A growing expatriate community in Istanbul may encourage more people to retire to Turkey, according to one property firm.
A growing expatriate community in Istanbul may encourage more people to retire to Turkey, according to one property firm.
The regional base for several multinational organisations, Istanbul attracts 700,000 new residents each year, reports TheMoveChannel.com.
And this figure could increase as property buyers are drawn to the city by a strong Turkish economy and Istanbul's status as European Capital of Culture 2010.
An increase in the number of airlines providing cheap flights to the destination will also lead to a larger expatriate community as property owners and investors find it easier to travel to and from Turkey.
Non-resident mortgages will also make it easier for people to retire in Turkey, with the website also suggesting that property prices in the high-profile city will rise by up to 50 per cent this year.
Earlier this month TheMoveChannel.com named Turkey as the fifth most popular destination for overseas buyers.
