Istanbul has emerged as an international investment hotspot, seeing a 27% rise in foreign investment in 2011. The successful tourism industry and banking and financial sectors has drawn a growing number of people to Istanbul for leisure and business, to work and live, making Istanbul the fastest growing city in Europe.
This has led to a shortage of good accommodation and huge demand for homes and apartments in Istanbul and therefore and increase in Istanbul property investment opportunities. This is why Experience International has 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 successful banking and financial sectors, as well as its growing tourism industry, have resulted in a surge in investment in Istanbul apartments.
Istanbul’s fast 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 estimated that 250,000 new homes per annum are required until 2015 at least to meet existing demand.
The success of Istanbul’s property market is basically ‘supply and demand’. Europe’s fastest growing city has seen rapid growth -some 400,000 new inhabitants arrive each year to work or study and now the existing housing supply has arrive at capacity with demand progressively 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.
Built to meet the requirements of the growing affluent 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 a low entry level into one of the fastest 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 clients, offering high rental returns and strong capital appreciation.”
Integrating state of the art architectural design and modern interiors, Richmond House II will feature a selection of studio, 1 and 2 bedroom apartments with first class 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 start from £56,000 allowing clients to invest from £20,680 based on 30% deposit and legal fees to exchange. This Istanbul property investment is set to be very attractive 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 comparable developments have shown up to 30% price lift during the build.
For additional information 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
Tags: apartments in Istanbul, investment, istanbul, Istanbul property, luxury new developments, new completed apartments in istanbul, new insvenment in istanbul, richmond house II istanbul, richmond house istanbul, top+real+estate+in+istanbul
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