Istanbul has emerged as an international investment hotspot, with a 27% rise in foreign investment this year. The thriving tourism industry and financial and banking sectors has drawn a growing number of people to Istanbul for business and leisure, to work and live, making Istanbul Europe’s fastest growing city.
This has led to a shortage of good accommodation and massive demand for homes and apartments in Istanbul and therefore and increase in Istanbul property investment opportunities. This is why Experience International has just launched Richmond House 2 to the international investor audience.
In recent years Istanbul has emerged as an international investment hotspot, experiencing a 27% rise in foreign investment in 2011 according to the city’s chamber of commerce. Turkey’s flourishing banking and financial sectors, as well as its successful tourism industry, have resulted in a surge in investment in Istanbul apartments.
Istanbul’s quick growth, as well as an increasing middle class, has seen demand for new homes in Istanbul reach unprecedented levels. According to the Real Estate Investment Trust Association, it is calculated that 250,000 new homes per annum are required until at least 2015 to satisfy current demand.
The success of Istanbul’s property market is basically ‘supply and demand’. Europe’s quickest growing city has had rapid growth -around 400,000 new inhabitants arrive each year to work or study and now the current housing stock has reached capacity with demand increasingly outstripping the available supply.
Experience International has just launched an exclusive new development, Richmond House II, luxury apartments in Istanbul. Experience International are the only agent who can exclusively offer 18 luxury penthouse suites in the development to property investors.
Designed to satisfy the requirements of the growing discerning rental market in Istanbul, Richmond House II is a top quality new development located in one of Istanbul’s most burgeoning districts.
“Richmond House II provides an affordable entry level into one of the quickest growing cities in the world and delivers investors with a provable income stream and demonstrable exit strategy – the local market,” Steve Worboys, Managing Director of Experience International states. “We’re pleased to exclusively offer 18 luxury apartments in Istanbul to our members, offering high rental returns and strong capital appreciation.”
Integrating state of the art architectural design and modern interiors, Richmond House II will include a selection of studio, 1 and 2 bedroom apartments with excellent facilities all set within a private gated community including roof top swimming pool.
Pre launch prices for a 1 bedroom penthouse suite located on the 14th floor begin at £56,000 allowing clients to invest from £20,680 based on 30% deposit and legal fees to exchange. This Istanbul property investment is packaged to become increasingly profitable with 70% LTV finance available for the balance due on completion.
The Istanbul apartments come with a 7.25% three year protected rental guarantee and similar developments have shown up to 30% price increase during construction.
For additional details about apartments in Istanbul or a range of Istanbul investment property ask Experience International on 0207 321 5858 or visit www.apartmentsinistanbul.org/exclusive.html