With the Turkish property market growing apace, investors looking at new ways to be part of the emerging market are being encouraged to think outside the box, and invest in student accommodation to get significant returns.
With the ongoing success of Turkey's economy and predictions that the nation will be the 9th largest economy in the world by 2050, Turkey's infrastructure is growing at a huge rate, including the education sector.
Currently Turkey has 154 universities, four of which have secured a place in the prestigious Times Higher Education World University Rankings (2011-12). The total Turkish student population numbers 3.78 million with Istanbul representing the main concentration of universities. The city boasts 36 universities and a student population of 298,000, many of whom are not able to be housed.
Ray Withers, Director of Turkish investment expert's Property Frontiers, comments: "Student accommodation traditionally supplied by University Dormitories and Government Funded Dormitories account for only 12.7% of demand and has resulted in a shortfall for around 254,000 students.”
The problem has been exacerbated by huge numbers of foreign students, especially British, who are flocking to universities outside of Britain in order to avoid rising tuition fees.
Property Frontiers are offering the chance to invest in their 38 room HAN Florya student development.
Located in Küçükçekmece, close to three universities from just £14,965 with no buying, ongoing maintenance or management costs. Investors can enjoy a guaranteed NET yield of 10% per annum.