Turkey
The Hamptons, Istanbul Apartments - Turkey
Updated: Friday 8th April 2011
Investment Summary
Due for completion in August 2011 the last few units available at The Hamptons represent a superb opportunity to invest into the steadily growing Istanbul property market.
Istanbul has a large scale housing deficit set for at least the next 5 years. Quite simply demand for high quality property, in both the sales and rental markets, exceeds supply.
On top of this, Istanbul's economy is strong - last year Turkey saw the fastest growth in Europe and Istanbul being the financial, manufacturing, service and cultural capital of the country is benefiting. This economic growth is set to continue for the medium to long term.
The Hamptons has been carefully selected by Emerging Property to enable investors to take advantage of this unique property market. Located in an up and coming suburb offering a high quality of life with beaches, shopping malls and a new metro-bus station due to open in November this year bringing the commute to the city center down to just 23 minutes.
Further benefits include: Hands-free investment, fully managed providing a 7.5% protected rental guarantee for 2 years. Gear up the capital gain with a 75% loan to value mortgage. This is a low capital investment with prices from 10,180 GBP, plus purchase costs.
The Hamptons has many factors stacked in the property investor's favour, including:
- Superb Investment Package: 2 year rent guarantee & invest from ~£15,000.
- Capitilise on Istanbul's housing deficit.
- The western suburb of Beylikduzu offers high quality living at affordable prices.
- Turkey's strong economy predicted to continue into the medium and long term.
Why Invest into The Hamptons?
At Emerging Property we are constantly seeking out high value investment opportunities, and pride ourselves on bringing our clients properties in fresh markets that are not yet bloated by oversupply. With the Istanbul market driven by local demand, not foreign investors, The Hamptons is one such investment.
The Hamptons is a group of contemporary apartments situated near the centre of Beylikduzu, a booming suburb of Istanbul. The properties benefit from many key value determining points, such as stunning city and sea views in a quiet suburb merely 10 minutes away from one of the most popular beachside destinations in the region, while still offering easy access to two major motorways that lead directly to Istanbul itself. It is easy to see that the demand for such a convenient location will certainly be through the roof.
As well as this, the metro-bus link will be extended to Beylikduzu in November 2011, with Bizinkent Station located only 5 minutes from The Hamptons. This will give residents easy access to Istanbul's thriving city centre with just a 23 minute commute.
About the development
The Hamptons is beautifully designed with a contemporary style and luxury materials. It boasts a range of facilities and features that will make it highly appealing to young professionals and families alike. The range of studio and one bedroom apartments include many details that wouldn't be amiss in premium accompotenitalmodation in established cities such as London or Paris, including:
- Natural gas central heating systems and air-conditioning
- Sound and thermal insulation
- Cable television and Internet
- Fully integrated intercom systems
- Contemporary fitted kitchens
- Balconies with stunning views
- Modern bathroom design
- Double-glazed windows
- Steel entrance doors
- Breathtaking interior design
- Stunning city and sea views
- A central location in a rapidly developing suburb of Istanbul
- Convenient access to transportation, employment and entertainment
Facilities
The Hamptons complex itself also boasts a range of leisure facilities making it highly appealing for renting and resale for years to come, including:
- Swimming pool
- Gym and sauna
- Lush, landscaped gardens
Peace of mind, security and convenience are also offered with:
- Numerous stores
- Onsite management office
- 24/7 CCTV security systems
- Ample parking
Investment Package
Because The Hamptons are located in an area of Istanbul that is set for growth, they offer a great investment potential. Paired with the high end finish and superior attention to detail the apartments are as attractive as the investment opportunity that they offer.
With prices a fraction of the cost that they are in the city centre, plus rental demand that is consistently high, the stage is set for The Hamptons to provide you with a highly successful investment.
The investment highlights for The Hamptons are:
- Prices fixed in Pounds Sterling
- Low capital outlay - from £10,180 plus purchase costs
- Two year protected rental guarantees of 7.5% p.a.
- Fully notarised sales and purchase contracts for your security
- 75% LTV mortgages for EU buyers
- A booming local rental market
- Hands-free investment, fully managed
- Potential yields of up to 10%
Located in an up and coming suburb:
The Hamptons are located on the European side of Istanbul within the up and coming suburb of Beylikduzu. Prices per sq meter are currently less than half that of the city center, yet with the new metro-bus link, due for completion in November 2011, commuting to the center will take just 23 minutes. Add to that the quality of life benefits such as the sea views, a popular beach just 10 minutes away, numerous facilities 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-bus due for completion November 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 a third to just 23 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 minutes 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
- 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.
Why invest in Istanbul?
- Quite simply, local demand outrips 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 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.
Download the Investor Report