1, 2 & 3 bedroom apartments and duplexes
Prices from GBP £52,000
Ref: Gala Town Luxury apartments Istanbul
2 Bedroom(s), 2 Bathroom(s) |
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Exceptional investment opportunity to purchase large luxury apartments in Bayramoglu, a rapidly expanding suburb of Istanbul near the coast of the Marmara sea . Gala Town is located close to Istanbul’s second airport and free trade zone as well as a major light industry/commercial area. This rapidly growing area is generating a high demand for middle management accommodation which Gala Town is ideally placed to provide. Good quality accommodation, superb on-site facilities, including the only major shopping mall for 25 Km, and fantastic rental potential makes Gala Town’s prospects for both rental income and capital growth the best we have seen in Istanbul.
PWC report “This market has huge depth and breadth, nobody has begun to scratch the surface,” the report says. Istanbul scored equally high as a strong “buy” market. Says one Emerging Trends respondent: “Turkey is the India of Europe.”
For all investors the developer is offering US Dollar Mortgages of up to 65% LTV, this is to take advantage of the exceptional Dollar / Pound exchange rate.
Gala Town
Gala Town is a brand new development located on the Asian side of Istanbul about 5 minutes from the coast of the Marmara sea and 45 minutes form the centre of Istanbul. The developer has already built the shells of all of the properties and the resort will be completed in the Summer of 2009, so you can see your apartment and its exact location. This is a unique opportunity to maximise your investment with good leverage of a 65% mortgage (subject to status) and high capital appreciation. There will be a 5% price increase in April, and by completion it is expected that prices will have risen by at least 20%. For those investors looking for long term rentals, this is an exceptionally good location for the buy-to-let market in Istanbul, with its high proportion of office workers seeking good quality residential apartments in this district. The area is a regeneration zone, with a similar comparison to London Docklands about 15 years ago.
There is a choice of one, two and three bedroom apartments with large living and bedroom areas and up to 233 sq ms gross area. You definitely get moré for your money in this part of Istanbul as there is more investment potential here than on the European side as much of it is part of a regeneration zone encouraged by the Turkish government. This is why the Grand Prix circuit is on this side, being only 20 minutes away, Gala Town and its sea views will be much sought after.
Istanbul has been tipped to be the property hotspot of 2008, and the Gala Town resort is an exceptional opportunity to purchase into such a diverse yet exciting and emerging country. Communications in the area are being improved to cope with the new demand of commuter travel in to the city. There is a new railway link, to the Bosphorus and beyond, being built and a new ferry link to the centre of the city is also planned. There is a huge shortage in the area of high quality modern apartments that the new young upwardly mobile Turks are looking for, so Gala Town will be perfect for this demand.
Low cost flights from the UK are already in place and there is a daily service to Istanbul from Easy Jet, Thomas Cook and BA for those clients looking for a holiday apartment in Istanbul as well.
Investment discount.
From now until the end of April there will be a 10% discount for bulk purchases. Prices will go up by 5% at the end of April so we expected a huge demand for these much sort after properties.
More property photographs
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