Istanbul ’set to buy-to-let explosion’
Istanbul ’set to buy-to-let explosion’
With the number of visitors to Istanbul increasing, it is expected that more investors will take advantage of Turkey’s expanding buy-to-let market.
State Airport Authority figures show that the number of passengers at the Sabiha Gokcen Airport, Istanbul, increased by 27.3% in January, with the city’s Ataturk Airport witnessing a 4.9% rise.
Rising passenger numbers are likely to have an effect on the property market in Istanbul, with more prospective buyers looking to purchase an investment in the popular region.
Istanbul, which had recently been named the most popular city in Europe for people investing in real estate by PricewaterhouseCoopers (PwC), is expected to find more interested buyers flocking to its property market.
The PwC survey put London and Munich in its top three investor destinations.
Copyright Press Association 2011
February 13, 2011 No Comments
East London property ’set for Olympic boost’
East London property ’set for Olympic boost’
East London will see its property prices rise faster than those in the rest of the capital in the near future, due to the Olympics, it has been predicted.
Speaking two years before the start date for the 2012 games, franchisee of the Stratford office at Winkworth Richard Everitt said new transport links and other factors will help increase demand for property in the area near the Olympic Park.
“We have got Westfield [Stratford City shopping centre] opening up in 2011 and that will be producing 18,000 jobs,” he noted, adding that the Olympics themselves and Crossrail will also help demand.
The best transport links in London after King’s Cross and the development of local brownfield site will help to push up values, he predicted.
Mr Everitt made his comments as new data showed that values have already risen substantially in much of the east of the capital since London was awarded the games in 2005.
Lloyds TSB revealed that
July 28, 2010 No Comments