[داماس ترك]

Luxury villas and properties for sale in Istanbul

The rapid depreciation of the Turkish currency has drawn in foreign customers for the luxury property for sale in Turkey located along the Bosphorus coastline in Istanbul, according to real estate representatives.

Muttalip Iscan, a real estate investment consultant, told Xinhua that there is a significant increase in this demand mostly from Iranian, Azeri, Saudi Arabian and Qatari nationals.

The growing interest is prompting a swelling number of landlords to consider selling their mansions or flats to foreigners as the U.S. dollar has gained significantly against the Turkish lira, said Iscan.

The consultant and his Expert Team, a real estate agency in Istanbul, are currently working on the sale of a waterside mansion worth 35 million dollars.


"After an Iranian national conveyed his intention to invest in Turkey, we have contacted the landlord," Iscan said, noting the bargain has been continuing behind the closed door through representatives, as both the owner and the buyer want to keep their names secret.