Larasu property Istanbul
The property for sale on Larasu comprises of three different models of 3 bed apartments with 2 bathrooms and a living area of 170 m², 2 bedrooms and 2 bathroom properties of 128 m², and two types of one bedroom apartmens with 1 bedroom and 1 bathroom between 68m² - 81m².
With no threat of earthquakes occurring in the area, it is a safe and strong architectural structure, designed by one of the most acclaimed architectural firms in Turkey and is now thought to be the most resilient building along the 200 km coastline. Soundproof bricks have been used to ensure privacy and sound insulation.
The Larasu off plan development is also a walk away from some of the most beautiful beaches along the Turkish coastline, attracting more residents than tourists, meaning that it is never too overcrowded and its beauty is maintained throughout the holiday season. Although the coastline is still mostly undeveloped, the area is becoming more popular and the residential sector is developing quickly. A marina project is in development stages and there is a ferry pier aimed to provide passenger transport in and out of the marina from Istanbul city centre.
This luxury development offers excellent rental potential with income estimated at 1000 YTL / £460 per month for a 1 bedroom property. Obviously by completion in 2010 this figure will rise.
The project is also bank guaranteed by two major banks in Turkey.
*Note* Prices are in YLT and Sterling conversion shown here may vary slightly. Larasu will consist of 5 phases, prices given are for the first phase. Subsequent phases are subject to price increases*.
On site management available. Maintenance fees will be beween £43-£65 per month depending on size of apartment.
Larasu property prices:
1 bed apartments.....68 m2 from �59,990
2 bed apartments.....128 m2 from �74,954
3 bed apartments.....170 m2 from �114,118
A capitalist boom in Istanbul recent years has attracted a flood of foreign investment and property prices have doubled, and in some areas tripled, in dollar terms over the past five years.
As this trend is likely to increase, the developers of Larasu are offering a 35% guaranteed value increase on completion with a unique buy-back offer which on some apartments could be as much as 40% to 50%.
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