Istanbul property 'will outperform real estate in London'
By Steve Binge

Istanbul property 'will outperform real estate in London'

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Istanbul is likely to experience stronger capital and rental growth in 2012 than London.

Colordarcy, a property investment firm, has highlighted the advantages of buying real estate in Turkey rather than opting for assets in the UK's largest city.

The organisation stressed the fact that rental growth in London appears to be slowing, citing figures from the Financial Times indicating net yields on properties in sought-after locations stand at approximately 5.5 per cent.

In comparison, yields of 8.5 per cent are achievable on Istanbul's prime real estate, while the cost of buying a home in the Turkish city is less than half of what it is in the British capital.

Property price growth of 15 per cent or more is anticipated in Istanbul this year, meaning it will match or beat the figure recorded in 2011, the firm asserted.

Knight Frank recently ranked Turkey in seventh position in its Global House Price Index, revealing the value of real estate in the nation as a whole climbed by 7.7 per cent over the course of last year.

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