Experts advise to buy real estate in Turkey

16.09.10

As follows from the report, mean income from renting in Turkey nowadays makes up 5.48% and has great potential to farther growth – especially in Istanbul. Average level of rental income in Turkey is nowadays higher, than in such countries as Italy (5.04%), France (3.85%), Spain (3.81%) and Portugal (3.63%).

"Purchasing of real estate in Turkey becomes ever more popular among buyers-investors from Russia, Ukraine, Kazakhstan, Azerbaijan and other CIS countries. There is good reason for Turkey to take up strong positions in top-10 countries upon population among Russian buyers of real estate abroad. All those investment opportunities, which are available to European investors, are also fully available to Russians and citizens of CIS countries, that is – discounts when buying at the building stage, 7% guarantee rental income for 5 years, mortgage till 70% for a term till 20 yeas", - commented Stanislav Zingel, the president of international agency Gordon Rock.

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