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So where is this property boom? It's Istanbul, Turkey. Figures show that foreign direct investment into the country has increased by 27% this year. In fact, Turkey is now outpacing China as the world's fastest-growing economy. All of which makes Istanbul one of the world's top property hot-spots right now.
Even more intriguingly, Istanbul has an annual need for residential property in the region of 250,000 units. The Turkish authorities report that supply might not even reach 180,000 units this year. As you know, when supply fails to meet demand…up go the prices.
That's why you should move quickly to secure your own slice of Turkish real estate at Sport City, Istanbul. The first phase of 300 one, two and three-bedroom apartments is completed; the second should be ready by summer 2012.
These superbly appointed apartments are located in the rapidly developing and popular suburb of Beylikduzu. This is a spacious setting, with amenities that include swimming pool, underground car parking, relaxation and sport areas.
Prices for a one-bed apartment start at just £50,000. For a two-bed, it's just £58,000 and for a three-bed, you'll pay around £89,000.
Not only is a fantastic five-year return on your money likely for investors, but Sport City promises great rental income opportunities too. Remember, the financial and tourism sectors are flourishing in Turkey and young professionals are flooding into the city. It's a dynamic young economy with an impressive 15%+ annual growth rate.
Sport City is designed for modern city life. These apartments are built with the latest high-quality materials and come with radian foundations, external wall insulation, sound and heating insulation and twin elevators.
With six blocks of apartments on a maximum of ten floors, Sport City's occupant-to-facilities ratio is one of the best in the area. This is a development built with quality of life, space and leisure facilities in mind.
It's a fine location, too. You'll find Sport City close to the main Istanbul E5 ring road and the Trans-European Motorway. It's also just 100 metres from the new Metro. Shopping malls (Istanbul Outlet, Beylicium and Migros) and hospitals (Medicana, Acibadem) are convenient, as are the popular Fatih and Beykent Education Colleges.
So, whether it's rental returns you're after or a medium to long-term property investment, Sport City is the perfect choice.
Investing at Sport City is as easy as 1-2-3. This is all you have to do:
Sport City is an exciting development with great on-site amenities. This is a carefully selected development in keeping with Colordarcy's 'property that pays for itself' ethos. Sport City comes with a high build quality and is excellently located. The best units are selling fast.
“My wife and I are looking to build a portfolio of city centre apartments in top cities around the world. We missed out on London and NYC, but we see Istanbul as the next big thing. Thank you for assisting us with our first Istanbul buy-to-let investment. Your all round service, legal and management program is excellent.”
Patrick and Lorna Saunders, United Kingdom – invested in Istanbul, Turkey
“I am an experienced investor who has bought 40 properties over the last 15 years. I can say that all the fundamentals in Turkey look very strong. This is my fourth purchase with Colordarcy in the last 2 years. I have been well looked after, I now only use Colordarcy to buy my properties for me. Nothing is ever too much for them and they actually go and see the property they are selling which my previous company did not do.”
Mohammed Al Futaim, Dubai – invested in Istanbul, Turkey
“Thank you Maureen for helping me to purchase in Istanbul and Bodrum. My company is now up and running – the lawyer put everything together very quickly.”
Ahmed Abdulla, Saudi Arabia – invested in Istanbul and Bodrum, Turkey
“This is the first time that I have bought a property outside of Norway. I was a little nervous, however when I spoke with my Portfolio Consultant Darren, he explained all the things I did not understand, like military clearance, the TAPU and Dask insurance. I am now the very proud owner of a 3 Bedroom Villa in Fethiye with sea views. Thanks Darren.”
Christian Egeland, Norway – invested in Fethiye, Turkey
“I bought in Akbuk. I can see how quickly property prices are growing in Turkey, because I have been travelling there for 10 years now. I have to say that the Colordarcy experience was incredible. Right from the initial chat, then the viewing trip and through to the purchase process they made sure I was dealt with professionally. Will recommend to my friends and family.”
Elisabeth Stevens, Sweden – invested in Akbuk, Turkey
“I bought Istanbul property because this will be a very big opportunity for me to establish a portfolio of properties. I believe I will make big growth within 5 years.”
Ismail Salem, Jordan – invested in Istanbul, Turkey
“I have invested with Colordarcy for a few years now and have bought several properties from them in different countries. Turkey is now my next big adventure as I can see that there is 500,000 housing deficit and no one can build that fast to make up this deficit, so demand will be stronger than supply and usually brings big capital growth. Thank you.”
Andrey Orlov, Russia – invested in Istanbul, Turkey
Now is the time to beat the crowds and grab your own slice of the world's fastest-growing economy.
For more information and to receive your “FREE Sport City Brochure,” please Call +44 (0) 207 100 2393 or Email us Today.
Kind regards
Loxley McKenzie
Managing Director
P.S. Remember that demand is outstripping supply in Istanbul. In this situation, smart investors know that quickly is the only way to move. Act today to secure your investment at Sport City.
Currency Disclaimer: Sterling, Euro and US Dollar guide prices are liable to currency fluctuations
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