Istanbul is being hailed as the best European hotspot for investment after property investors saw a 42 per cent growth since February 2007.
It has been named the best performing location in Europe by PricewaterhouseCoopers and the Urban Land Institute, according to Hot Property Turkey.
Supply and demand, population growth and availability of finances are being given as reasons for the healthy investment climate there.
Istanbul suffers from severe population congestion and many new suburbs are being built to cope with the demand, the website stated.
It added that there are also new transport routes being developed to join the suburbs to the city centre, while some of these developments have guaranteed price increases of 35 per cent or more.
In related news, those buying property in Bodrum have been said to have no worries about healthcare.
Dominic Whiting, editor of the Buying in Turkey property guide, told Property Wire that the quality of care there "is equal and in many cases far superior to that available in the UK".
