29 Jan '16, 3am

#singapore #property Istanbul named a city to watch: Istanbul has outshined London as o...

#singapore #property Istanbul named a city to watch: Istanbul has outshined London as o...

Istanbul has outranked London and Edinburgh as one of the top European cities for investment and development prospects, according to a report from PwC and the Urban Land Institute. In fact, Turkey’s largest city climbed six places from last year’s listings, the report showed. Despite the recent political uncertainty, these findings suggest that Istanbul’s young demographic, coupled with the influx of new-build property, will continue to drive investment. According to Cushman & Wakefield research, by Q2 2015 there were 1.9 million sqm of space under construction in Istanbul, and this increasing demand for property looks set to continue. Adil Yaman, Director of Universal 21, the largest management company based in the city, said: “Istanbul has made great advances in recent years, especially in relation to its real estate market and its ability to attract overseas investors. ...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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