Neither the stock exchange nor gold increased in value as much as real estate in the last two years in Turkey, reported the daily Sabah yesterday.
Neither the stock exchange nor gold increased in value as much as real estate in the last two years in Turkey, reported the daily Sabah yesterday.
People who bought residences in compounds built by reputed construction firms earned 27-112 percent before the end of their payments. Antrium Residence, an Ant Construction compound in Ataşehir, is the project that increased most in value within the shortest span of time. Yielding a return of 113 percent, the value of the 122 square meter homes almost doubled from the original selling price of YTL 187,000 to YTL 398,000 in September.
The most lucrative areas of Istanbul with respect to the yield in real estate are Kurtköy on the Anatolian side with a 70 percent yield, and Halkalı on the European side with an 86 percent yield.
Residences with the highest yield rates are situated in the center of the city. Developments built in locations such as Fulya, Maslak, Ulus and Esentepe profited at 70 percent premium rates. The Olympiakent compound built in 2004 by Soyak in Halkalı has been the most profitable project among residential compounds in the center of the city with a 171 percent premium level within three years.
Residential compounds in İzmir and Ankara have proven equally profitable, reported the daily.
