Istanbul Property For Sale Market

ISTANBUL PROPERTY MARKET

ISTANBUL PROPERTY MARKET

The capital of two empires, Istanbul is the most vital city of Turkey with a population of 15 million inhabitants. Divided by a waterway called the Bosphorus, Istanbul spreads on two continents making the strategic position of city one of the most important between European and Asian cities.

These days Istanbul has been hosting many international property investors attracted by discounted cash deals, flexible payment plans and guaranteed rental returns. Plus, the price per sqm is around 800 Euro and 1 bed properties around 45.000 Euro !

Everyone can ask why are these investors are dealing with Istanbul rather than any city in the world ??? It is the right answer that Istanbul has 50.000 shortage of properties per annum as it gets 400.000 new inhabitants to work and study. We should also consider that Istanbul is the heart of Turkey with business transactions and industry.

As the most important infrastructure progress connecting Asian part with Europe in Istanbul, the completion of Marmaray Project in 2012 and the establishment of more than 5 long metro links in conjunction with the Marmaray Project that will extend as far as the Sabiha Gokcen Airport, will increadebly affect the residential market and prices in the near future.

Here is the proven survey that Moscow and Istanbul ranked first and second, respectively, as this year's top real estate markets in Europe for both investment and development prospects, according to the highly regarded real estate forecast, Emerging Trends in Real Estate Europe 2008, to be published today by the Urban Land Institute (ULI) and PricewaterhouseCoopers LLP.

You can freely contact with me for more details about Istanbul Property For Sale

by: Istanbul Property

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