House / Home for Sale in Istanbul | Turkey - Ref 590608
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House/Villa Description
Type: 3 bedroom Apartment
Golden Development in Istanbul ?? From £65,000
This is a fantastic Buy-2-Let Investment opportunity located within Istanbul, one of the worlds best property hotspots at present (despite the credit crunch).
The Golden development offers excellent value 2 and 3 bedroom apartments that come fully furnished and with a rental guarantee of 9.5% for 5 years.
This is the only development in Istanbul that we know of offering a rental guarantee that??s bank underwritten.
Key Features
· High specification, fully furnished apartments
· Rental Guarantee of 9.5% for 5 years (renewed thereafter)
· Great location in an up and coming area with high employment levels
· Local demand property market (i.e. not just overseas investors)
· Sabanci University is close to the development and has 3000 students and 274 faculty members
· Sabiha Airport nearby set for expansion, expected to reach the servicing levels similar to Ataturk Airport
· The government have introduced low utility rates and investment incentives icluding tax breaks
· Conservative forecast puts the annual capital growth in the region of 10% to 15% over the coming 4 years
· Modern exclusive development with balconies which is rare
· An excellent buy-2-let opportunity with real rent guarantees
· Cash flow positive with a mortgage
· Limited availability ?? Knight Knox have an exclusive allocation of the best units
Why Invest In Turkey
1. Dynamic Economy
Turkey??s economy is now the 16th largest in the world and has been identified by the US department of commerce and the World Bank as one of the ten most promising emerging economies.
This is good news for investors since Turkey is undergoing huge changes to allow for full membership of the European Union, which is anticipated in 2015. Even if this does not take place, its economy and relationships with many countries and trading partners bodes well for its long term economic growth and stability, less effected by current circumstances.
2. Low Property Prices
Property prices in Turkey are currently on a par with those of Spain during the mid 80s and Turkey therefore has been dubbed by some as the ??new Spain?. Since 1997, Spanish property prices have seen a growth of 300% (source: financial times); the currently low property prices of Turkey look set to follow this model and appreciate rapidly over the coming years. More important than this though, this project is located in the main city and powerhouse of Turkey and this is a pure investment buy-2-let proposition with positive furture growth expectations.
3. Young domestic Market
Property in Turkey has an additional appeal to investors as the country has a population of over 70 million people. Given that 70% of this massive population is below 30 in age, and the population is growing by around 2% annually, the country has a very strong local property market for residential real estate
Istanbul
This unique city, at the meeting point of Europe and Asia, located on both sides of the Bosphorus (Istanbul Strait) is often described as the bridge connecting East and West.
Istanbul is a city of synthesis, which is realised in an atmosphere of tolerance through the uniting of East and West on a wide range of areas of culture, art and religion, at the borders of two separate continents. The former capital of three successive empires; Roman, Byzantine and Ottoman, Istanbul today honours and preserves the legacy of its past while looking forward to a modern future.
Location Of The Development
Located in the area of Sekerpinar-Gebze, which is approx 40km away from Istanbul city centre, 10km away from Sabiha Gokcen International Airport and 35km from Eskihisar harbour. The suberb has a high level of employment
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€144,543 | £120,000 | US$191,867 (Currency and Foreign Exchange services supplied by  )
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| Type |
House / Home |
| Bedrooms |
3 |
| Category |
Re-Sale |
| Listed |
over 1 year ago |
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Map of Istanbul, Istanbul, Turkey
Real Estate Agent Listing this Property
Towns located close to Istanbul, Turkey
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Price: 120,000
Latest Property News in Turkey
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Price of Property in Istanbul, Turkey
| (All prices in EUR) |
Istanbul |
Istanbul |
Istanbul |
| Apartment/Flat |
18,400 |
8,720 |
370,000 |
3,000,000 |
76,666 |
69,000 |
| Studio |
19,900 |
18,900 |
37,500 |
57,000 |
- |
28,900 |
| New Development |
25,700 |
25,700 |
25,700 |
3,600,000 |
- |
17,000 |
* Calculations based on 83 properties for sale in Istanbul and 1724 properties for sale in Turkey |
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