Turkey Property Investment News

Istanbul offers investment opportunities

Experts have recently predicted that investors can expect to generate strong returns in the Turkish city of Istanbul, while a report released this month has ranked Istanbul second out of Europe’s real estate markets for investment and development prospects. According to independent analysts Amberlamb, the region has experienced a surge in popularity in recent years, among both holidaymakers and investors. This strong demand for investment property in Turkey is driving growth in the market, while the influx of tourists means the rental market is also performing well.

Amberlamb added that following the currency collapse in 2001, Turkey has turned itself around and now has a robust economy. This was said to be particularly true in Istanbul, which has enjoyed a "massive boom" in its economic prosperity in the last few years. The organisation commented: "[Istanbul] is a city certainly worthy of closer inspection by would-be property investors because it supports many investment approaches."

Meanwhile, Istanbul was ranked second in the ‘Emerging Trends in Real Estate Europe 2008’ (published by PricewaterhouseCoopers and the Urban Land Institute) in terms of its investment and development prospects, with one of the real estate experts interviewed saying “Turkey is the India of Europe.”

The country as a whole is also viewed as an excellent prospect for residential property investment and development, given its large and growing population and the rising earnings of residents. Turkey has a population of over 70 million, with 70% under the age of 30 and population growth of around 2% per year.