Posted on 02 October 2013
Spot Blue features in a recent edition of the Asian edition of Tatler magazine, in a feature that names Istanbul as one of the world’s top five investment hot spots for property.
In the article, Spot Blue director Julian Walker is quoted as saying that growth in Istanbul’s property market has been strong – at around 10 per cent a year – and he expects that growth to continue. The feature focuses on the Istanbul district of Bahcesehir, ranking it alongside The City in London, Dubai Marina, Xintiandi in Shanghai and Williamsburg in New York for its investment potential.
According to the article, Bahcesehir is a “much-vaulted new district to the west of Istanbul which is prime territory for investors thanks to several large-scale government projects, including a third bridge over the Bosphorus, a new airport and a canal connecting Marmara to the black sea, to name but a few”.
Property prices have more than doubled in the last five years and this growth shows no sign of slowing, according to Spot Blue’s local agent on the ground there. “The area boasts grand shopping malls, lakes and restaurants and bars aplenty, and the sights and sounds of Istanbul’s mesmerising city centre are but a 35-minute metro ride away,” says the article.
Spot Blue has recognised the investment appeal of property in Bahcesehir for some time and has a selection of property for sale there. These include one-bedroom apartments on new developments, being sold off-plan from $104,000.