Apartments in Istanbul Life provide 7% Bonded Rental Guarantee for 2 years with renewal option. Invest with 40% down till December 2013 and balance thereafter with a mortgage if so desired.
Maximum capital appreciation is expected even during construction period, therefore multiple buyers may decide to sell on prior to paying final 60% balance. This could potentially deliver up to 50% growth on capital invested.
The project consists of 9 well positioned blocks built over 33,000m2 land with 70% allocated to green areas. 1377 residential and 74 commercial units in total.
The project is located in Bahcesehir, Istanbul, which is one of the most sought after and elite residential districts on the European new city of Istanbul.
- 20 minutes to Ataturk airport
- 5 minutes to E5 main carriage way that leads straight to Istanbul city centre and financial districts
Bahcesehir is a well established town in itself with modern facilities attracting managerial and professional level city dwellers. Property prices are rising sharply on average 8-10% per annum.
Features and facilities
The project has placed considerable emphasis on the immediate environment, and over 70% of the project area has been dedicated to green living area and landscape.
Throughout the development, this is a wealth of features and facilities which are designed to cater for the residents every requirement:
- Underground parking
- Outdoor swimming pool
- Indoor swimming pool
- Bicycle track
- Childrens playground
- Tennis Court
- Basketball area
- Sauna and Turkish bath
- Shopping centre
- Dry cleaning
- Fitness centre
- GBP 2,000 reservation fee
- 40% after contract
- 60% on completion December 2013 less the reservation fee GBP 2,000
- Opportunity to mortgage on completion.
Full Completion December 2013
Contact our London Head Office on + 44 (0) 20 8371 0059 or via placing an enquiry herewith
Discuss your investment requirements in terms of available budget so we can advise optimum number of units to acquire
Submit GBP 2,000 per unit to our UK client account
Our advisors will select most attractive units remaining at the project as at that time in order to maximize capital growth. Please rely on our knowledge and expertise to select on your behalf. This is what we do and we do it well...
We will then reserve your units and prepare your contract with our builder. At this stage we will appoint an independent solicitor for you, who will prepare your contract and deal with all necessary procedures leading up to your acquiring your freehold title deed upon completion. You do not need to worry about a single detail, all will be taken care of.
Costs of purchase
Solicitors fee GBP 1,000
Stamp duty 3.3% of purchase price
Furniture pack (Depends on choice)
FINANCIAL ANALYSIS MODEL FOR SPEEDY CAPITAL GROWTH
Purchasing 5 units and selling on completion
- Capital outlay now GBP 120,000
- Sell Just prior to Dec 2013 at 8%pa price growth which totals around GBP 50,000 for 5 units
- This represents 42% capital growth in less than 2 years.
- In summary total capital outlay GBP 120,000 and total capital walk-away after 2 years GBP 170,000
(please note that the above does not account for purchase costs above. Also note that if you are selling prior to completion, stamp duty will not be relevant)
Justification of financial model
Bahcesehir is the most desirable town in Istanbuls newly developing outer European zone. Due to solid infrastructure in the area from schools to leisure centres, and also quick transport links to citys financial districts, the area is attracting managerial and professional dwellers.
As of 2011 and as per government statistics, over the next 5 years an annual demand of on average 150,000 residential units are expected in Istanbul alone. For 2012 and 2013 planned increase in residential units is around 85,000 units per annum. This indicates a sharp shortfall in supply of residential dwellings in the medium term in Istanbul.
Majority of the demand comes from aspiring young professionals and young families, who can not possibly afford to live in the A1 zone (Sisli, Levent, Etiler, Ulus, etc) of Istanbul and hence prefer affordable accommodation with adequate luxuries on offer and solid transport links to city centre.
Bahcesehir fits the above shortfall perfectly well and as such is one of the top investment destinations, where average price growth is expected to outstrip Istanbul averages.