Overseas Property Blog :: guide to international real estate investment

Posts Tagged ‘istanbul property market’

Cash Is King In Istanbul

istanbul-turkey-Blue-Mosque-Sultanahmet-Park-Istanbul.

If cash is in your pocket then Turkey’s Istanbul might be the place to look for a new home. Thousands of British, German and Middle East expats flock to Turkey as the global economy has created some sort of property meltdown with dropping values, opening opportunities for those who still can – pay that is.

 

Property Grand Prix – Istanbul

Judging by this years Formula 1 events so far, the boys in red are in top form with yet another win over the weekend in Istanbul.

Felipe Massa won his second race this year, out of 5 races so far and Kimi Raikkonen collected another 6 points for his team coming third. While Lewis Hamilton was forced to deal with a three stop tyre change due to last years dramatic tyre failure during the Turkey Grand Prix, it made it hard for him to beat the red team fair and square, but he still took home second place which is considerably impressive given his extra stop.

Kimi Raikkonen had his own fair share of action when he and his compatriot Keikki Kovalainen had a run in on the very first corner. It resulted in a tyre puncture for Kovalainen and a broken front wing for Raikkonen which he carried all the way through the race.

The end result was another clear win for Ferrari:

  1. Felipe Massa (Ferrari)
  2. Lewis Hamilton (McLaren-Mercedes)
  3. Kimi Raikkonen (Ferrari)

If you missed out on our former property grand prix posts, here they are again.

The Istanbul property front is sizzling hot!

As you probably know by now, the ban on foreign property investment in Turkey has now been lifted which will allow investors to see Turkey as a real playing field again.

With an estimated tourism influx of some 28 million this year, the property market in Turkey is considered very favourable amongst investors and Realtors alike.