Istanbul property 'rivals markets in london and paris'

The property market in Istanbul is in a position to "compete in every sense" with the likes of London and Paris, it has been claimed.

Arman Ozver, Turkey Sotheby's International Realty general manager, made the comments in an interview with Sunday's Zaman.

He explained there are certain areas in the city, such as Nisantasi, which are considered to be safe haven areas for investment.

Mr Ozver is also confident that real estate in Istanbul will remain robust, even if the economic problems in Europe worsen.

Source: PropertyShowrooms.com