Istanbul’s real estate values are rising by up to 20% a year, but overseas investors can still take advantage of high capital growth potential, says agent, Universal 21
Even with property price rises of up to 20% a year in Istanbul, Turkey, there are still opportunities for overseas investors to benefit, says a specialist agent.
Prices in the 12 months to February 2014 have risen by one-fifth, says data provider REIDIN, ahead of the 13.8% Turkish average quoted by global agent Knight Frank.
But Monica Anca, Director of Universal 21 (http://www.universal21.com), which has its head office in Istanbul, says there is still an opportunity for foreign investors to move in and take advantage while Istanbul is still viewed as an emerging city in comparison to say London or Paris.
Adil Yaman, Universal 21’s Investment Director says, “There is still an opportunity for foreign investors to benefit from more sustainable price growth. The opportunity in Istanbul is still there for the taking for savvy investors who want to take advantage of low property prices and high capital growth potential.
“There are several factors contributing to the rise in property prices in Turkey and Istanbul in particular. Much is made of foreign investment and there is little …read more