This week see’s the release of this year’s most anticipated film, Skyfall, apparently the best Bond film ever made. Those with an eagle eye will immediately spot that the chosen location for a number of scenes is the Turkish capital, Istanbul.
Article written by The Overseas Guides Company
On top of this, Taken 2, released earlier this year was set entirely in the city. It’s not only the eyes of Hollywood that are focused in Istanbul; savvy investors are also looking to invest in the ever-growing city.
Today, the TurkishBuyingGuide.com spoke to Julian Walker of Spot Blue, a leading Turkish property agent, who was happy to outline exactly why Istanbul is such a hotspot for property investment…
“When you compare the economies of the world markets, Turkey is doing incredibly well. Istanbul has a young population, a huge amount of resources and a growing economy. It is a city showing a lot of promise and for this reason; it is attracting a lot of investment. As other economies remain stagnant, Turkey is moving forward, leapfrogging those nations which are standing still”.
Julian continued: “Recent law changes have made it significantly easier for people from wealthy nations to invest in the country and this is attracting a lot of investment capital. There has also been an increase in the number of flights flying in to the city from across Europe and the Middle East which means that it is easier to visit for holidays and on business. Turkish flagship carrier, Turkish Airlines, has just launched a new flight linking Istanbul to Dubai’s International Airport”.
“On top of this, inflation has fallen in the past few years and low incomes and a predominantly cash-dominated economy has kept property prices low, for now. We are seeing prices start to creep up which indicates that the country’s economy is only going to go from strength to strength”.
With this is mind, the TurkeyBuyingGuide.com takes a look for an example of the type of property that you can get your hands on in the city. An unfurnished, one bedroom investment apartment 10 minutes from the airport and 15 minutes from the sea with a communal swimming pool will set you back just £40,642.
For details of more property for sale in Turkey, visit the Turkey listings on Rightmove Overseas. One way to save money when buying or living in Turkey is to use a currency specialist when transferring your pounds into lira or euros. For more information on this, contact Smart Currency Exchange or visit the Currency Zone.
To understand the full step-by-step process to buying a property in Turkey, collect The Overseas Guides Company’s ‘Turkey Property Buying Guide’
The views and comments herein are those of the author and do not necessarily reflect the views or opinions of Rightmove Overseas, Rightmove Group Ltd or Rightmove Plc