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Life Studio Istanbul Deposits from only 19086 GBP great buy to let opportunity [ SOLD ]

 Region: Istanbul

 Price: EUR € 56 736

 Bedrooms: 1

 Property Type: Apartment

 Development State: Off Plan
 
Features: Pool, Parking, Disabled Access Amenities: Schools, Shops, Bars & Restaurants, Near the Sea, 24 Hour security, Gymnasium, Childrens Swimming Pool, By a Lake, By the Sea, Childrens Playground, Sauna, In City Description:
WHY INVEST IN ISTANBUL?

* Deposits from only £19,086 - only 40% down payment required

* Excellent buy to let opportunity - With a population of 12 million and
700,000 new residents arriving in the city each year the business
rental opportunities could not be better. A young, professional
market make up a high proportion of the population in Istanbul and
due to increasing salaries are demanding higher quality properties
to rent.

* Istanbul tipped as property hotspot for 2008 - A report by Price
Waterhouse Cooper states that Turkey's economy is growing 3
times quicker than that of the UK. Istanbul also ranked as the
second best city in Europe to invest in for 2008.

* Rental yields of between 7% - 10% p.a expected - An ever
increasing number of multi-national businesses are setting down
roots in Istanbul meaning that professionals are flocking to relocate
in and around the city for prime career opportunities. Young
professionals with increasing salaries are demanding properties
with good facilities, a safe environment and prime positioning.

* Good exit strategy - Life Studio is designed specifically with the local
professional market in mind. Currently, only 2% of properties owned
in Turkey are bought with a mortgage, compared to over 50%
throughout most other European cities. With mortgages now
becoming available and salaries increasing in the area, demand for
properties to purchase will increase.

KEY FEATURES

* Deposits from less than £20,000
* Excellent buy-to-let opportunity
* Ideal for business rentals
* Prime position within Istanbul city
* Istanbul tipped as property hotspot for 2008 by Price Waterhouse Coopers
* Rental yields of 7-10% p.a. expected
* Population upsurge and housing shortfall currently happening within the city
* Excellent on-site facilities including gym, sauna, spa, fitness centre and sports courts
* Close to various shopping centres and retail outlets
* Seaside town location within Istanbul city
* Easy payment plan

The Life Studio development comprises of one and two bed apartments located in a prime position within Istanbul. Each spacious apartment comes part-furnished with some kitchen appliances and air conditioning included plus the complete use of the superb on-site facilities.

In such a prime position, the Life Studio development will offer great rental yields as it puts residents in perfect commuting distance to Istanbul City. The below figures show the potential rental income that the development is expected to generate. (Figures are displayed in Turkish Lira).

Rental yields are expected to reach between 7%-10% per annum.

* 1 bed apartment (small)
Estimated monthly income 750 YTL (approximately £300)

* 1 bed apartment (large)
Estimated monthly income 950 YTL (approximately £380)

* 2 bed apartment (small)
Estimated monthly income 1100 YTL (approximately £440)

* 2 bed apartment (large)
Estimated monthly income 1400 YTL (approximately £560)

Please enquiry for more information on prices, payment plans and development details.

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