Istanbul Off-Plan Property Visits
Expanding its portfolio of off-plan residential properties in Istanbul, Oypro, a commercial real estate services provider, announced today that it will start arranging daily research trips to multiple off-plan project sites for foreign investment funds and individual investors.
Demand from foreign investors to secure off-plan residential properties in Istanbul continues despite the slight decrease in local demand in 2007 compared to the previous two years. Some brand name residential developments in Istanbul have produced capital gains of over 100 percent between 2005 and 2007.
Istanbul (PRWEB) March 7, 2008 -- Expanding its portfolio of off-plan residential properties in Istanbul, Oypro, a commercial real estate services provider, announced today that it will start arranging daily research trips to multiple off-plan project sites for foreign investment funds and individual investors.
Demand from foreign investors to secure off-plan residential properties in Istanbul continues despite the slight decrease in local demand in 2007 compared to the previous two years. Some brand name residential developments in Istanbul have produced capital gains of over 100 percent between 2005 and 2007.
"Two important factors affecting the project choice decisions of most foreign investors are the credentials and trustworthiness of the developer and the right timing. Getting in during the first phase or early enough to maximize profits is crucial. Job growth, affordability and quality of life are major factors affecting the location choice," said Erkan Akman, the marketing director of Oypro.
Akman also added "Two major advantages that come with working with us are the ability to negotiate better prices for mass purchases and help with making the right choices for locating high yield, high growth off-plan investments."
The trips are designed to enable investors to get a good overview of the Istanbul property market and get a feel for the areas and type of properties that are best suited for their needs. Meetings with English speaking lawyers, accountants and tax advisers are also arranged for clients considering starting companies in Turkey.
Investors from the United States, Britain, Romania, Australia, France, Germany, Spain, Bulgaria, Dubai and India either conducted a search or invested in off-plan residential properties in Istanbul over the last 3 months.
While the primary property type choices for foreign investors are still residential properties and shopping centers, the substantial increase in rent prices for Class A offices in Istanbul during 2007 also sparked interest in commercial properties. The company also announced increases in tenant representation services provided to international clients.
Real Estate Funds and investors interested in attending off-plan project visits can contact Oypro directly to obtain additional information about the service and details of the properties available.
About Oypro:
Oypro is an Istanbul-based commercial real estate services provider with over 30,000 m² under management and offers a full range of investor services to accommodate every aspect of real estate investments including consulting, research, sales, leasing, representation and management of its clients' portfolios. For additional information, please contact Sami Behar, Director of Press Office, Oypro at 90(212)255-5862 or visit our websites at http://www.oypro.com or http://www.oypro.com.tr
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