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  • 3
  • Istanbul
Price £144,212
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Property Description

This new project consists of 582 quality properties together with a luxury shopping centre of more than 40 stores. There are 2 and 3 bedroom apartments on offer here, at excellent prices and with easy payment terms.

The complex is located in a newly developed upmarket, residential area of Istanbul and is an ultra-modern development which includes wonderful facilities such as sports and fitness centre, tennis & basketball courts, amphitheatre, botanical gardens, indoor and outdoor swimming pools, Turkish bath, sauna, 24 hour security, covered car-parking .
This development is one of the best investments in Istanbul - even during the construction period at least 50% capital growth is expected. The completion date is December 2012 and with property prices starting from only £63,000 just £2000 deposit is needed to reserve with the rest being paid after contract with flexible payment terms. On completion, the remaining amount can be paid via mortgages which are available from either Turkish or UK banks. Turkish mortgages are already in place with rental income easily meeting the mortgage payments! In addition 10 Years Rental Management Guarantee which is secured by contract is being offered

This is a wonderful opportunity to buy a risk free investment property in Istanbul and in our opinion is certainly one of the best on offer in Istanbul.

Here is a project offering high value to investors, while at the same time, offering a safe living environment to residents.

The project of of 582 quality properties and shopping centre is being developed in compliance with Energy Performance regulations in the buildings and environment-friendly materials will be used in many of the living areas.

This excellant project is in Esenyurt which is a great location, on the European side of Istanbul, close to the airport, the Metro System with easy access to Taksim Square and the City centre and will be completed December 2012.

In Istanbul there is a new and wonderful public transportation system called Metrobus, which is similar to a light railway, but even better. The metrobuses are long buses which carry around 200 passengers. In Istanbul there is a main road/motorway which passes all around the city. The Municipality launched the Metrobus system with a line which is nearly 80 kms long and which reaches every part of the city. All of a sudden the districts which are close to the Metrobus line became very popular for property investments. By taking the Metrobus you can reach the city centre in only 20 minutes from most of the places. The development is very close to the Metrobus line and the new station, which is also very close to the development, will be ready no later than October this year.

Payment Terms;

2000TL deposit subject to viewing the property
50% upon signing the sales contract
50% on completion(December 2012)

Closing Costs;

1.65% Purchase Tax
1% VAT(Value Added Tax)
0.02% Habitation Fee
1500 TL Utility Connection Cost
1000 TL Our fees including supporting of buying process (such as translation of contracts , title deed transfer support, snagging on completion etc)

Maintenance fees are paid by tenants however 2 bedroom apartment is 150TL per month, 3 bedroom apartment is 150 TL per month.

Annual Property Tax; 0.01% of the purchase value.
DASK (Annual Compulsory Earthquake Insurance): 150TL

Ref. No. ISA3 3 Bed Apartment from £144,212. Also available ISA2 2 Bed Apartment from £100,073, 1Bed apartment £78,754, 4 Bed Duplex Apartment £182,646

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