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Old 05-09-2007, 09:42 PM
Azure Azure is offline
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Join Date: Jun 2007
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Hi Emanuele,

I agree Istanbul has great investment potential. Growing population and economic growth has lead to high price rises in recent years. Also locals are involved in the property market which means you have a resell market and exit strategy. Mortgages are introduced early next year so now would be an ideal time to purchase off-plan property.

As you may know parts of Istanbul are very affluent but it is still possible to purchase off-plan property for prices that are lower than many Eastern European cities where there is no exit strategy yet and yields can be low.

I've purchased two 1-bed flats in the most central location possible to maximise rental/resell in a few years. It's a City of 15 Million and growing so I'm confident of making a profit.
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