Overseas Investor buys a new apartment in Istanbul as a buy-to-let investment in Turkey
A Kuwait based investor , Mr Alwathiqe purchased a 75.000 Usd newly built residence 1 bedroom apartment with balcony in a large development with on-site facilities in 2014. The apartment was easily rented out providing a good monthly income .Since then the monthly rent rates rise by 10% annually still the property is quickly rented out due to requirement of young people in this area. The properties value has also increased by 38% in last 2 years if Mr Alwathique wants to sell in the future he can gain in profit , or keep benefitting from the monthly rental income .
Istanbul property market stable for by overseas Investors
We were approached by an American citizen David living and working for a large Dubai business for his future he wanted to purchase a property in Istanbul both to use for his self when visiting Turkey and also to let out to other likewise business city minded people. David got in contact with us to ask about the options of Hotel serviced apartments . We were able to provide him with a good selection of properties from these he visited us here in Istanbul and made the perfect property purchase for his needs . David now visits Istanbul at least once a year with the benefits of his property being taken care for and being let out with the on-site Management services he required .
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