Istanbul set for flights and property boom

Istanbul may soon start attracting more British property buyers than ever. This is before following an announcement that Easyjet will begin a thrice-weekly service to the Turkish city from next month.

Plans for the route had originally been put on hold following a delay in the low-cost airline being awarded an operating licence from the Turkish authorities. However, the final plans for the service have now been approved and from 1st August it will be possible to reach Istanbul from the UK for as little as £30.99, with flights on Tuesdays, Thursdays and Saturdays. What’s more - as of 4th September - the frequency of these flights will become daily, a measure which could really open up Istanbul’s property market to British buyers.

Already demand for property in Turkey outstrips supply by around 500,000 units each year. According to Alise Crossick of Ready2invest, Istanbul is one of the Turkish areas where property is most sought – which is good news for potential investors. “In Istanbul there is a tremendous demand from locals in a property market that is undersupplied”, she says. “That is forcing property prices skywards.”

Property prices in Turkey are forecast to rise at a rapid race - by as much as 80 per cent, according to Ready2invest - so potential purchasers may want to survey their Istanbul options soon.

Ready2invest is currently marketing three-bedroom apartments in Tasdelen, just outside Istanbul, which are available from £54,045.

Posted on: Turkey

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Istanbul set for flights and property boom

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