Istanbul was named the most attractive city in Europe for property investment

07.02.2011 09:27
The survey, conducted by PricewaterhouseCoopers LLP of 600 market professionals, revealed: most investors would prefer to buy property or start new construction projects is in Istanbul. Last year, the largest city in Turkey is only the fifth place. In the three leaders also hit London and Munich.

The main reason for such attention from buyers - a growing economy, reports Bloomberg. In the third quarter of last year it showed an increase of 5,5%. Purchasing demand and the level of investment in the Turkish city has increased due to record-low interest rates. In the future, the country's economy also promises to increase in rents and property values, whereas in other European cities, these indicators move in the negative direction.

Istanbul, according to analysts, is today one of the few markets in Europe, where the key to success for investors is the city itself and the economic situation, but not the ability to cope with negative trends.

London ranked third in the list of cities most suitable for the purchase of existing property and the second place - as the city attractive for the construction and development of new real estate. In the last year in London was sold to commercial real estate for a total of $ 23.9 billion. Weakening pound and the growth prospects of rents have increased confidence in the British housing market as a suitable place for investment.

With cautious optimism, the experts of the German market - the top ten but fell Munich Berlin, Frankfurt and Hamburg. Investor confidence in this country is growing, because last month she was recognized as the most attractive market for commercial real estate world according to the European Association for Investors in Real Estate nelistinguemye funds.

The last place gave Dublin, followed by Athens are located. These cities as long as investors do not trust - their guards a growing budget deficit in Ireland and Greece. Now both countries have taken comprehensive measures to rescue their economies.
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