property in Istanbul

Invest In Emerging

Istanbul Property Market

And

Get High Returns

 

Istanbul is the largest city in Turkey and the historical, cultural and economic hub of this country. Commercial and historic part of the city is situated in the European part while majority of the population of the country resides in Asia. The city is situated at the crossroads of west and east and is considered to be a strategic location from international purview. Importance of this city has increased over the years in both global politics and economy. The metropolis is now counted among the ten best cities in Europe for real estate investment.

 

As per a report, on the basis of a study conducted by two ace organizations, it is the seventh among ten major cities in EU. It is expected that this status will boost the economy of the country. Different factors have contributed to the rise in demand for real estate in this city. There has been a major change in the real estate arena in the city. There has been an increase in the number of foreign investors because of the amendment of laws related to property and real estate. The report has also laid emphasis on the development prospects of the city.

 

If you are planning to invest in real estate in the city then this is considered to be the best time. The central bank of this country has documented the deficit in housing, and almost half of it is in Istanbul. In comparison to other European cities, population is growing fast here and in a decade to come, it will rise exponentially. Working population will be high in the city, and this will have its effect on the population of the country. It is projected that need of housing will also be at its peak in following years. Thus, investors in real estate will have a lucrative opportunity to finance in various projects and get high returns.

 

Irrespective of the economic downturn in the real estate arena in the global market, property transaction in Istanbul thrives. To boost the Istanbul property as well as the economy of the country, different mega projects have been undertaken. Construction of bridges, airport, financial center is providing leverage to the real estate sector in the city. The city is known to attract tourists from different parts of the world and is known to be a proposed candidate for holding a premiere sports event. Owing to these reasons investors have swarmed the city to reap benefits from lucrative opportunities through rental returns and capital appreciation of properties.

 

Strategic location of the city has also resulted in the migration from different parts of the country and overseas. As the chances of obtaining EU membership progresses, different reforms in the law pertaining to real estate also turn out to be profitable and easy for investors. Blend of demographic factors and economic reforms have transformed the real estate market to an emerging one. Investing in a property in Istanbul is now a lucrative option owing to market conditions and for this you can seek help of a noted property management company.