Why Invest into Crystal Heights?

Located in the booming suburb of Beylikduzu on the European side of Istanbul, Crystal Heights is found in a region that is perfect for families and young professionals looking for good quality rental accommodation. The area is currently experiencing some of the strongest growth in the country thanks to its proximity to the city centre as well as one of the most popular seaside destinations in Turkey.

This means that by investing in Beylikduzu you can enjoy the low prices and positive growth associated with an area in the early stages of secure growth. Crystal Heights is found close to a range of amenities, including shopping malls, universities, hospitals, schools and parks, ensuring that there will always be a local renter who is keen on living there.

This is further bolstered by the fact your property will be situated nearby two major highways leading straight to the heart of Istanbul as well as near to a future metro-bus station providing commutes to the city centre of just 23 minutes. This is a suburban area with strong, and improving, transport links to the city and airports making it highly desirable - enhancing the property prices and rents.

As for the prices, rates are currently much more affordable in Beylikduzu than in Istanbul's city centre and savings of up to 50% can be made per square metre.

About the development

Crystal Heights contains an array of quality one and two bedroom luxury apartments , all finished to a high standard. Your property is representative of a truly modern development, and comes with:

• Laminated parquet flooring
• Balconies surrounded by glass
• Fitted modern kitchens complete with granite worktops
• High quality ceramic tiles
• Optional air-conditioning

Facilities

Whether you intend to use your property as a holiday home while it accrues equity and builds in value, choose to rent it, or just want to retain it for future sale, the property offers excellent value. Crystal Heights has many practical and leisure amenities that make it an attractive piece of real estate, including:

• 24/7 reception and concierge
• Mini bar & café
• CC TV security & built-in intercom system
• Onsite management services
• Underground car park with valet parking and car wash services
• Rooftop swimming pool
• First floor terraced garden
• Fitness club, Turkish bath, sauna & steam bath
• Children's day-care centre

Financials

An investment in Crystal Heights offers you great short and long term benefits. Each investment property offers you the following appealing elements:

• A two year guaranteed rental at 2% p.a.
• Prices fixed in Pounds Sterling
• Mortgages available at 70% LTV ratios
• Limited units available to foreign investors
• Located in a booming suburb of Istanbul
• High quality interiors, exteriors and facilities
• Local rental property in high demand

All of these things consider, you can rest assured that your investment will add a stable and rewarding aspect to your portfolio.

Located in an up and coming suburb:

Crystal Hieghts is located on the European side of Istanbul within the up and coming area of Beylikduzu. Prices per sq meter are currently less than half that of the city center, yet with the new metro link, due for completion in mid 2011, commuting to the center will take just 30 minutes. Add to that the quality of life benefits such as the sea views, beach just 10 minutes away, numerous faciltiies in immediate area and it's not hard to see how this area will continue to increase in value over the next 5 years.

Why is Beylikduzu the best area to invest into within Istanbul?

• Suburb that boasts a high quality of life with supermarkets, its own shopping center, parks, swimming pools and even a popular beach.
• New Metro-Tram due for completion mid 2011, providing a low cost, rapid link for residents to the city center and transport network. Crucially commute to the city center will drop by half to just 30 minutes.
• Sea views and easy access to a popular Istanbul beach just 10 minutes away.
• Accute shortage of quality rental properties provides 10% yields at today's prices.
• New sporting, cultural and shopping facilities.
• Istanbul's main Ataturk International Airport is just 15 km away.
• The new International Airport, Silvrini will be just 10 mins away.
• Area popular with professional locals and expats.
• Crucially, prices are being driven upwards by local demand, not foriegn investors.

Why invest in Turkey?

• Economic powerhouse of Turkey - the fastest growing economy in Europe 2010.
• Expected to be the fastest growing economy among the OECD members during 2011-2017 with an annual average real GDP growth rate of 6.7 percent
• Favourable demographics for meduim and long term growth.
• The youngest working population compared to any EU country.
• 60% of the population are under the age of 35.
• Stable and reforming government preparing for EU accession.
• Low mortgage take up (4% of GDP compared to 74% in the UK), will increase buying power of locals and push prices up.

Why invest in Istanbul?

• Quite simply, local demand oustrips supply and is set to continue for at least the next 5 years.
• Housing shortage of 250,000 homes per annum.
• Prices expected to increase by circa 15% - 20% per year.
• Huge city, with lots of old housing stock - new builds are sold out quickly.
• European Capital of Culture for 2010 - proven to increase property prices.
• Some 400,000 new inhabitants arrive each year.

What the experts say:

OECD:

Turkey is expected to be the fastest growing economy of the OECD members during 2011-2017, with an annual average growth rate of 6.7 percent.

Euopean Union Economic Report:

Turkey will become the fastest growing country in Europe in 2010.

Financial Times:

The Financial Times rated Turkey amongst its top 10 investment locations.

UNCTAD:

Economy fueled by USD 83 billion of FDI (Foreign Direct Investment) in the past eight years and ranked the 15th most attractive FDI destination for 2008-2010.

OECD & IMF:

2010 Real GDP Growth Rate Forecasts for Turkey are 8.2% and 7.8% ahead of a government target of 6.8%.

PropertyWire, 2010:

Attaining European Capital of Culture status has generally been regarded as resulting in demand for real estate in the cities concerned. Cities such as Liverpool, Barcelona both saw property prices rise and this year's chosen location, Istanbul, is predicted to see price increases of up to 40%.

European Commission, 2004:

A 2004 study by the European Commission demonstrated that the choice of European Capital of Culture served as a catalyst for the cultural development and the transformation of the city.

European Policy Center, 2010:

Turkey's Credit Ratings are strong and since September 2008 (when Lehman Brothers collapsed) is one of only 25 economies to receive a credit rating upgrade, and the main credit rating agencies have recently upgraded their credit ratings for Turkey.

Turkish Minister-of-State Ali Babacan, 2009:

Turkey has shown the healthiest recovery signs of all the OECD countries. Turkey was the only OECD government that did not need to help its banks with state financing following the recent financial crisis.

IMF/OECD Studies, 2009:

Turkey has a low household indebtedness (12% to GDP in 2007, compared to the EU's 56%)

Key investment Points:

• Invest from ~£15,000 (fixed in sterling).
• 75% loan to value mortgages available.
• Current yields equivalent to 10% being achieved
• 2 Year protected rental guarantee at 7.5% p.a.
• Studio and new 1 bedroom luxury apartments.
• Prime location in a booming suburb in the growing prosperous city of Istanbul.
• Very close to major transport links, employment, beaches and amenities.
• Strong local rental market.
• Large scale housing deficit and rapidly expanding owner occupier market.
• Sales and Purchase Contract notarised for security.
• Contemporary design with sea & city views.
• High quality furniture packs available on finance.
• Local developer with substantial track record for success.
• Crucially, prices are being driven upwards by local demand, not foriegn investors.

Relevant News:

Read the latest Turkey Investment Property News.

Next Steps:

Contact us by filling out the form below or calling us, for more information including:

• Comprehensive 10 page Investor Report (Sample Below).
• Availability, Price List, Floor Plans.
• Details on the Guaranteed Rental.
• Further information.

Please ask us any questions you have, we are happy to help. Please fill in the form with any questions and please provide your telephone number so we can contact you quickly - there are only a handful of units left.