The year is likely to see Istanbul undergo stronger capital and rental growth than London, according to a property investment company.
Istanbul property prices are surging as buyers remain hungry for Turkey after Christmas. Values of prime houses in the capital are rising, according to figures released by Castle Research. Strong appetite for apartments has driven up prices, with rents increasing by 10 per cent per year as investors gobble up Turkey's real estate.
Recent findings have shown that around 1 in 6 Turkish properties sold to foreign buyers were bought by Brits in the last two months.
Over $1.3 billion were stuffed into Turkey's property market last year. The figures, released by the Turkish government, have shown that foreign investors are still keen to own a share of the country's booming real estate industry, as Turkey becomes one of the biggest success stories of recent years.
With demand for homes far outstripping supply in the rapidly growing Turkish capital city, buy to let investors have yet another reason to cash in on this leading new European market.
Buy to let property in Turkey can produce rental returns of around 6% but many people are put off by the sheer logistics involved in renting and marketing, it is claimed...
According to one influential source, the Turkish real-estate market has had a good couple of months, which could be good news for potential property investors.
Turkey is an increasingly attractive option for holidaymakers and second home buyers, experts have claimed.
Bodrum Airport officials are in for a busy 2010 as three major low-cost airlines have all targeted the Turkish resort for boosted direct services.
After a 60% increased in overseas investors in the last year, the good news just keeps on coming for Bodrum's burgeoning property market....
Please enter your Email address and we will send you more information: