Property in Istanbul, apartments in Istanbul
Istanbul is a 21st Century City and Newsweek claimed it to be "one of the coolest cities in the world." It is a stunning and varied city, most definitely worth a visit.
There is also increasing interest among investors in Istanbul, a city steeped in tradition and heritage dating from the Ottoman Empire (when it was Constantinople). It has attracted visitors interested in history and culture through the ages, as it occupies a unique spot, where East meets West, where Europe meets Asia, divided only by the Bosphorous river.
From a property perspective Turkey is an exciting market. In Istanbul, yields can be as high as 7%-10%. The Eastern, or Asian side of the city is more business and residential in nature whereas the West, or European side is more touristic and business oriented.
McKinsey, the Global Management Consultancy, in its report on economically powerful cities, includes Istanbul in the top 25 city rankings for 2025. This means that Istanbul would rank better than Rio de Janeiro and be hot on the heels of Moscow, in terms of numbers of households with attractive earning power and indirectly have greater levels of disposable income
It is not only McKinsey which rates Istanbul as a city of tomorrow, but Goldman Sachs, who see it as a €6trillion economy by 2050, which would give it a number 3 ranking in Europe, behind only Russia and the UK.
Istanbul property, the transport system is improving
The Asian side of Istanbul, home of Sabina Gökçen Airport, is currently seeing a new metro (M4) being constructed with 19 stations from Kadikoy to Kaynarca and will also extend to the airport. The Marmaray Tunnel (a rail tunnel under the Bosphorous) is being built to connect Asian and European-side metro stations and is shortly to enter service, with latest estimates at 2012. This will undoubtedly have a positive impact on the property prices in thise area.
If you cannot find what you like, please contact us on + (0) 1932 849536, as we have lots more properties than are shown on the website.
For a quick overview of Turkey's country profile and macro-economic indicators, click on Turkey-Snapshot profile
To give you more background as to why you might consider investing in Turkey, go to Why Invest Turkey.
Property Venture® is an award-winning, UK-based agency for overseas property who helps people buy investment property and holiday homes in Europe, more easily and safely than they can on their own, because we offer grounded common-sense advice.
The focus is mainly greater Europe: Poland property, UK investments, Spain property, Turkey property, Cyprus property
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