Istanbul

ozcan

Turkey’s rising star Istanbul has been marked by PriceWaterhouseCoopers in 2011 February as first location for both new acquisitions and developments. Considering economic ambiguity and local crisis within the European Union, Istanbul passed its stability test and reassured foreign investors for consistent growth as financial troubles have had lesser impact on Istanbul in terms of real estate investment.

When focusing on Istanbul’s real estate properties, new built residences and business centers play a big role in its success. Areas such as Beylikduzu, Esenyurt and Cekmekoy continue to attract investors by the quality of the constructions as well as the rental guarantee provided. On the other side, prime location Istanbul properties offer already a win and win situation where a fast moving real estate market has its say. Investors and individuals aiming to purchase property at central or prime areas in Istanbul find satisfaction where modern lifestyle of Istanbul and rapid/stable capital growth exists.

Many investors go for low price-easy to rent projects in the new booming areas all over the city. Western side of Istanbul is already discovered and thousands of new buildings are already completed and sold. However few notice the value of investing on the Asian side of Istanbul. Actually after crossing the Bosporus, as a surprise, the Asian side has its share from the constructional development in this mega-city almost as much as the European part. Reconstructing Istanbul Project launched by the Turkish government did catch also here maximum attention from developers and several big scaled constructions are given start. Of course the Parliament’s approval of the Third Bosporus Bridge that will connect the two continents, Europe and Aisa, for the third time accelerated constructional efforts on the Asian side inevitably. Thus, local investors have already initiated the monetary circulation and it seems that Asian side of Istanbul will be mentioned soon much more often when talking about investing in Turkey.

Category : Blog

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