New marina could boost interest in Turkish property

Property investors who have been looking to take advantage of the burgeoning Turkish real estate market may be interested to hear that a new marina is to be built in Istanbul's western suburbs.

The proposed harbour will be constructed in the Atakoy district, which is located on the European side of the Bosphorus, and is expected to cost USD16 million.

Steven Worboys, managing director of Experience International, said that the news was a step in the right direction for Turkey.

"Such significant investment in the suburbs of Istanbul is extremely positive for the future," he explained.

"Developers are looking to burgeoning districts in the west such as Atakoy and Beylikduzu which are seeing significant population increases and investment in infrastructure."

An increasing number of overseas investors are beginning to look to the western suburbs of the 2010 joint European City of Culture, with capital gains of up to 30 per cent reported for the Beylikduzu district, Experience International claims.

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