Istanbul homes almost one fifth of Turkey's 82 million strong population and resident numbers are growing daily. Since 2012, Istanbul property values in many areas have almost doubled. Apartments in Istanbul originally sold for as little as GBP 50,000, now achieve nearer GBP 100,000 and this trend is continuing. With the first phase of Istanbul's third airport due to open later this year and its potential to cater for more than 200 million passengers within the next decade, there is an understandable demand for residential and rental property in the city. An apartment in Istanbul is a savvy investment likely to enjoy healthy capital gains and premium rental returns if bought wisely.  

Improvements in Istanbul's infrastructure and facilities are bringing with them a new wave of foreign investment. Istanbul's strategic position between Europe, Asia and the Middle East offers businesses the ideal base for trading further afield. Istanbul is no longer simply the Turkish financial capital, an influx of foreign investment firms, global conglomerates and banks are now choosing the city for their primary offices too. Turkey's aim to establish Istanbul as a global financial centre by 2023, the centennial of the Turkish Republic, is now well and truly on the horizon.

The last 10 years have seen the suburbs surrounding Istanbul's historic, tourist and business districts spring to life. Turkey's new generation, its young and educated workforce, gravitate towards Istanbul ensuring a constant demand for accommodation. Many of the urban regeneration projects on the Asian and European side are already reaping in rewards, and new transport links and multi-facility projects are now creeping into the outer suburbs. Former industrial or sleepy districts are now a hive of activity and modernisation. New contemporary, state of the art projects offers residents an easy life and new opportunities. Istanbul's first-class amenities, entertainment, schools and healthcare now rival the most modern and sought-after cities worldwide - and Istanbul is still emerging, there's still room for more growth, a lure hard to resist for many property investors.

If you're seeking value for money property investments and healthy rental returns, consider Istanbul's new Basin Express district.

As Istanbul expands up to a 20 million population at rocket speed, new generation areas, new infrastructure, metro lines and new housing is needed. And, needless to say, the third international airport due to open its first terminal to international flights on 29th of October 2018, should boost property prices and demand considerably. It is my belief that the new financial district of Basin Express which connects Ataturk Airport to new popular areas such as Kucukcekmece, Bagcilar, Bahcesehir are the areas to look into for value for money investments. Two-bedroom apartments in Bahcesehir district on the European side 2 years ago started from as little as GBP 50,000. The same apartments today demand upwards of GBP 75,000 - a healthy premium. The Basin Express district is attracting a lot of attention ensuring high rental rewards and returns on outlay.

This blog was originally posted on Turkey Homes.