Promotion of Art in Living Spaces in Istanbul

CCD, a property manager in Istanbul that focuses on student housing and economic apartments have announced addition of a couple of new properties under their portfolio of furnished apartments and rooms for rent.


The new buildings are mostly located in AynaliCeshme (Beyoglu) and Harbiye (Sisli) region and most of the apartments are designed to accommodate up to 2 guests in 1+1 apartments.

Aynalicesme, in the past months, made the headlines in newspapers like Hurriyet as the upcoming neighborhood for investors and was compared to other neighborhoods like Galata and Chinagir that showed much development in the past decade to become some of the most hip locations in Istanbul. Cihangir and Galata were both broken-down neighborhoods around 10-15 years ago and most buildings in the region were inhabitable. Following the quick restoration of the region, many high-income singles relocated to the area and hip bars, restaurants, boutiques, pizza parlors started popping up.

One interesting aspect of CCD is that the company also promotes art in the region which it sees as an essential way to attract new tenants. The company builds and rents under-priced art studios and galleries as part of their buildings. This, in turn, attracts artists to the area which helps develop the region much quicker than it naturally would.

If interested in staying at a location where art and living is combined, feel free to contact CCD to see availability and pricing informaiton for their properties.

CCD
Address: Kilic Aslan Sokak No:10/1 Beyoglu 34437 Istanbul - Turkey

Tel: 90-212-361-3310
General e-mail: info (at) roomsinistanbul.com

Holiday villas For Sale in Turkey

There is a constant demand for holiday homes and villas for sale in the Mediterranean part of Turkey and a quick Google search can give you clues that the number of properties offered in these regions are quite more than the property stock in Istanbul. Many foreigners have preferred to spend their summers in Turkey by renting a holiday villa and a quite high number of retired Europeans also live in these regions.


Again, a quick search shows that the most popular regions in the south part of Turkey are Marmaris, Datca, Akbuk, Didim, Bodrum, Antalya, Alanya, Kemer, Belek, Kas, Kalkan, Yalikavak, Gumbet, Torba, Cesme and possibly some other locations I failed to mention here.

In this post by a broker, it is possible to see that there is a constant demand from clients for more listings of villas for sale in Turkey from trustworthy developers. This Kalkan Villa, although seems to be sold by the time of this post, seemed to attract a client quickly due to its unique look and possible its reasonable price.

According to the news sources, the prices of holiday houses had fallen dramatically in 2008 and 2009. Now, the prices for these type of properties are possibly more stable. Many developers pushed buyers into purchasing their holiday villas by presenting them as investment tools. But, as an investment, unless I live inside the house as my primary residence, I would never touch a holiday home. These type of properties almost never generate high enough yields.

If retiring or have enough time to spend in your property during the summer, some of these properties offer great advantages. There are different parts of Turkey that are preferred by guests from specific countries. Take a look the listings and if interested, you might find something.

Also, if you use the form to the right, requests are distributed to hundreds of brokers to see who has the ideal property and then one single broker is given your contact info to make his proposal. If searching for a holiday house, a villa or an apartment anywhere in Turkey, you can try the form to the right.

Turkish Real Estate Trends - Residential Sector

Strong fundamentals for residential demand remain intact while short-term demand and supply has been reduced by the lack of liquidity, making distressed residential real estate an attractive investment alternative.

Strong fundamentals for residential demand:
Based on Deutsche Bank’s 2007 forecasts, 5.3 million (3.7 million being households and appr 1.6 million being replacements) of new housing units will be needed between 2007 and 2017. Furthermore, according to the State Planning Agency data, more than 8% of buildings in Turkey are categorized as ‘in ruins’ or inhabitable and only an estimated one-third of all housing units in Turkey have building permits.

Economic circumstances hold up demand in the short-term:
Housing market activity has significantly slowed down in the months following the global crisis, indicating a temporary hold up of demand until the economic picture clears up.

Supply up due to lack of sales and credit facilities:
Many development projects in Turkey are financed through planning and construction phase sales. Accordingly, many new developments have been put on hold when sales saw a sharp decline. High cost of debt and general lack of credit availability has led to offer deep discounts.

The residential market is more stable following the decline in prices by developers willing to go ahead with quick sales instead of holding to the properties. Prices have started showing signs of increases in the last 2 quarters of 2009 and in 2010.

Why Invest in Istanbul Real Estate? Find apartments with high capital gain potential

Why Invest in Istanbul Real Estate? Several different factors had been instrumental in effecting the real estate markets in the U.S . and in Europe and almost all global markets were effected following the economic crisis sparked by the collapse of sub-prime mortgages in the United States. However, several countries had major advantages that resulted in quick recoveries due to strong local demand and having different banking systems. Turkey is one of these countries. If you are searching for the ideal city or region in which to acquire an income generating or off-plan residential property, Turkey is globally one of the best options available at the moment.

1. Istanbul is 1st ranked development and 3rd ranked investment market in Europe, underserved by high-quality product in many sectors and has better growth potential than all other European cities surveyed. (According to the ULI Emerging Trends in Real Estate Europe 2009 Report)
2. Institutional opportunistic real estate investment in Turkey remains relatively underpenetrated and presents an early mover advantage for investors with global know-how.
3. Opportunities to buy undervalued assets in the short to medium term, primary focus on cash generating A and B class commercial properties in Tier 1 cities and finished or nearly finished A and B+  residential developments in Tier 1 and 2 cities with good covenants.
4. Other opportunities in the medium term on cash generating high street retail properties and retail shopping centers in Tier 1 and Tier 2 cities.

Other factors include; Turkish real estate has been less affected by the global credit crunch due to the infant state of its mortgage market. Unleveraged first-home purchases make up majority of residential demand. Turkey is unique in its position being an emerging market with a young and growing population, however it is also developed enough to offer opportunities in institutional quality residential, retail and commercial projects.

The single-family units are still considered a great investment for those looking to acquire affordable properties with high capital gain potential and high yields. Istanbul Properties offers a wide range of properties ideal for foreigners and also more properties are offered upon request.

Home Rentals Turkey

One site that offers a variety of furnished rental apartments in Istanbul is Home Rentals Turkey. The company run by Catherine Erhun offers a range of rental properties that are not much advertised in other sites. A quick look at the page can help finding alternative properties if you already checked out other sites.

Throughout the portfolio, it is possible to find apartments for as low as 550-750 euros per month and most of the other apartments listed fall into the 1,500 - 3,000 euro p.m. range.

While there are several listings in the Asian side of the city as well, the majority of the apartments are located in the Cihangir, Nisantasi, Asmalimescit neighborhoods in the European part of Istanbul. There are also some other properties available in the Princess Islands, Antalya and Bodrum.

If searching for furnished apartments in Istanbul, the site is definitely worth a look.

Contact Info for Home Rental Turkey:
Address: Valikonagi Cad. Samsun Apt. 57/6 Nisantasi - Istanbul - TURKEY
Telephone: +90-212-241-1758
Fax: +90-212-241-1758
E-mail: info@homerentalsturkey.com

There is also a contact form available on the website.