Istanbul PropertyIstanbul property and especially Istanbul apartments are now predicted to be one of the best investment opportunities for 2010. Istanbul is said to be the gateway from the west to the east and as so can offer the security of the West along side the East’s captivating cosmopolitan culture and vibrant environments.
The latest Emerging Trends in Real Estate Europe Report recently released by PWC and the Urban Land Institute rank Istanbul, European Capital of Culture, number 1 in City Development Prospects in 2010. Turkey investment property has been attractive for the pat few years now but most of the development and marketing was focused on more holiday lifestyle homes on the Mediterranean coast and has been attracting many overseas property investors for around the world.
This non eurozone country has capitalised on its attractive climate, 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 the property investment in Turkey boom is also due to rapidly growing cities such as Istanbul where the significant housing deficit presents opportunity.
As Managing Director of Experience International, Steven Worboys, comments,
"The success of Istanbul’s 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 the established economic powerhouse of Turkey, offering some of the most attractive investment opportunities available and the Istanbul apartments currently for sale are proving very popular with both foreigh and domestic investors..
Turkey property Investment | Istanbul Apartments | Istanbul Property