Istanbul stands out from the crowd as providing the investment property opportunities in Europe offering low risk and growth. Previous investors in Istanbul property have seen a rise of 42 percent since February this past year and those lucky enough to have purchased in Istanbul three years ago reaped rewards of up to 85 percent on both commercial and residential property, with both markets that offer excellent returns. Price Waterhouse Coopers and the Urban Land Institute ULI called Istanbul property as Europe’s top performing market for overall growth and for funding returns this past year. The reasons behind the increase of the investment market in Istanbul are based on solid facts of supply and demand, population growth and access to finance, i.e. real social variables rather than the speculative things which are so frequently given for several other property markets.
Istanbul is an ancient and now and city, 15 million people are currently attempting to reside in a space built to hold a fraction of the number. The government has instituted plans to revolutionize how people reside in and move around town. The trick to this is that the creation of two important new overflow suburbs, one built to the West around Bahcesehir, the next to the South around the Kurtkoy or Pendik region. Major new transport Paths are connecting these outlying suburbs into the rest of the city and it is these regions that the government foresees as getting the near future residential heartlands of town and where investing in Istanbul property will cover the biggest premiums. Plans include increasing the amount of water taxis up the Bosporus. Sectors of society are moving to those satellite districts that provide a lifestyle with their roads, parks and leisure facilities from the city center. These are areas desirable from the wealthy class masses.
Istanbul won the European City of Culture 2010 – for Liverpool this represented hash 2 billion of investment in tourism and cultural infrastructure, 14,000 new jobs and an additional hash 220 million spent by tourists around and beyond 2008 and it is predicted that a similar result will be observed in Istanbul. Turkey has experienced Expansion for 22 consecutive quarters because of direct investment. Istanbul property market growing and resilient economy has resulted in a growth in franchises like Starbucks and the development of shopping malls. It is projected that overall growth in the marketplace for property in Istanbul during 2008 would not be less than 20 percent. Foreign direct Investment topped 20 billion and has doubled with investment in the Banking, Telecoms and Construction sectors. Housing on the Istanbul property market in suburbs tends to come in an era that paid little attention to infrastructure and quality. Istanbul is an urban jungle with little parking space and has the lowest ratio of green area per head of population of any town.