If we do not talk about the popularity of buying housing from Russians and Ukrainians, investors from other countries prefer Istanbul to other world capitals in terms of real estate investments. Such research results were presented by the international consulting company Price Waterhouse Coopers (PwC).
In this sense, out of 30 favorite cities in the world, Istanbul, although it entered TOP list, was only in 29th place in popularity. Despite the fact that in 2012-2013, the largest Turkish metropolis topped this list.
Although Istanbul continues to be a very attractive city for foreign real estate investors, interest in it is declining. The main reasons for this are sudden changes in Turkish legislation, restrictions on loans in foreign currency, serious depreciation of the Turkish lira and the complexity of tax legislation.
According to a PwC research report, the most preferred cities in Europe for real estate investments at the moment are London, Paris, Berlin and Madrid.
Recently, analysts presented a tariff «grid» for rent in different districts of Istanbul.