Is Istanbul ripe for investment?

April 8, 2010 - PRLog -- In a market where people a wary of going out on a limb, Istanbul is starting to light up like a beacon. I know Istanbul through my monthly journey from North Cyprus to Bulgaria. I fly to Istanbul Ataturk airport and then spend up to 8 hours waiting for my 10 hour bus journey up into Bulgaria (food for another article).
Istanbul is a city that excites me, you only have to spend a small amount of time there to realise that this is one of the major hubs of the world. This city is located at the crossroads on so many journeys and is so steeped in history that no matter what 21st century development throws up; it’s always there just under the surface.
With an official population of 12 million and an unofficial count of nearer 15 million, this city teems with life. Yet it does not take long to see that this is a city in dire need of renovation and rejuvenation, and this is exactly what is happening. You only have to look at what has happened in London over the past 30 years to realise what is possible. And this is happening.
So would you invest in a property in Istanbul? What makes it a promising location for near to medium term growth? Many would say impending EU membership. I would say that no matter what happens in that sphere, Turkey is on the rise. From political influence, to pipelines, commerce and communication, it’s all happening here. With a population growing at a fast rate to fill the needs of industry, property is in short supply. Where there is a shortage of good rental property you naturally have a good market to purchase.
I went to view a new development called Tulip Turkuaz which is located in Bahcesehir/Ispartakule, 15 minutes from Ataturk Airport, 15 minutes from the ferries and the Bosphorus and 25 minutes from the financial districts of Levent and Maslak... There were several reason why I wanted to view this particular development...

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