Purchasing a property in Istanbul could be a good investment for those who are considering renting it out.

According to Aidan Rankin, economic analyst at Property Frontiers, the rental yields in western Europe have not been very favourable for some time, leading many to look further afield.

He explained that his company is currently looking at projects in the Turkish capital as there are good rental returns on offer of around 7.5 per cent.

"It is also a good investment for middle-income buyers in a dynamic area of the city with a young, professional and creative population," Mr Rankin explained.

Many people who choose to purchase a property to rent it out are looking to relocate to the destination themselves at some point in the future, the expert added.

A recent report from the Worldwide Property Group stated that 62 per cent of people are currently considering buying a home abroad.

Written by Fiona Mayers

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