2 Bed House / Home for Sale in Istanbul (Turkey)
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€68,571 | £63,000 | US$100,594 (Approximate currency conversions supplied by  )
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| Ref |
590615 |
| Town |
Istanbul |
| Region |
Istanbul |
| Type |
House/Villa |
| Bedrooms |
2 |
| Category |
Re-Sale |
| Listed |
267 days ago |
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Commercial land with "Preferred Resale Program" offering 41% guaranteed ROI
Find out more >> |
House/Villa Description
Type: 2 bedroom Apartment
This development is located in Beylükdüzü and consists of two blocks surrounded by green area which is more than 65%.
With a view that will never be blocked, the Project has 229 apartments, being one and two apartments with garden or terrace options.
It is now possible to become one of the 229 lucky property owners if you also wish to forget the hustle and bustle of the big city, and make the most of it instead.
OVERVIEW
An impressive new project in the Beylikdüzü area of Istanbul, offering distinguishing
Technological advancements to create a new standard of residential comfort
· Low purchasing costs
· Established developer
· European location
LOCATION
Beylikdüzü is a seaside town, 30 km from the city centre, with big ambitions in terms of economy, tourism and culture.
10km to Istanbul airport, Close to the Trade Centre, Near five major universities, Good connections with the main highways, 5km to the coast with a European Blue Flag beach and modern water park connection to the city centre by bus, ferry and road, Large â??Carrefourâ?? shopping centre (Haramidere) only a short distance from the development and
close to golf courses.
The Investment:
· Outstanding Rental Yields: 7% net rental return for 5 years based on the initial purchase price
· Investor Security: Apart from the guaranteed rental investment, clients are buying into a freehold project constructed by a developer that is a public listed Turkish company, with many years of experience and a solid track record in construction throughout Turkey and overseas.
· Minimal Tax Liability: By investing in Turkey you benefit from no Capital Gains Tax, no Inheritance Tax and no VAT. The only tax you will need to pay is an annual Government Real Estate Tax. This situation enables you to truly benefit from rental yields and the high capital appreciation.
· Finance Available: A fixed rate mortgage is available for up to 60% of the purchase price, and is not subject to status.
The Facts
· Istanbul has been touted by Price Waterhouse Coopers and Goldman Sachs as one of the property hotspots of 2007 with realistic figures of 40 to 50% capital growth expected.
· Changes to the mortgage law allows overseas investors to obtain Turkish mortgages
· Turkey is continuing itâ??s endeavours to become part of the EU
· Istanbul is designated for European Capital of Culture for 2010
· Population of 12 million with 700,000 new residents arriving in the city every year
· Government claims that there is a current shortfall of 2 million housing units across Istanbul
· Low cost airline destination
ISTANBUL FACTS AT A GLANCE
· The population of the metropolitan area including the city and some of its suburbs is approximately 11.5 million.
· Average annual capital growth of 30%
· PricewaterhouseCoopers and the Urban Land Institute have officially named Istanbul as the second best place to invest in property, behind Moscow.
· Forbes, in the US, says Istanbul has the fourth highest number of billionaires in the world.
· Global Property Guide says city-centre residential rents in Istanbul range from $1,850 per Sqm to $2,500 per Sqm, giving yields of 6.32%-7.58%
· Global Property Guide says rental yields in the suburbs range from 6.5% to 8.8%
EVV�°VA RES�°DENCE
· 10km from Istanbul International Airport
· Being built by a major Turkish Holding Company
· Fully licensed and all build permits have been issued
· Freehold property
· Guaranteed net rental of 7% for 5 years bank supported
· Developer will manage re-sales
· 60%
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Towns located close to Istanbul, Turkey
| • No other towns listed as being close to this town |
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Price of Property in Istanbul, Turkey
| (All prices in EUR) |
Istanbul |
Istanbul |
Istanbul |
| Apartment/Flat |
33,300 |
55 |
107,450 |
350,000 |
76,666 |
69,000 |
| House/Villa |
1,999 |
1,999 |
120,000 |
2,750,000 |
- |
130,000 |
* Calculations based on 12 properties for sale in Istanbul and 589 properties for sale in Turkey |
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