Why Is Crystal Heights In Istanbul Such A Good Investment Opportunity?
Istanbul property is now tipped to be one of the best investment opportunities for 2010. Istanbul is said to be the gateway from west to east and that it provides western society and security as well as the promise of the east’s intriguing cosmopolitan culture and exciting environments.
The newest Emerging Trends in Real Estate Europe Report just released by Price Waterhouse Coopers and the Urban Land Institute ranked Istanbul, European Capital of Culture, number 1 in City Development Prospects in 2010.
Turkey investment property has been popular and profitable for the past few years now but a high percentage of the developments and marketing in the overseas property industry was more orientated towards the holiday lifestyle homes on the Mediterranean coast and has investors from around the world.
Turkey has traditionally benefitted from its attractive weather, stunning Aegean and Mediterranean coastlines, low cost of living and ease of access to the UK with 73,000 overseas nationals (Turkish Statistical Institute) already calling Turkey home.
We would like to highlight that Turkey’s property boom is also due to rapidly growing cities such as Istanbul where the significant Istanbul property market deficit presents opportunity.
As Managing Director of Experience International, Steven Worboys, comments,
“The success of the Istanbul property market is a simple matter of supply and demand. Due to the rapid growth of the city (some 400,000 new inhabitants arrive each year to work or study) the existing housing stock has reached capacity. It is estimated that 250,000 new homes per annum are required until 2015 according to the Real Estate Investment Trust Association to meet the demand generated by foreign as well as domestic investment.”
Istanbul is now establishing itself as the economic powerhouse of Turkey, with some of the most attractive investment opportunities available.
Crystal Heights Istanbul
Crystal Heights is an apartment block of 337 luxurious and contemporary styled 1 & 2 bedroom apartments and duplexes and a great example of one of the latest and most interesting Istanbul investment properties available. Investor can get involved for as little as a £13,500 outlay (fixed in sterling) when taking the 70% finance option. Crystal Heights provides a 2 year rental guarantee at 7% p.a. protected on completion in 2011 through collateral from the rental management company. Average rental incomes in Istanbul are very good and because of high demand combined with the quality of the development investors can expect similar if not higher rental incomes from the property after the first 2 years guarantee.
For more information about Crystal Heights and to download a complementry invester report please visit www.istanbul-property.com.
Post a comment