Launch of New Development of Apartments in Istanbul Offering 7.25% Rental Guarantee Per Year
Istanbul has emerged as an international investment hotspot, seeing a 27% rise in foreign investment this year. The successful tourism industry as well as financial and banking sectors has drawn a growing number of people to the city for leisure and business, to live and work, making Istanbul the fastest growing city in Europe.
This has led to a shortage of quality 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 market place.
In recent years Istanbul has become an international investment hotspot, experiencing a 27% rise in foreign investment this year according to the city’s chamber of commerce. Turkey’s flourishing financial and banking sectors, as well as its growing tourism industry, have led to a trend of investment in apartments in Istanbul.
Istanbul’s quick growth, as well as a growing emerging middle class, has seen current demand for new homes in the city reach unprecedented levels. According to the Real Estate Investment Trust Association, it is calculated 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 quickest growing city has undergone rapid growth -some 400,000 new inhabitants arrive each year to study or work and now the existing housing supply has hit 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 investors.
Built to meet the requirements of the growing affluent rental market in Istanbul, Richmond House II is a brand new development located in one of Istanbul’s most burgeoning districts.
“Richmond House II provides a low 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 good rental returns and strong capital growth.”
Integrating cutting-edge architectural design and modern interiors, Richmond House II will feature a range of studio, 1 and 2 bedroom apartments with first class facilities all within the 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% loan to value finance available for the balance due on completion.
The Istanbul apartments are secured with a 7.25% three year protected rental guarantee and comparable projects have demonstrated up to 30% price lift during construction.
For more information about apartments in Istanbul or a range of Istanbul investment property ask Experience International call 0207 321 5858 or visit www.apartmentsinistanbul.org/exclusive.html
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