Homes & Property - Wednesday 16 January 2013
Euro-free Istanbul resists the recession - (excerpt)
A robust economy and youthful population are driving a booming property market in this exciting city, reports Cathy Hawker
"Buy-to-let properties in many markets overseas have been hit hard by the recession. Plenty of investors got their fingers burned buying in emerging countries that , in property ownership terms, never quite emerged. But it's a different story in Turkey"
says Cathy and continues...
"....Satellite towns an easy commute from Istanbul have sprung up over the past decade and investors are eyeing up rental yields....'There is a growing body of workers moving to Istanbul's suburbs who require housing' says Louise Reynolds, of Property Venture®. 'In the centre, yields tend to average three to four per cent, but the more affordable outskirts offer investors the chance for yields of seven to 10 per cent'
West of the centre, Property Venture® has new-build apartments from £48,660 for one bedroom at Esenyurt"
Property-Venture.com (01932 849 536)
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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
On the Advisory Board and a Member of the Association of International Property Professionals (AIPP) the business has been vetted, approved and voluntarily commits to Industry Regulation and the Professional Code of Conduct. We are known for our quality customer service and non-pressurised approach to sales. Take a look at what our clients say
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