How Istanbul Apartments Can Raise Your Profits Istanbul has continued its economic growth even as some of the developed nations around the globe continue to be troubled with economic crises. The Gross Domestic Product in the last five years has averaged at seven point five percent per annum. In addition the continued economic developed has improved the affluence of the population making Istanbul real estate for sale properties in high demand. Even as the city witnesses numerous developers constructing new properties, the demand for excellent properties continue to be higher than the supply. Several large companies like Bosch, Shell, and Vodafone have presence in Turkey. Istanbul is also home to world renowned corporations like the US car manufacturing company Ford. These companies bring prestige and status to the city while also increasing the number of business visitors to this destination. This in turn increases the demand for suitable staying options of a high quality and for commercial premises. Moreover, the city also has a large number of tourists who visit every year because of the rich cultural heritage associated with Istanbul. All these factors drive the demand for apartments in Istanbul. Millions of people arrive at the Istanbul International airport, which is one the busiest in the entire country. In addition, the city has been awarded the prestigious Capital of Culture Award in 2010, which has been boosted view of the city being rich in cultural heritage. Moreover, a larger portion of the total population is young that boosts the robust economic growth of this city. Turkey is one of the quickest economies to have overcome the economic recession especially when compared with many other European countries. These positive factors have been important for PriceWaterhouseCoopers offering Istanbul the rating of being the first city for development. All these factors have played an important role in the increase in the demand for Istanbul flats for sale. The city has since large price corrections since the 2005 boom with the prices for Istanbul apartments being very low. The growing mortgage industry provides an easy option for investors to exit their investments, which reduces their risk exposure. The local young population and the increase in the number of talented single workers moving into the city have increased the demand for rental properties. This provides real estate investors an excellent opportunity to increase the income earned on their investments, which has been an instrumental factor in driving the demand for appropriate properties. The rental prices in the city have increased over the last few years and this trend is expected to continue over the future. The various factors mentioned above are increasing the number of visitors to this city every year providing investors the chance to earn higher returns. Many Istanbul flats investors offer their apartments for short term vacation rentals to the tourists. Investors are advised to be prudent in the choice for location while searching for investment properties. A large number of builders are developing different types of apartments to match the different budgets of the investors. You should take assistance of a local knowledgeable person who can help you find the most appropriate property, which yields fairly decent returns on the investments.
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