Holiday homes are pushing the boundaries of Europe – in more ways than one!
- Turn to Turkey to enjoy Europe without worrying about a Brexit (Universal 21)
- Brexit debate is impacting on overseas property purchases (easyMarkets)
- Smart homes and eco villas push the boundaries of real estate in Istanbul (Universal 21)
Everywhere you turn in the UK right now there’s talk of the potential impact that a Brexit could have, if the nation votes to leave the EU on 23 June. The debate has touched upon everything from the single market to travel restrictions, including the impact on those buying second homes overseas.
Nikolas Xenofontos, Director of Risk Management at global broker easyMarkets, recently observed that,
“The Brexit debate is already influencing those thinking about buying property overseas, leading many of those considering purchasing a holiday home in Europe to pause their plans temporarily, pending the outcome of the referendum. Should the UK vote to leave the EU, this temporary pause may well turn into a longer period of uncertainty for those wanting a second home in Europe. Buying a holiday house that you plan to retire to one day becomes less attractive when you don’t know what the restrictions on living there might be in a few years’ time!”
The solution, according to Universal 21, is to buy a home in Istanbul. Istanbul’s largest management company, Universal 21 offers select apartments for sale in Istanbul, including luxury eco-friendly villas.
Istanbul is the only city in the world that spans more than one continent. Divided by the Bosphorus strait, the city sits in both Europe and Asia. It’s a heady mixture that has fascinated visitors for centuries. It’s also a fantastic solution for those looking to buy a second home outside of the EU, but also maintain easy access to Europe.
Istanbul’s homes don’t just push geographical boundaries. They also offer some of the world’s smartest and most eco-friendly residences. At Oceanic Bay View, concave roofs collect rainwater for reuse (the water is collected in a giant tank under the inner garden), electricity is generated through solar panels and a wind turbine (saving up to 60% in electricity consumption annually) and the entire villa’s systems can be controlled by computer or smartphone. Luxury is built into every element, from the Jacuzzi and sauna to the cinema room, staff quarters and organic winter garden.
If a luxury villa isn’t quite within budget, then Concept 21 offers an excellent alternative. Completed in 2015, the seven star resort offers contemporary two, three and four bedroom apartments centred around delightful landscaped gardens and an expansive outdoor pool area. The development comes complete with a host of amenities, including a cinema, children’s playground, basketball court, volleyball court, five a side football pitch, gym/fitness area, sauna, hamam, steam room, indoor pools and spa/massage area.
In these uncertain times, Turkey’s luxury property market offers some incredibly interesting options to those looking to bypass the whole Brexit debate and move forward with purchasing their dream home overseas.
For more information please contact:
easyMarkets: +44 203 1500 74 or www.easymarkets.com
Universal21: 0203 287 8700 or visit www.universal21.com
Risk warning: Forward Rate Agreements, Options and CFDs (OTC Trading) are leveraged products that carry a substantial risk of loss up to your invested capital and may not be suitable for everyone. Please ensure that you understand fully the risks involved and do not invest money you cannot afford to lose. Our group of companies through its subsidiaries is licensed by the Cyprus Securities & Exchange Commission (Easy Forex Trading Ltd- CySEC, License Number 079/07), which has been passported in the European Union through the MiFID Directive and in Australia by ASIC (Easy Markets Pty Ltd -AFS license No. 246566).