Tuesday 28th December 2010
Istanbul Number 1 City In Europe For Investment
Emerging Trends in Real Estate 2010 Report, published by Price Waterhouse Coopers, rates Istanbul as the number 1 city in Europe for real estate investment above London, Paris and Berlin.
The report comments: "The long-term economic prognosis for Turkey generally and Istanbul specifically is extremely positive. As one international investor observes, it is a "large city with young population." It is for this reason that investors rank Istanbul first for development, as was the case in 2009."
Istanbul topped the rankings of European cities through a combination of "ranking high for investment together with long term propects". Istanbul was favoured for its "economic growth propects".
Istanbul's residential property market is rising by circa 15-20% per annum and expected to continue at similar rates until 2015. To take advantage of this surging growth, utilize 70% LTV mortgages and benefit from a 7.5% guaranteed rental return for 2 years minimum; review one of our Istanbul Property Investments and download the Investor Report for further information.