Istanbul is Officially the Best Place to Invest in Property

It’s official – no longer are the likes of Dublin, London, Barcelona or Budapest worthy of your real estate investment cash, Istanbul is the number one location for property investment money in 2008 according to the Urban Land Institute and PricewaterhouseCoopers.

In their excellent and fascinating ‘Emerging Trends in Real Estate Europe 2008’ report which focuses on both old and new Europe, Istanbul’s residential and commercial sectors were highly ranked as investment prospects and for developmental advancement.  So, if you were looking where to expand your portfolio in 2008, look no further than Turkey’s developing property market.

Trends within the report mentioned the fact that the commercial property markets throughout Europe are far more attractive at the moment than residential ones – Istanbul was something of an exception though, as according to the report, there is excellent growth and development potential in both real estate sectors in the Turkish city.

If you want to invest in hotels, Istanbul is also your best bet, and it’s a good market for industrial and office property investment too…but unless you’re buying in cash, don’t bother thinking about property investment for the time being.

This is because a further trend highlighted in the report relates to finance hungry investors who require funding for investment acquisitions, they are being elbowed aside by cash buyers.  So many mortgage products have been withdrawn from the international property scene, so much would-be cash has been taken out of the pot for property borrowers and an increasing number of financial institutions are simply shying away from any level of real estate lending exposure.

So, it’s a cash buyer’s market – and for those who want to get the most for their money and out of their money, Istanbul’s property landscape is the best place to consider investment.

In a further roundup of the most interesting elements of the fascinating ‘Emerging Trends in Real Estate Europe 2008’ report we can reveal that Dublin is just about the worst place you can invest right now, London is also particularly unfavourable, Spain and the UK are considered ‘no go’ areas with investors at the moment, and developers need to be aware that consumers are becoming greener, (environmentally speaking not in terms of their naivety), when it comes to the choices they make relating to property based investment decisions.

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