Worldway Group has learned that the 2019 'Global Living Report' recently released by CBRE has garnered significant attention. The report surveyed property prices and rental rates in numerous famous cities worldwide, with Istanbul, Turkey's largest city, showing remarkable performance.
Istanbul's property price growth ranked in the global top 10 last year
Istanbul ranked 12th globally for average luxury residential prices
Istanbul ranked 18th globally for rental growth last year
Istanbul ranked 29th globally for average monthly rent, higher than major cities such as Beijing, Shanghai, and Shenzhen in China, as well as Kuala Lumpur, Bangkok, and Ho Chi Minh City in Southeast Asia!
Global property price growth: Top 10 cities
Luxury residential (left), average rental price (middle), rental growth (right)
Worldway experts state that the release of the 2019 global city property price and rental report indicates that Istanbul's property market possesses immense growth potential compared to other cities worldwide. For investors, purchasing property in romantic Turkey is an excellent investment choice!
Istanbul's Unique Geographical Advantages
Istanbul is a renowned international city and the only city in the world that spans both Europe and Asia, as well as one of the three major tourist cities in Europe! The Bosphorus Strait divides the city in two, while three cross-sea bridges tightly connect the European and Asian parts. Such a unique geographical location has made Istanbul a historic city.
In addition to its profound historical and cultural heritage, Istanbul also radiates youthful vitality. It is Turkey's financial center, an important land and maritime trade hub for Europe and Asia, and the 6th most attractive market in Europe. Countless ships enter and exit the port of Istanbul every day. The world's largest international airport (the new Istanbul Airport) was put into operation last October, offering direct flights from Istanbul to over 110 countries and regions. Its unique geographical advantage is incomparable!
New Investment Opportunities in Istanbul
In recent years, amidst the rapid development of Turkey's economy, the real estate industry has maintained a strong growth momentum and is one of the key drivers of Turkey's economic growth. Over the past five years, Turkey's real estate market has continued to grow rapidly.
In 2018, 40,004 residential properties were sold to foreigners in Turkey, and in the first two months of 2019, sales volume increased by 87% compared to the same period last year. Istanbul is one of the primary destinations for foreigners purchasing property in Turkey. In 2018, 14,270 residential properties in Istanbul were sold to foreigners, and industry experts predict that this number will double in the next three years, reaching 30,000 per year.
Meanwhile, between 2010 and 2017, property prices in Turkey continued to rise, with the national average property price increasing by 2.5 times, while Istanbul saw a 3-fold increase!
Worldway experts state that under the favorable momentum of Turkey's booming and steadily growing economy, now is an excellent investment opportunity. Investors should seize this historic opportunity, and the Turkey citizenship-by-investment program is one of the best ways to enter the market!
Currently, through the Turkey citizenship-by-investment program, investors only need to invest at least $250,000 in real estate to quickly obtain Turkish passports for their entire family. They can also participate in the Turkish real estate investment market, achieving both substantial investment returns and a G20 country Turkish citizenship passport—two goals achieved at once.
Garden Apartments in the Core Area of Istanbul
Leased by a large, independent third-party multinational professional rental company
3-year guaranteed rental, substantial returns
Managed by a professional company, eliminating the hassles of vacancy, rent collection, and maintenance
Secure rental income while enjoying the dividends of property appreciation
Obtain Turkish passports for the whole family simultaneously
Gain both investment and status
The Garden Apartments project in the core area of Istanbul is selected in the super-core Beyoğlu European embassy district of Istanbul, the largest city in Europe. It is located along the coast of the Sea of Marmara, the only maritime traffic throat guarding the Mediterranean and the Black Sea, and is situated on the other side of the Golden Horn, the most prosperous tourist destination in Istanbul! It is a primary radiation potential investment area for the current key Turkish project, the Galataport construction. With its superior geographical location, it is an excellent choice for investment!
The project location has highly developed transportation
The area surrounding the project is densely packed with stations and subway stops, allowing convenient access to all parts of Istanbul, making transportation very convenient. The project is surrounded by various transportation routes, including subways, trams, cross-sea railways, undersea tunnels, cable cars, Metrobus, car ferries, double-decker sightseeing buses, and taxis, offering a highly diverse range of travel options.
Surrounding facilities are complete, and the environment is safe and comfortable
The project is surrounded by schools, embassies, museums, and palaces, with a stable resident population, making it very safe. Numerous ancient European buildings are preserved along the streets, and various restaurants, cafes, and art galleries are within walking distance. The living environment is elegant with a rich artistic atmosphere.
Asset allocation, status first! The high-cost-performance Turkey property investment immigration project will surely attract many investors from around the world, and a wave of capital investment in Turkey is bound to arrive! Seize the opportunity to invest in Turkey and obtain a passport for Turkey, an EU candidate country. For details, please consult: 400-138-2929