The investment potential of Istanbul
Istanbul stands out from the crowd as giving the best investment opportunities in Europe offering low risk and high growth with previous property investors seeing a growth of 42% since February last year.
Price Waterhouse Coopers and the Urban Land Institute (ULI) named property in Istanbul as Europe’s top performing hotspot for overall growth and capital returns last year. The reasons behind the growth of the property market in Istanbul are based on solid facts of supply and demand, population growth and availability of finance, i.e. real social factors as opposed to the speculative factors that are so often given for many other property markets.
Istanbul is an ancient city and today, 15 million people are trying to live in a space built to hold a fraction of that number. The government has instituted enormous plans to revolutionise the way people live and move around the city. The key to this is the creation of 2 major new overflow suburbs, one built to the West around Bahcesehir, the second to the South around the Kurtkoy/Pendik area.
To relieve the housing problems there are now many suburbs springing up on the outskirts of the city, where the main investment potential of Istanbul lies. These suburbs will house satellite towns which stand in stark contrast to the city centre and will include all the facilities required for modern day living – parks, leisure facilities, shopping centres, cinemas, hospitals, schools and luxury housing - yet most are only 20 minutes from the centre of the city and airports.
Major new transport routes are joining them to the city and it is these areas that the government foresees as becoming the future residential heartlands of Istanbul. Some of these developments are offering guaranteed price increases of 35% plus, making investing in these areas an extremely attractive prospect.
With the large number of international corporations establishing offices in Istanbul, the rental potential is excellent within the business sector and the tourist market, which attracted 3 million tourists in June with Istanbul accounting for 20% of this figure, and the new mortgage options in Turkey are set to transform the market over the coming decade.
The investment potential of Istanbul is immense, and anyone with the foresight to buy property now is bound to reap rewards both from price increases and the rental market.
- Contact Information
- Deborah Cooper
- Sales Manager
- Property Turkey
- Contact via E-mail
This news content may be integrated into any legitimate news gathering and publishing effort. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.