Property for Sale in Istanbul |
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Property in IstanbulBuying Property in Istanbul is popular with property investors
looking for high returns over a short, medium and long term. The popularity of
property in Istanbul has been fuelled by a surge in many
multi-national companies setting up offices there and relocating staff from
Western Europe. Many of the target areas fall on the outskirts of the city where
transport links are excellent, yet there is a real shortage of quality
accommodation due to the sheer number of people relocating to these regions.
Istanbul
is, without doubt, the most popular investment region in Turkey, with many
people buying there to relocate and others wanting to buy investment property in Istanbul to take advantage of the
tremendous rental and capital appreciation opportunities. Istanbul is situated
to the northeast of turkey, separating both the Black and the Marmara Sea.
Although
Istanbul had obtained the prestigious award of capital city of culture 2010, it
actually isn’t the capital of Turkey, Ankara is. Despite Ankara being the
political capital, Istanbul is widely recognised as the cultural capital of
Turkey. As a result of the city of culture award many areas of Istanbul are
currently under major regeneration, similar to that of the London docklands 15
years ago. Approximately 700,000 people are re-locating to Istanbul every year
due to it being the cultural heart of Turkey plus ever increasing numbers of
multi-national corporations setting down roots in the area boosting its standing
in the corporate world. Istanbul has been ranked second in a list of this year’s
top real estate markets in Europe for both investment and development prospects.
With
Istanbul you get the best of both worlds, the city is separated by the thriving,
modern and exciting ‘new city’ with the culturally beautiful and traditional
‘old city’. These two cities show that Istanbul are moving well into the 21st
century but don’t want to lose its amazing cultural background, which many
majors cities do so. There is no better time than now to invest in Istanbul as
there is a reported shortfall of 2 million housing units across the city as per
the Turkish government, making a massive demand for rental opportunities.
Istanbul was considered to be one of the property investments hotspots of 2008/9
by Price Waterhouse Coopers with predicted capital growth of up to 40%. These
facts and figures speak for them self in showing that there is no better place
to visit or invest than Istanbul. People from all walks of life can benefit from
everything that the city has to offer. Enquire about Property in Istanbul |
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