Rising interest rates and lower levels of mortgage lending has meant that overseas property owners have struggled to get a foot on the Istanbul property ladder.
However, istanbulmortages.com has launched a couple of new services which will enable those wanting to buy property to do so.
The first is an investment scheme which would allow an investor to buy an off-plan luxury apartment in Istanbul, and get all their money back whilst still retaining Ffreehold title.
The second is a 90% mortgage which the company can offer as a result of being a European company, allowing them more flexibility than Turkish banks who can only offer a 50-75% mortgage.
Mortgage expert John Mitchell welcomed the two schemes, saying: “It is always important to innovate and create products to enhance the investors' profitability and security. ”