The area in Turkey that offers developers the best options to invest in property is Istanbul, a Pricewaterhousecoopers survey has claimed.
Investors who were questioned for the study said the largest city in Turkey offered good development and acquisition opportunities and was also a top location for existing investments.
A population that is increasing in size and affluence has seen Istanbul’s mortgage market grow, with undervalued properties failing to react quickly to the changes.
This combination of factors makes it a prime area for international property development.
Turkish cities Izmir and Antalya have also experienced the same boost in wealth and population numbers, providing an alternative to Istanbul but still offering developers the chance of seeing a good return.
Copyright © Press Association 2011
via Assetz® News – Developers choose Istanbul market.