Apartments for sale in Istanbul

Mayfair Residence is the ideal buy-to-let investment and investors will benefit from a 2 year protected rental guarantee at 7% per annum and expected yields thereafter rising above 9% before capital growth.

Our partners will provide professional on site management services and Mayfair Residence will appeal to investors seeking a low risk and hands free investment.

Located in the prosperous district of Bahcesehir on the European side of Istanbul. Mayfair Residence is located in the prosperous district of Bahcesehir and has grown into a major residential area and the population of the district is just over 388,392 (2007) and covers some 10,000 hectares.

Known as the ‘Garden City’ the area is particularly attractive to the upwardly mobile middle classes of Istanbul and statistics show that the capita per person here is 6 times the average in Turkey.

The area boasts excellent transport links and is located 20 kms from the city centre, 2 kms from the TEM motorway and approximately 17 kms from the main International Airport Ataturk. The beach of Buyukcekemece is only a 5 minute drive away. Bahcesehir also has a main line train station called Ispartakule and is also connected by various local and express bus routes.

Purchase Process

Now

- Fill in reservation form and pay £2590* into UK lawyers a/c
- Fill in Decision in Principle form, forward required paperwork.
- Receive Mortgage decision in principle from bank
- Receive client care agreement,
- Sign, Notarise & Apostilise Power of Attorney and obtain Certified passport copy.

30 days

- Complete and sign sales contract
- Pay 30% deposit into UK escrow account.
- Sales Contract and amount of deposit notarised and registered with Turkish authorities.
- Pay 2% notary fee.

Completion - Expected Q1 2013

- 3 months prior to completion mortgage application re-confirmed
- 2 weeks prior to completion - snagging undertaken
- 70% completion paid for by mortgaging bank on title deeds and subject (minus £2000 reservation fee)
- Final purchase costs and Transfer Tax (1.65%) paid

Established Turkish developer with a proven track record in delivering numerous projects on time and to budget. Istanbul is the well-established economic powerhouse of Turkey and recently ranked No.1 for city development prospects.

At Experience International we believe that research and knowledge is everything. It is why we scrutinise every development we present, ensuring our customers see only the best properties available in the most stunning locations worldwide. Join the growing number of buyers who recognise that there is no substitute for experience.