Istanbul recommended to investors

Monday March 17th , 2008

People who want to buy a rental property overseas have been encouraged to consider purchasing in Istanbul.

The Turkish city was recommended by independent analysts Amberlamb, which stated that it has become immensely popular with foreign investors in the last few years.

Istanbul was praised for offering a number of attractive inducements for overseas property buyers, including a strong tourist trade that is driving rental demand.

The organisation added that the city has seen a "massive boom" in its economic prosperity following the currency collapse in 2001.

Turkish authorities were commended for their impressive handling of this financial crisis and creating a robust and strong economy in its wake.

Amberlamb commented: "[Istanbul] is a city certainly worthy of closer inspection by would-be property investors because it supports many investment approaches."

The city was recently highlighted as a popular investment market by the Foreign Property Buyer website.

According to the online portal, its culture, good infrastructure and easy accessibility makes it a "prime location" for overseas investors.