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Recently, Turkish real estate has become a destination for foreign investors.
Bayrock Group founder Tevfik Arif and Donald Trump are among the people who are drawn to the nation situated between Europe as well as Asia.
Turkey has done a great job overall to attract international investors. The investment properties of Turkey are highlighted by cities such as Istanbul, Bodrum, Kalkan and Fethiye.
Turkey being among the most popular tourist destinations in the world is just one of the major reasons, but there are numerous other reasons. Tevfik Ariff is a successful real estate magnate. So it is Donald Trump. Let's check out what made them choose a Turkish location for their investment.
Bayrock Tevfik Arif Bayrock Bayrock Group's Tevfik Ariff was a pioneer in Turkish real-estate investment
In the early 1990s, after the Soviet Union was disintegrated in the early 1990s, former Soviet republics were integrated into the new world.
Tevfik Arif moved from the public sector to the private sector in response to a flood of highly skilled young workers.
Arif started several businesses following the fall of the Soviet Union. These businesses dealt with development of luxury residential properties and food processing, mineral extraction imports, natural resources and exports.
He had a wide network of international and national customers as a result of his numerous enterprises.
The network eventually led Tevfik Arif to relocate to Turkey in 1993. He then expanded his business and real estate portfolio.
In Antalya , he opened the luxurious Armas Labada Hotel. He quickly rose to prominence in the business of all-inclusive hotels.
The entire process was completed before he founded the successful real estate company Bayrock Group.
Donald Trump has followed the trend to invest in the Turkish real estate market.
Through the partnership with Arif's Bayrock Group, Donald Trump recognized the potential of Turkish real property. Therefore, in 2010 Trump inaugurated the Trump Towers Istanbul.
They are two conjoined towers located in Sisli, Istanbul, Turkey. The first tower houses offices. building and the other tower is a residential tower which has more than 200 residents.
Bayrock The complex also has an upscale shopping centre with over 80 shops as well as multiplex cinemas. These are the first Trump Towers built in Europe.
Donald Trump, an American businessman, is in licensing partnership with Aydin Dogan who is an Turkish billionaire property developer.
Erdogan was also present during the launch in April 2012. His daughter Ivanka was also present. Many companies with headquarters in Europe and the Middle East occupy the complex.
Adi Chabli, a Miami-based developer, was the licensee in the beginning. He first brought Trump to Turkey and was the license holder before negotiating and transferring the rights to Istanbul and the Dogan Group.
The residential tower is home to the sole collective wine cellar in Turkey, the basement being constructed by Focus Wine Cellars.
Businessman from Iran Reza Zarrab is one of the most prominent tenants in the building.
Other celebrities who have real estate in Turkey
We know there are many investors searching for the best opportunities to invest in Turkey.
Some celebrities seem to have also adopted the fashion and decided to choose Turkey for their investments or holidays.
These big names are sure to amaze you with their stunning properties in Turkey.
Jennifer Lopez
Making an investment in a Bosporus View apartment in Atasehir in Asian Istanbul was the choice of the US singer-actress. The property was purchased by the actress-singer in 2012, and she returned last year to retrieve her keys.
Angelina Jolie and Brad Pitt
The world's most famous couple "Branjolina" has selected Urla in Izmir to offer themselves a vacation house. In 2015, they spent $2.7M for a property with an ocean view.
Bayrock Cristiano Ronaldo
Madrid's Portuguese footballer was able purchase a villa in Izmir worth $3.44million for a vacation in 2015.
Naomi Campbell
Famous British model and entrepreneur, the popular British model owns a Turkish island home. It is located at Playa De Cleopatra (also known as Sedir Adasi) in Turkey's Gulf of Gokova.
The house was a gift from her boyfriend for her 41st birthday in 2011. It was specially designed by an Spanish architect, to be designed like the Egyptian eye of Horus to shield her.
What is it that draws Tevfik Arif Donald Trump, and others to invest in Turkish real estate
Turkey is a key player on the international stage. The country has recently welcomed more foreigners. Turkey is a model of both worlds as a country located between the East and West.
https://www.crunchbase.com/organization/bayrock Turkey is not just an attractive destination to get second citizenship, but also gives an attractive return on investment.
Let's take Istanbul as an illustration. Tevfik Arif A few of Istanbul's most sought-after areas have penthouses, as well as new land developments being built in the suburbs.
Because of its Asian potential in the economy and its 'Western high quality of life It's a wonderful location for expats to reside in. This creates great investment opportunity in Turkey.
The legal systems, as well as the housing and architectural patterns of construction in Turkey have undergone a variety of modifications. The benefits of buying real estate in Turkey are listed below:
Housing is Cheap Compared to Other Countries
The real estate market in Turkey is only just entering the international market. This is why the cost of houses are attractive to many foreign nationals and ex-pats.
Even though luxury properties are being offered, there are two-bedroom furnished apartments available in coastal cities for less than $60,000.
Lucrative ROI
The Turkish real estate market is a great investment for long term investors who are looking to invest for the long term.
Turkish buyers have an advantage over those from Spain and Cyprus where the cost of property has increased, due to cheaper prices.
A well-maintained house can earn huge returns on the investment you make in Turkey with very little maintenance.
A Simpler Buying Process
The Turkish government has taken all the necessary steps in order to facilitate the process of attracting investment into the real property market. This is one reason why Turkey is a top choice for property investments.
https://www.linkedin.com/in/erkantevfikarif How to Get Turkish Nationality
One of the most significant benefits of buying property in Turkey is the chance to obtain a Turkish passport. That is why a lot of foreigners choose Turkey for their second home.
Tevfik Arif Bayrock Turkish citizenship via investment scheme: Expats could obtain Turkish citizenship after investing $400,000 in less than 60 days.
Turkey is a popular destination for foreigners seeking an option for a second home. This is why the country has endless opportunities for businesspeople, professionals or students as well as retired people.
It's worth looking for Turkish real property if you are looking to invest.
Homepage: https://www.linkedin.com/in/erkantevfikarif
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