The number of overseas property purchases in Turkey rose by 78 per cent in the first half of 2013, with the city of Istanbul leading the way.
Wold’s fifth best place to invest in property is chosen as Istanbul!
Turkey has been chosen as a world’s 5th best place to invest in property according to The Telegraph news. The most popular investment area is selected as Istanbul according to article. The article was written as follow;
The number of overseas property purchases in Turkey rose by 78 per cent in the first half of 2013, with the city of Istanbul leading the way. “Most of our clients who were interested in buying Turkish properties used to be British,” explains Julian Walker of Spot Blue International Property.
“Now we are seeing a lot of buyers from the Middle East, who view the country as a safe place to invest.”
“Istanbul is a big place,” says Julian Walker of Spot Blue, an agent specialising in Turkey. “We offer anything from luxury houses at $15 million to studio flats for $60,000.” In the past 20 years, apartment buildings have mushroomed west, towards Ataturk International Airport and beyond, the more distant properties being “a bit cheap and cheerful”. But the city is safer than others of its size, and in contrast to Britain, the Eurozone and America, it is practically fizzing with energy.
Clive Aslet is an Editor at The Telegraph says that “It might be time to snap them up quickly. According to the Knight Frank Global House Price Index, Turkish property prices are experiencing the third fastest growth in the world, outpacing both Russia and Hong Kong.”