Istanbul: A 2011 Property Investment Hot Spot

Turkey remains a great place for overseas property investors to buy, particularly in the capital city of Istanbul.

In January alone, according to the Turkish Culture and Tourism Ministry, Istanbul saw a 28.5 pc increase in the number of tourists visiting the city – meaning many foreign property investors are keenly watching the local property market.

The was a large mix in the tourists visiting – Germans topped the list followed by Russia, Italy, Iran, the UK and the US. With new international airport already in the pipeline, it is unsurprising that many real estate investors are contemplating Turkey for their property portfolios.

Many experts are predicting that property prices in Istanbul could double over the next few years meaning an excellent return on investment. With the increasing numbers of tourists also visiting the city plus an influx of economic migrants, rental demand in Istanbul remains strong thus providing good income.

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