Leggett Immobilier comment on the prospects for the Turkish property market in 2013
(PRWEB) January 27, 2013
The team at Leggett Turkey say that it's already clear that, judging by current enquiry levels, property in Turkey will prove popular amongst international investors in 2013.
Bilfer Budak-Roche runs Leggett Turkey and is optimistic about the market and confident that this year will be an active one for her agency. She comments:
"The Reuters report that Turkey had moved up from 7th to 3rd place in the list of countries that real estate investors say they favour saw coverage all over Europe. Here at Leggett Turkey we have certainly seen an increase in enquiry levels over the last six months which backs this up. This report follows hot on the heels of the research from PWC and the Urban Land institute that listed Istanbul as top city in terms of investment and development - international buyers see property here as a safe haven.
ISTANBUL, November 22, 2012 /PRNewswire/ - The world-famous Latin singer Jennifer Lopez, who performed three concerts in Istanbul recently, has returned to Turkey after her performance in Sofia and become one of the residents of Metropol Istanbul in Atasehir Finance Centre. The pop star received the key to her flat with a Bosphouros and islands view during a ceremony organized in the sales office.
Lopez said that she was very impressed by the Metropol Istanbul Project and that she could see at first sight that it will be the new fashion and finance centre of Istanbul. Certain that she wanted to have a flat in this Project, she returned to Istanbul without delay after her performance in Sofia.
With the lifting of restrictions on foreign ownership of Turkey property coming into force in the second quarter of 2012 (Source: Gyoder) Colordarcy.com expects the price of Istanbul property to rise significantly. This means now is a good time to buy - however should investors be looking at high end or low end property in Istanbul?
(PRWEB UK) 22 May 2012 There are already locations where you can expect to pay more than £500,000 for luxury apartments with panoramic views of the city (Source: Rightmove), however investors need to be sure of their strategy to get the best out of the city’s residential property market according to Colordarcy.com.
Loxley McKenzie, Managing Director of Colordarcy.com said "If you ask a typical property investor what he would invest in with £500,000, one property or a portfolio? He will immediately say ‘a portfolio’.
(PRWEB) August 18, 2011 Indeed, while Western European countries and the USA prepare for the economic and financial threats lurking in the horizon, Turkey continues to propel forward with IMF statistics claiming that the country's GDP could exceed $1 trillion as exports almost triple as well as predictions that Turkey could well become the 16th largest economy in the world by 2015.
There has been a significant rise of investors buying Istanbul apartments and in light of new published figures, experts have now identified the city as a reliable option for buyers seeking good investment returns.
A 2011 report from PricewaterhouseCoopers (PwC) and The Urban Land Institute named Istanbul first in Europe for new acquisitions and development and the city was also ranked second in Europe under existing property performance. Economic growth
Alongside these findings, Turkey was placed second in Europe for GDP growth, as it demonstrated a climb from 3% in 2009 to 5.5% in 2011.