The Turkish city of Istanbul has been name as one of the property hotspots for international buyers to invest in property, according to Istanbul2010.

Ozgul Ozkan Yavuz, director of events and organisations for Istanbul 2010 has said that the title will significantly raise its international profile particularly among property investors, tourists and also international artists. The European Capital of Culture status gives cities the chance to present the attractiveness, cultural diversity and characteristics of its history for one year.

Culture and tourism minister Ertugrul Gunay revealed that the plans to preserve and restore many historic locations were already underway. He also added that the number of international arrivals in the country has increased to13.29 per cent since last year. The region of Antalya came first as 34 per cent of visitors visited the city, with Istanbul coming in second place with 25 per cent.

Amberlamb commented: Istanbul's culture, good infrastructure and easy accessibility make it a "prime location" for overseas investors and it supports many investment approaches.

Labels: Istanbul