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One Bath Turkish Flat/apartment For Purchase

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Apartment/Flat Description

Astrum Towers offers an investment within a thriving city at an
affordable price. Price Waterhouse Coopers gave Istanbul the number 2 position
in terms of investment potential.

Astrum Towers is located in the seaside town of Beylikduzu with a
popular blue flag beach, a water park and golf course, also Ataturk airport is
only 10km away and is the world's 14th busiest airport for
international traffic. Scheduled flights are available from over 90 airlines
worldwide. Istanbul is one of the most colourful cities in Europe and brims
with an abundance of cultural interests, shops, restaurants, bars and is
accessed by bus, car and ferry.

Astrum Towers is close to the metro line covering Asian and
European sides as well as the Ambarli Seabus Quay, so great transport links.

Why Istanbul for investment?

With the Istanbul Chamber of Commerce (ICOC) recently
reporting that interest from foreign investors in Istanbul has grown at a rapid
pace, and that overseas capital flowing into the City of Culture for 2010 has
risen year-on-year by 119%, it is little surprise that Turkey and its own star
attraction of a city has emerged from a gloomy economy with more than a few
interested property experts.

And, while Turkey’s surging economy may well be the driving force behind the
latest wave of interest in Istanbul, this is a city that is making a name for
itself off its own back too.

A PricewaterhouseCoopers (PwC) survey recently unveiled Istanbul as the most
popular location in Europe for real estate investors, and there are probably
two crucial reasons for this: tourists and business.

With a wealth of blue chip companies drawing wealthy business travellers to the
area, it is little wonder that investors are showing interest. And, much of
this interest is directing itself towards buy-to-let style hotel room arrangements,
perhaps as these cater best for the business travellers that no doubt the likes
of car giant Ford, which has a plant in the city, will be attracting.

The question now, is how sustainable is this period of
growth for Istanbul and Turkey? In truth, it is very hard to say, but with
large scale developments taking place in Istanbul and tourism numbers rising
and rising, it would appear that words like “growth” and “prosperity” will be
associated with this booming city for many years to come.

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Approximate price of this 0-Bed Flat/Apartment
€43,727 EUR | 
£34,995 GBP | 
US$54,860 USD | 

(Currency and Foreign Exchange services supplied by Excel Currencies)
Ref 1250618 
Town Istanbul 
Province Istanbul 
Country Turkey  
Type Flat/Apartment
Bathrooms
Category New Build 
Listed 173 days ago
Innovative investment strategies offering 25% annualized returns regardless of market conditions   Find out more >>


Map of Istanbul, Istanbul, Turkey


Real Estate Agent Listing this Property

Agent Knight Knox International
Listing Since 14 August 2008
Property Listings View all properties from this agent
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Towns located close to Istanbul, Turkey

  • Zeytinburnu


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Price: £34,995
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Purchase this Apartment/Flat in Istanbul for

€128p/m

(70% LTV, 5% Interest Rate, 20 years)

(Subject to status. Information given for guidance purposes only.)

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Price of Property in Istanbul, Turkey

Property Type Min Price Max Price Median Price
(All prices in EUR) Istanbul Turkey Istanbul Turkey Istanbul Turkey
Apartment/Flat 18,400 8,720 370,000 3,000,000 76,666 69,000
Studio 37,000 29,500 37,000 57,000 - 28,900
New Development 25,700 25,700 25,700 3,600,000 - 17,000

* Calculations based on 131 properties for sale in Istanbul and 1802 properties for sale in Turkey




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