Istanbul's residential market is experiencing a severe imbalance of supply and demand with 250,000 new homes required per year until 2015, whilst government figures show just circa 100,000 are being constructed.

Turkey's economy is currently the 16th largest in the world and in 2010 it was the fastest growing economy in Europe. It has a stable government that continues to successfully implement wide reaching reforms, driven by the real opportunity of gaining EU membership.

Whilst Ankara is Turkey's political center, Istanbul is the financial, commercial, industrial and cultural center of this fast expanding economy. Demand for property in Istanbul is continuing to grow - migration to Istanbul is currently at a staggering rate of circa 400,000 people per year.

No1. Knightsbridge has been carefully selected by Emerging Property enabling our investors to take full advantage of ‘being in the right place at the right time’ - Istanbul.

This landmark property is located on the European side of the city's suburbs, in an area called Beylikduzu. With wide appeal for families and young professionals Beylikduzu provides an enviable array of amenities including it's own shopping center, several large supermarkets, numerous parks & open spaces and even a beach with a popular promenade and a selection of restaurants, cafe's bars and nightclubs.

The area is half the price per sq meter compared to the city center and increasing steadily at a rate of about 15%-20% per annum. In mid 2011 the area will gain further appeal with the completion of a new metro-tram bringing journey times to the city center down from 1 hour to just 30 minutes.

Investing into this booming city is made simple. Utilizing a 70% LTV mortgage enables you to gear up capital growth and the 7.5% protected rental guarantee covers all running costs with a little left over each month. Crucially, prices are being driven by local demand (not foreign investors) which provides a secure exit strategy in anything from 2-4 years.

• 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
• Favorable demographics for medium 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.

• Quite simply, local demand outstrips 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.

No.1 Knightsbridge 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.

• 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.
• New metro station will be located 200 meters from No. 1 Knightsbridge.
• Sea views and easy access to a popular Istanbul beach just 10 minutes away.
• Acute 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 minutes away.
• Area popular with professional locals and expats.
• Crucially, prices are being driven upwards by local demand, not foreign investors.

This is a luxurious, high specification landmark property which will ensure it is rented quickly, at a high price. It will also mean the same when it comes to resale.

The features include:

• Roof top swimming pool with retractable roof and decking.
• Indoor swimming pool, saunas, Turkish bath, fitness centre, on the 7th floor.
• Coffee houses on the terraces with decorative pools.
• Shops, meeting room.
• 2000m² landscaped gardens, Valet parking.
• Laundry and house-keeping services.
• Communal areas.
• Underground parking.
• Gated entry.
• On-site security.

The apartments:

• Floor to ceiling windows.
• South facing views with sea views.
• Thermal and sound insulation.
• Central heating system.
• Air conditioning.
• Intercom system.
• Fitted modern kitchen.
• Kitchen floor with ceramic tiles.
• Breakfast Bar.
• Double glazed aluminum windows.
• Satellite system.
• Steel entrance door.
• Modern design shower room.

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