Istanbul Infrastructure Changes Bring Promise and Challenges
Istanbul's a thriving city with a tremendous economy that generates £ 83.
1 billion income per annum and contributes 45% to Turkish GDP.
A place with a deep history that enchants and delights visitors, aptly crowned as the European Capital of Culture 2010.
The Majors ambition is not too loose the fine balance between economic and socio-cultural pursuits.
With that in mind, infrastructure planning is crucial to facilitate the harmonious commercial growth as well as improving the lifestyles for all.
The long-term economic prognosis for Turkey generally and Istanbul specifically is extremely positive.
As one international investor observes, it is a "large city with young population.
" It is for this reason that investors rank Istanbul first for development according to Price Waterhouse Coopers "Having a business-friendly regulatory environment and a growing population already in excess of 70 million, Turkey is likely to emerge as one of the world's highest potential consumer markets over the next decade," said the Business Monitor International BMI's "Turkey Food and Drink" report released Sunday 22 August 2010.
The Turkish Economy going into Q3 2010 is on a strong track of growth and recovery, however challenges remain.
The results of Q1 2010 showed an increase in GDP of 11.
7%, the highest in Europe and second in the world to China...
'We believe that the primary investment potential exists in the development of high quality, middle-to-high income 'residence' projects in urban regions' Colliers International Third Quarter Review 2010 The Istanbul property market presents several opportunities however with every fast growing city comes a challenge.
Istanbul is literally bursting at the seams; with the continued rate of growth, there would be serious problems in the future.
The fact that 250,000 people migrant to Istanbul each year made is clear to the Municipality of Istanbul that they had to implement the vital infrastructure improvements correctly the first time.
The "7 Hills, 7 Tunnels Project" isone of the ambitious projects that aims to link the seven areas of Greater Istanbul to central Istanbul.
The project has been under way for a couple of years now, however, it is important to consider the impact the of the 142km of tunnels should have on future house prices.
If you are looking for high growth area of Istanbul, you should open your mind to buying property in areas like Kagithane, Sariyer, Etilen and Mecidiyekoy.
When the final stages are soon to be completed; journey times to work will significantly decrease, thereby making property purchases in those areas more desirable.
1 billion income per annum and contributes 45% to Turkish GDP.
A place with a deep history that enchants and delights visitors, aptly crowned as the European Capital of Culture 2010.
The Majors ambition is not too loose the fine balance between economic and socio-cultural pursuits.
With that in mind, infrastructure planning is crucial to facilitate the harmonious commercial growth as well as improving the lifestyles for all.
The long-term economic prognosis for Turkey generally and Istanbul specifically is extremely positive.
As one international investor observes, it is a "large city with young population.
" It is for this reason that investors rank Istanbul first for development according to Price Waterhouse Coopers "Having a business-friendly regulatory environment and a growing population already in excess of 70 million, Turkey is likely to emerge as one of the world's highest potential consumer markets over the next decade," said the Business Monitor International BMI's "Turkey Food and Drink" report released Sunday 22 August 2010.
The Turkish Economy going into Q3 2010 is on a strong track of growth and recovery, however challenges remain.
The results of Q1 2010 showed an increase in GDP of 11.
7%, the highest in Europe and second in the world to China...
'We believe that the primary investment potential exists in the development of high quality, middle-to-high income 'residence' projects in urban regions' Colliers International Third Quarter Review 2010 The Istanbul property market presents several opportunities however with every fast growing city comes a challenge.
Istanbul is literally bursting at the seams; with the continued rate of growth, there would be serious problems in the future.
The fact that 250,000 people migrant to Istanbul each year made is clear to the Municipality of Istanbul that they had to implement the vital infrastructure improvements correctly the first time.
The "7 Hills, 7 Tunnels Project" isone of the ambitious projects that aims to link the seven areas of Greater Istanbul to central Istanbul.
The project has been under way for a couple of years now, however, it is important to consider the impact the of the 142km of tunnels should have on future house prices.
If you are looking for high growth area of Istanbul, you should open your mind to buying property in areas like Kagithane, Sariyer, Etilen and Mecidiyekoy.
When the final stages are soon to be completed; journey times to work will significantly decrease, thereby making property purchases in those areas more desirable.
