subject: Why has Istanbul property investment interest grown amid Middle East unrest? [print this page] Why has Istanbul property investment interest grown amid Middle East unrest?
One nation has seized the opportunity to prove it has a stabile and prosperous long-term future during the well-documented wave of civil unrest that is currently taking place in the Middle East.
The emerging economy of Turkey has shown property investors that it has a level of stability that many other neighbouring nations crave.
So, how has Turkey, and Istanbul in particular, managed to buck the trend in terms of positive news emerging from the Middle East?
Turkey has remained a hot spot for overseas property investors, with the current situation simply highlighting the stability of cities like Istanbul for investment opportunities.
And, as far as the property experts are concerned, investments in these two places will continue to rise alongside their ever-flourishing global profile.
Hotel rooms in particular are expected to attract interest, Graham Flaherty, Turkey property expert at Istanbul Property Investment, says: "Buy-to-let hotel room investments make sense when you have a city that is bringing in business visitors, which Istanbul certainly is. These are property purchases that suit the armchair investor', and this is where the interest is coming from," the Turkey property expert says.
He adds: "Despite the unrest in the northern African countries, property interest in nearby Turkey has remained strong. Turkey is a resilient country and looks to be in little danger of following the same route as Egypt and Libya. A growing numbers of tourists are flocking to coastal resorts like Akbuk, and economic development continuing in cities like Istanbul."
And it is Istanbul's protential for growth and development that makes it the ideal option for armchair investors, according to the property expert.
"Istanbul is a growing city and makes for an ideal property investment. Now that Turkey's stability has been pushed to the fore, and Istanbul has been given government endorsement for growth, property investments will be rife," says Flaherty.
With more and more businesses entering Istanbul looking to set up base and hold conferences in the city there is a good chance that short-term rental property will become even more popular than it currently is, and more developments like the Elite Perla Palace in Istanbul will be built to cope with the growing demand.
