Incredible istanbul soaring

Residential developments in Istanbul are producing incredible capital gains, claims one company…

Demand from foreign investors to secure off-plan residential properties in Istanbul continues despite the slight decrease in local demand in 2007 compared to the previous two years. Some brand name residential developments in Istanbul have produced capital gains of over 100 percent between 2005 and 2007.

"Two important factors affecting the project choice decisions of most foreign investors are the credentials and trustworthiness of the developer and the right timing.

“Getting in during the first phase or early enough to maximize profits is crucial. Job growth, affordability and quality of life are major factors affecting the location choice," said Erkan Akman, the marketing director of Oypro.