Istanbul set for flights and property boom

According to David Fuller, after announcing that Easy jet will start a thrice a week service to the Turkish city from third quarter of last year, Istanbul may attract more British property buyers than ever before.

Original plans for the route was put on hold due to a delay in the awarding of an operating licence from the Turkish authorities to the low-cost airline. But final plans for the service had been approved and effective August of last year, Istanbul can be reached from the UK for as low as £30.99 with initial flight schedules every Tuesday, Thursday and Saturday. When September came, the frequency of these flights became daily, a move which could really lead to opening up the property market of Istanbul to British buyers.

The demand for property in Turkey already surpasses supply by about 500,000 units every year and Alise Crossick of Ready2invest said Istanbul is one of the Turkish areas where property is most in demand and this is good news for probable investors. She further said that “In Istanbul there is a tremendous demand from locals in a property market that is undersupplied. That is forcing property prices skywards.”

Ready2invest reported that property prices in Turkey are predicted to ascent at a fast pace by as much as 80 per cent. Thus, posibble buyers may soon want to take a look at their Istanbul options.

Three-bedroom apartments in Tasdelen which is just outside Istabul is presently marketed by Ready2invest at a price from £54, 045.

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Istanbul set for flights and property boom

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