Life Studio, Istanbul, Turkey
Only £14,318 now and the balance due December 2009
The prospects for the Istanbul property market look good - especially if Turkey gets the go-ahead to join the EU. The country has enjoyed one of the world's best productivity growth-rates of the past decade; the median age of its population is 22, meaning that most people will be of working age for decades to come, inflation is at its lowest since the mid-1970s and foreign investment is at its highest level ever.
- All furniture, kitchen appliances and air conditioning units included
- High potential rental yields - ideal for business rentals
- High potential capital appreciation
- Mortgages available
- Istanbul currently experiencing an economic boom
- Close to various shopping centers and retail outlets
Prices from: £36,000
Location
Life Studio is located in a prime position in the suburb of Beylikduzu in Istanbul and enjoys a wide range of social and shopping facilities. The development is aimed at young, professional local people aspiring to own their own homes or who wish to rent in a desirable area. The developer, Coldwell Banker, has a good track record giving added security.
The development is easily accessible being located near the Esenyurt-Ambarli connection road, the TEM highway and 20 kilometres from Atatürk International Airport. It is close to the nearby seaside town of Büyükçekmece which is a popular area for family daytrips and week-end breaks. The busy and vibrant city of Istanbul with its busy markets and lively shops is only a few minutes away.
‘Istanbul will be the rising star of the next decade.’
Price Waterhouse Coopers
Facilities
- Reception
- Concierge service
- Security
- Fitness centre
- Spa and sauna
- Modern landscape
- Social area
- Maintenance services
Reasons to buy
- Low cost airline destination
- Price Waterhouse Coopers and Goldman Sachs have identified Istanbul as one of the property hotspots of 2008 with predicted capital growth of between 40% and 50%
- Changes to the mortgage regulations for January 2008 will allow overseas investors to obtain Turkish mortgages
- Istanbul is designated for European Capital of Culture for 2010
- Istanbul has a population of approximately 12 million with 700,000 new residents arriving every year
- Stable economy
- Turkish government working hard to meet criteria to join EU
- Government claims that there is a current shortfall of two million housing units across Istanbul
- The UK's Royal Institution of Chartered Surveyors (RICS), which monitors housing markets across the world, says Turkey's improving general economic performance bodes well for property investors seeking long-term returns from buying in Istanbul.
‘The number of Turkish billionaires is a testament to a remarkable change. Istanbul is again enjoying the commercial importance that made it the centre of empires for centuries. A capitalist boom in recent years has attracted a flood of foreign investment. Property prices have doubled, and in some areas tripled, in dollar terms over the past five years.
Glitzy shopping malls selling luxury goods have proliferated. The business district has been transformed by shiny new skyscrapers.
The Sunday Times
Payment Plan I
40% On signing contract
60% On completion (delivery date circa December 2009)
Payment Plan II
Cash purchase – 10% discount
90% On contract – of discounted price
10% On completion (delivery date circa December 2009)
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‘I have been impressed by the professional approach of Emerging Real Estate and would have no hesitation in recommending them to anyone wishing to purchase in Bansko.’
Dr Richard A Stacey
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