Almost 30 apartments in Leeds have been sold to Turkish investors in the last year
city centre, said: “We locate developments that offer a good math and promote them in the Turkish market.
“The market has responded quite enthusiastically and we have sold nearly 30 units in Leeds within the last 12 months. That is above £6m brought into the UK economy.”He added:"These investors don't just buy the development but they buy into the whole package that the city has to offer.”Mr Baytu said his company’s focus is areas that have a strong local economy with well built developments that offer good rental yields.
“There’s a lot going on in Leeds, especially now with the production industry making a base there. There are also the finance, insurance, legal sectors and the too. Leeds is underrated. Everybody knows Liverpool and Manchester in Turkey but nobody knew Leeds,” he said.Turkish investors have invested over £6m into Leeds city centre over the last 12 months.
He added: “Whilst others are trying to sell multi-million pound properties in London to the limited number of people that can afford them, we focus on growing a whole new market, in the processing carving a nice niche to ourselves as a company."
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