Of recent the latest hot spot for real estate investment in the global market is the market in Turkey. And the city that reflects this growth perfectly is Istanbul. The city settled cozily on the Mediterranean has tremendous beauty, efficient infrastructure, a booming
to its credit. If you are looking for the right investment opportunity and have an inclination towards real estate investment then investing in real estate for sale in Istanbul is the right choice.
All these advantages are not just limited to few cities but apply to all and more so to the Istanbul real estate. Istanbul is fast becoming the world’s financial epicenter considering the flourishing Turkish economy. Istanbul is also referred to as the ‘gateway’ between Europe and Asia and it is this proximity that is of prime attraction to the investors of Istanbul property. Future projects like speedy trains, metros and strategic plans for the development of Istanbul offer huge potentials for the investors in the city. Istanbul offers great opportunities to investors by offering a sturdy construction sector, building world-class homes at the most affordable rates. More
Even though there is a sluggishness in the world market, this global crisis seems to have skipped the Istanbul real estate, the local markets have remained resilient to the global slowdown. Where the whole of Turkey has seen a 21% increase in the real estate sector, a 15% augmentation in the registration of Istanbul properties was seen. The belief that real estate is the best investment option has contributed to this increase effectively and Istanbul has effectually carved a niche for itself as far as premier investments are concerned.
Istanbul properties are good investment options as it offers investors increasingly attractive rental returns and substantial capital appreciation especially the properties for sale in Istanbul. The proximity of the city to the capital, the sea and the spectacular view from all vantage points and its infrastructure and construction advantages add to the lure of property for sale in Istanbul.
After 2004, the country started gaining the attention of investors especially foreigners as the Turkey markets were thrown open to foreign investments. And more so after 2012, when the law of reciprocity was removed. The law stated that only those foreign nationals could buy property in Turkey if their homeland allowed Turkish nationals to do so. After that there was no looking back, the market is now basking in the limelight of the global real estate investments.
The key policies of Turkey regarding mortgage securitization and access structure works towards minimizing the downturn risks. The Turkish real estate market has matured successfully over the last decade and this can be easily attributed to the positive socio-economic fundamentals as well as the excessive optimism regarding its markets.
How You Can Buy Property In Istanbul With Much Lower Cost
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Why Choose Turkey?
Turkey has succeeded in becoming the 17th largest economy in the world and the 6th largest economy in Europe. Along with being a well-known tourist destination – it ranks 6th in the world, it is also the 7th most attractive investment market in Europe after Paris, Moscow, London, Milan, Madrid. Strategically placed Turkey has undergone a profound economic transformation over the decade, with its existing potential and ambitious targets. The country has undergone extensive urban renewal and development, a large capacity and strength in the construction sector, population growth, demographic advantage and the ease of doing business. With rich culture and heritage to its credit and the natural beauty, it is not difficult to see why foreigners investors take a special interest in the country.