Market news

Apartment in Istanbul has surprised the American press

17.01.2009
Apartment in IstanbulIn Istanbul, in a residential complex «Polat Tower Residence» is offered for sale two-room apartment, which attracted well-known American newspaper New York Times and was presented to the public under the heading «luxury homes». This apartment has a total area of 142 sq.m. and is estimated at 800 thousand dollars.

   This apartment, which drew the attention of the high society around the world has two bathrooms, modern kitchen, and in one of the rooms has a Jacuzzi. About the interior in the newspaper mentioned that: " Interior design is combining traditional and modern Turkish style: crystal lustres, antiques of the Ottoman Empire and a piano."

The owner of «Place Overseas» Cameron Deggin drew attention to the fact that the Turkish economy has a significant rise and the Turkish real estate market is experiencing a boom, thanks to the modernization of the housing stock in Istanbul. Deggin also mentioned that for the period 2004-2007 real estate prices have increased by 100%, depending on the quality indicators and location.

Thanks to high interest rates, Turkey attracts foreign investors to buy the Turkish real estate, stated in the news. However, it is also mentioned that the price of real estate in the Istanbul is very different. For example square meter property in Istanbul, located on Bosfore reach 10 thousand dollars.

News was edited by "VESTA Estate"
vestaestate.com/en/



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