Oypro, an Istanbul based real estate company, provides alternative investment opportunities for foreign investors interested in the serviced apartment market in Istanbul. Several
oypro logo
conveniently located properties in the company’s portfolio is offered for sale to investors and the company is able to attach their property management services to the properties for investors who are only looking for income but not interested in running the properties themselves.
According to a company representative who made a presentation of the portfolio on March 26th in a Taksim hotel, some properties are priced so competitively that they are projected to bring in an annual return in the 8% to 10% range. These yields, coupled with excellent capital gain opportunities, provide excellent investment opportunities for interested investors.
There is also a lack of strong management brand that provides serviced apartment properties in Turkey. There is a great opportunity for an investor backed management company to create a brand that can serve both domestic and international travelers. Foreigners, familiar with serviced apartment concept, already is looking for these types of properties while planning for their vacations to Turkey. Also, there is an increasing demand from domestic companies in Istanbul to secure these types of serviced apartments for their visitors and employees coming from other cities.