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Regular in-office price $80,000. Limited-time Promotion price $40,000 for 50 units. |
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Unit type
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No. of units
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sq.
ft.
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Purchase Price in US $
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Price increase
in US$.
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Studio units.
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360
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402
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80,000
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At regular intervals.
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Full price of the 5*Hotel condos is US$80,000. With the limited-time 50% promotion discount you can get it for $40,000. For $8,000 you can get fractional 20% of the condo.This promotion 50% discount price is for only 50 units. The 50 units Sell Out quickly at this $40,000 price. Then No more discount sales, and the price jumps 100% back to the original $80,000 price.
Reserve now to guarantee you get in while it's available. Today Special. Book any property for USD200 only. Link: Booking form.
To purchase you decide. Either go to the location to
complete the transaction, or do it online over the internet.
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2 Purchase Payment Plan Options are available to you: 1: Purchase paying 20% down only. Or
2: You can purchase full 100% ownership. Plus get free a Parking slot along with your condo. And get a discount also. The Buyer has to select only one
Option as given below.
As an example in the numbers below the price of a studio
unit is taken at the lowest promotion price of $40,000. However as price is increasing regularly. in future this price
will be more.
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1.
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Book with 20%
down payment only. 20%
down of $40,000 comes to $8,000. Pay $8,000 in installment.
25 interest-free monthly
installment payments of $320 each, for a total of $8,000. No need to pay
the balance 80% on completion of the building. Buyers when selecting
this monthly installment Payment Plan agrees to accept the details and terms of
the monthly payment plan. Link: http://www.eastwestdevelopments.com/finance.aspx OR you can pay in advance for the
full 20% purchase price and get a discount. Full 20% lumpsum purchase price is
discounted to $7,200 only.
Buy Back: Buyer starts making big money from booking date. On completion Buyer can opt to sell
their unit instead of continuing with the rental income. The developer is
contracted to Buy Back and give you US$16,000 on completion date. if paying $8,000 in installments, buyer's
Buy-Back income is $16,000. if paying $7200 in lumpsum, buyer's Buy-Back
income is more than double your investment back.
Rental Income:
Provided you do not take the Developer Buy-Back and decide to continue with your
unit. Rental income on 20% ownership is $2,365 per annum or 20% of the rental
income collected by the Developer, whichever is greater. if paying $8000 in
installments, buyer's Guaranteed
rental income is 30%. if paying $7200 in lumpsum, buyer's Guaranteed rental
income is
33%. This rental
amount is paid to you starting from the first month of completion.
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2.
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You can pay the full purchase price on booking. And get free a Parking slot along with your condo. And get a discount also. The
full payment price is reduced to $36,000. Pay $36000 in installments. 25 interest-free
monthly installment payments of $1,440 each for a total of $36,000. Buyers
when selecting this monthly installment Payment Plan agrees to
accept the details and terms of the monthly payment plan. Link:http://www.eastwestdevelopments.com/finance.aspx OR you can pay in advance for the full
purchase price and get a substantial discount. Full lumpsum purchase price is
discounted to $32,000 only.
Buy Back: On completion Buyer can opt to
sell your unit instead of continuing with the rental income. The developer is
contracted to Buy Back and give you US$80,000 on completion date. if paying $36000 in
installments, buyer's Buy-Back income is $44,000. This is
more than double your investment
back. if paying $32000 in lumpsum, buyer's Buy-Back
is 250%.
Rental Income: Provided you do not take the Developer
Buy-Back and decide
to continue with your unit. Minimum Rental income is $11,826 per annum or 50% of
the rental collected by the Developer, whichever is greater. if paying $36000 in installments, buyer's Guaranteed rental
income is 33%. if paying $32000 in lumpsum, buyer's Guaranteed rental
income is 37% This rental amount is paid to you
starting from the first month of completion. Plus you also get rental income from your free Parking lot unit.
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Please note: Your above Buy-Back or Rental returns are fixed for all buyers.
However the buying price keeps increasing. It started with $35,000. It may be over
$90,000 soon. The cheaper you buy - your returns will
be proportionally much higher.
Buyer on making the payment. will receive the RESERVATION ALLOTMENT CONTRACT. If
paying in intallments, Account statements are emailed to owners at regular
intervals.
100% owner gets 100% returns. 20% owner gets 20% of the returns.
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2 months before the completion of the building, Developer will inform you of your options. #1.You can either select the Developer Buy-Back
Gaurantee on grand opening date. OR
#2. As OWNER the buyer gets the ownership TITLE DEED and your rental income starts
on Grand opening date.
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Free 5* Hotel Property viewing. |
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2 months before
the completion date, the Condo Buyers and the full Parking slot Buyers are sent an
invitation to attend the Grand opening function of their hotel. Fractional
Parking slot buyers are not eligible for this invitation.
Invitation includes:
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One free
economy round-trip air-fare. Hotel transfers. 3 nights, 4 days stay. 4 days of Food &
drinks. Breakfast, Lunch, 2 hours of Happy hour every evening, Dinner. Snacks and beverage
served thru out the day. One day of sight-seeing. One day free for shopping etc. 100% Condo Buyers get Business class air-fare instead of economy and
stay in a VIP suite instead of the regular hotel room.
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Tour of the
property. During the tour the Buyer is offered Buy-Back at double his Purchase
price. Paid either by cash or check or wired to his account any where in the
world. If the Buyer does not take Buy-Back, then his rental income starts from
the grand opening date. 100% owner gets 100% returns. 20% owner gets 20% of the returns.
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For clarifications or questions on the
rental rates or Buy-back contact:
[email protected]
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When Buyer
wants to Sell out:
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The prices are projected to be 3-4 times by completion date. There are many exit strategies.
1. Developer Buy Back on completion date. With increased
value, developer will be only be too happy to buy buyer units.
2. Buyer can sell in the open market. To get an even
higher price.
3. The buyer can resell in the RESALE POOL to earn early
profits. For full Resale
pool details. Link http://www.eastwestdevelopments.com/resalepool.aspx
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Rental Rates, Turkey.
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5 star Hotels is good business. It gives very high rental returns.
Rental
Rates & your anticipated income:
For
comparision sake let us check the rental income on the Hillside Beach Club Hotel, a 4 star hotel resort in Fethiye, then we will see the following returns:- Average
Hotel Room (Studio) rate of $81 per night.
$81 per night multiplied by 365 day and again by 80%, the occupancy rate in Fethiye in 2014, statistics by the Turkish tourism,
this will total an annual rental revenue of $23,652. There are many operational expenses in running the hotel.
Total operational expenses are calculated at 50%. Buyer will receive $11,826, that is 50% of the rental revenues from the units. The Developer has committed to guarantee this as
the minimum payment to his investor buyers.
However this Rental income is calculated on a 4 star hotel.
Your condo will be in a 5 star hotel resort. Your revenues will be substantially higher than
this minimum of $11,826. Please note the Developer is committed to give you 50% of the Developer's rental revenue,
or this minimum of $11,826 whichever is higher.
It does not
matter if your particular unit is rented or not. As the revenue from all the
similar units is pooled together and the revenue divided in equal proportion
among the owners. Rental income and owner possession starts from day 1 on
completion.
The purchaser can use his purchase and stay in the hotel for
Free and when not using it is rented and making money for him.
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Comparison of these rental returns to renting out a condo
apartment:
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For argument sake let us compare the two rental
income results: Suppose the buyer had purchased a regular condo or house for
$40,000, and rented it out for say $400 per month. The property management fees
would be 7%. On top of that the daily and annual repairs and maintenance costs,
plus the insurance, property taxes, utilities, miscellaneous etc works out
another 18%. Total 25% =$100. The net in the owners hand is estimated at $300 per
month, x 12 = $3,600 annually. Compare this to the buyer's price of $40,000 on a
studio unit in the condo hotel, the annual rental revenues from the above studio
is 11,826. Plus the owners unit is always maintained to the 5 star level. The
buyer can compare and easily see which is a better investment.
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Turkey is a hidden paradise. There is an acute shortage of 5 star hotel
resorts in Turkey. In the next 4 years as the demand increases, the room rates
are likely to go higher and the occupancy percentage is also expected to
increase. The real estate prices are also appreciating at the rate of 15-20%
annually. Considering all this it is expected the revenues generated from the
studios will be substantially higher than the annual rental income of $11,826,
which is calculated as on today's prices.
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WORST CASE SCENARIOS: |
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Scenario 1: This is the expected scenario. Annual
revenues from a studio unit are expected to be $23,652. The owner's share at 50%
comes to= $11,826 per year. This is excellent profits and
income. |
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For argument sake let us take a worst case scenario: This scenario is not likely to happen, however the figures show
that even in the worst case, the buyer will still make good money. There is
nothing to worry.
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Scenario 2: Let us assume the
annual revenue is not $23,652 or higher, but less than even half of that say
$11,800. The owner's share at 50% comes = $5,900. Not bad even this is good
income.
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If still at lower revenues, which is not likely,
please note the buyers also have the developers guarantee of minimum $11,826
rental that kicks in. As such the owner's net income is always
guaranteed. Not bad, and if the revenues generated are higher, then of course
the owners make more money. |
So as the above scenarios show the buyer has all his
bases covered and is bound to make a profit on this project. First realistically it is not
expected the revenues to be so low as shown in the above scenario. Secondly the
owners can take a quick profit and sell their unit at any stage. Also Easy Exit. Developer
guarantees Buy Back at US$80,000 on completion. You get double your investment
back.
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Rental returns proves
that the owner units will appreciate in value significantly :
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In real estate a 10% annual net
return is considered to be a very healthy, and properties with that kind of
returns are closed immediately by the buyers. This is a question of economics
and demand and supply. A I0% return is considered a good return. Applying this
scenario to the owners in this property. The owners return of 50% on revenues of
$23,652 comes to $11,826. Using the 10% formula, this equates to a property
price of $118,260. Your pre buying price is $40,000, So the owners have an
equity of $78,260 built in their buying price. There is
a huge potential of value appreciation for the owners.
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These are the following key
advantages. |
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1 |
No risk of losing a dime of your investment |
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Flipping Returns of up to 380% |
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It is totally seamless, you do not have to do anything. |
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4 |
Performance in both up and down markets |
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A
famous American investor, Robert Allen, once wrote
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“If
you want to be wealthy don’t wait to buy real estate . . . . .
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buy
real estate and wait”.
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Location
Active map. Zoom in
or zoom out to change the View or change the style of the map.
Click: + or - To Zoom for full view. Click: Map for
Map view
Sat for
Satellite view
Ter for Terrain view
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Active map. If Map is not
displaying. Click here to View the map.
Turkey lies Southeast
of Eastern Europe. It is on the border of Europe
and Middle East. The proposed
building is in Arpacik,
Fethiye Town district on the Mediterranean coast
of Turkey.
It is a 3
stories Resort complex and have 40
units on each floor. It is a very good
location, close to the Beach, highway, good restaurants,
shopping, malls, schools, colleges, hospitals, public transport etc.
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All maps, dimensions, drawings, architectural plans,
building material and appearance, location, site area, lot size, dimensions,
shape and plan, construction start date, construction period, completion
dates, site & floor plans etc are approximate and information is subject to
change without notice. The Seller reserves the right to make revisions. Buyer
when making a purchase, agrees to accept these revisions. |
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Floor Plans |
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STUDIO 402 sq. ft. |
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1 Bedroom 1 bath 558 sq. ft |
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| 2 Bedrooms 2 baths 992 sq. ft. |
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Presidential Suites, 3 Bedrooms 1340 sq. ft. |
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Site visit:
Online sales get $5,000 towards the site visit. Link:
http://www.eastwestdevelopments.com/viewingtrip.aspx All persons are welcome to come and visit the site location. There
is no substitute for personally viewing the Site Land and the area. Or during
the construction stage. That is why when you purchase the developer is giving
you a site visit bonus of $5,000 to use as you like. This amount you may
use towards a site visit or keep as your savings.
Try
to visit the site. This would be a
good early opportunity to see firsthand all that this country has to offer.
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SITE VIEWING.
Every Friday at
3 p.m. (For Overseas Clients
only)
Contact:
Meet the Landowner, Turkey.
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Foreign Nationals:
Foreign Nationals (Not citizens of Turkey.) on completion
of the building will be issued Ownership Title units of the CondoHotel
Management company instead of the Ownership Title deeds. This CondoHotel
Management company will have under its wings the same number of
units in ownership as the same number of Foreign buyers. Example if 100 Foreign
Buyers purchase a condo unit, then this CondoHotel Management company will have
under its ownership 100 condo units. All the benefits, rental returns etc will
be exactly the same as the regular Buyers and regular property owners. This
facility is given to the Foreign buyers to help simplify their investing with
the East West Developments. This facility helps the Foreign Buyers to enjoy all
the benefits from the property, and makes
it easy for them to sell out when they wish to do so.
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Our goal is to make it extremely easy to participate in our projects. We will
listen to the investors goals and help them experience the magic of great
returns.
Investor Services
Real estate has always been one of the key drivers to accelerate growth in any economy.
Turkish Real Estate is at the beginning of
a dramatic growth phase. With the strong
economy growth, Turkey's real estate is promising the best returns and an investment opportunity window to those who step forward.
East West Development Co. has become a leading Turkish real estate service provider to the global market. We exclusively represent the top developers of
Turkey to provide a wide choice to a
global buyer. Our relationship with leading
financial institutions and Banks brings unique in depth market knowledge and access to financing and numerous real estate investment opportunities in
Turkey.
The condo hotel studio units, in size 402 sq. ft.
Lot Size: 5 Acres.
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Project Description: The Grand 5 Star Hotel and Convention Center, located in the heart of
Arpacik, Turkey, will be a five-star property. It will offer families, business travelers, conventioneers, and tourists the opportunity to stay and enjoy
and explore the hidden paradise, of the
Mediterranean Coast of Turkey.
Intended star rating: 5 stars. Location is very central. Close to all amenities,
shopping center, restarants, clubs, mall, public transport, schools, university,
hospital, medical services, post office, banks, train station, airport, taxi
stand etc.
A limited number of units will be made available in
new releases every month. Substantial price increases before completion.
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Building Features:
• Freehold residential hotel resort apartments.
• Luxurious finishing for the main entrance and for the main corridors.
• High quality durable finishing.
• Large lobby and corridors to give feeling of comfort and openness.
• High speed elevators.
• Central satellite system and intercom system.
• Central Air conditioning.
• Card Entry System.
• CCTV and 24 hours Security System.
• Fire Fighting and Fire Alarm System.
• gym, sauna, Jacuzzi, baby play area, party and meeting hall.
• Discotheque
• 5 restaurants and bars & coffee shops.
• Full-service spa and fitness center
• meeting and convention space
• Banquet Halls.
• shopping promenade
• Internet & Media lounge. |
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• Three swimming pools
• Party rooms
• Boutique spa
• Play center
• Tennis courts
• 12,000 sq. ft. convention & meeting space
• Business center
• High-speed Internet access & WiFi
• sport & activity center
• Outdoor tented reception area
• Wedding gazebo
• Terrace Steak House
• Pool bar & grill
• Lounge with nightly live music |
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Building Features & Services: As a
five-star condo hotel resort, The Grand Turkey will have a variety of
restaurants of extremely high standards, a lounge, a coffee shop, boutiques,
fitness center, spa, swimming pool, tennis, business center and ample meeting
space with state-of-the-art audio and visual equipment . The property will offer
valet, security and concierge services. Each unit owner will be entitled to
full hotel privileges, including daily housekeeping service, valet parking, gym
access and concierge services.
Price Increase: at regular
intervals.
Completion Date: December
2022. The valid completion date for
payment of Buy back and start of the Rental payments will be the date on the
offical Occupation Certificate as issued by the Building Department of the City.
Buyers
will be kept informed on the Construction progress. Construction updates will
also be posted on the website.
List of
Completed and Running Condo Hotels. 5 Star Condo hotels is good
business.
List
of Under construction Condo Hotels and developments.
List
of JV Developers and Builders.
Compensation paid to Buyers: The Developer guarantees that
the Condo Hotel will be completed on or before the completion date, except in
the event of force majeure, conditions that are beyond the control of the
developer. In case of the Developers delays in completion of the building
by the mentioned date, then the Developer will pay a penalty to the Buyers.
Penalty#1: The Developer
will give to the
Buyer of a 100% Studio unit 2 free Parking slots on completion. Similar pro-rata free units for other buyer
purchases. Example a buyer
of a 20% Studio
unit will get 2 free 20% Parking slots on completion.
Penalty#2: Provided any
rental payment or Buy back payment is late. The Developer
will pay late fees to the
Buyer at the rate of 16% per annum for the period late, till the promised
payment is paid.
Insurance during Construction: The Seller will at all times
throughout the course of the construction period, keep the Units insured to its
reinstatement cost for the time being with a reputable Insurer. In case of
destruction, all the damaged or destroyed parts will be reinstated by the
Developer who will apply the proceeds of the policy of insurance towards the
reinstatement. If the proceeds of the insurance are insufficient to cover the
cost of reinstatement, the Developer will make good any deficiency.
No price escalation during
construction: Any escalations in the price on
the cost of construction or for any other reason will be borne by East West
Development.
Contract Assignability: Yes, contracts can be assigned. That
means your reservation can be sold and assigned to a new buyer. This is highly
unusual in the U.S. and around the world, and it certainly is a benefit to
the buyer.
Franchise/Management Company: A worldwide international hotel chain,
not yet determined. Franchise will be a big chain like Ritz
Carlton, Fairmont, Hyatt, Marriott, Hilton, Sheraton, Intercontinental or
Meridien etc.
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Introducing: Turkey has been a an exotic place for over a thousand years. Its economy which has
grown by an average of 10% over the last decade (12% in 2012), it is easy to see
why Turkey has become a magnet for foreign investment. |
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Why Invest in Turkey? The
Economy |
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1. Turkey has consistently outperformed this growth rate.
2. Turkey exerts a magnetic attraction on foreign investment. International firms have attracted a pool of skilled ex-patriot workers, creating a demand for high quality property and serviced apartments. At the same time, the economic success has poured money into
Turkey and the local market for property has changed to reflect this greater wealth.
3. In the past few years, the Turkey administration has invested huge amounts in the improvement of road and transportation systems, which will influence the development of the price and functional configuration of real estate in the future.
4. Turkey will host many international expos a and events. Such events continue to raise
Turkey profile and draw further investment. All of which
further contributes to future growth and demand for
property. This means that the local economy and real estate market have many years of growth driven by strong economic fundamentals ahead.
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Why Invest in Turkey? The Real Estate Market |
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Turkey's explosive growth has guaranteed the status as one of world's most
attractive property markets. Between 2010 and 2013 apartments in some districts
of Turkey increased in value by 60 percent: The Municipality Statistics Bureau
calculates that across the Turkey, the price of real estate increased by 15
percent in 2013, and has jumped again by 17 percent in 2014. Despite such price
rises, Turkey real estate remains extremely cheap by international standards
and the strong economic fundamentals are set to push prices ever higher for some
years to come.
In addition, hotel space in Turkey is at a premium, with close to zero room
availability at some times during the year.
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Why Invest in Turkey? The Future |
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The Turkey Government recognizes that foreign investment is the best way to
bring wealth and economic growth to Turkey, and has worked to develop investment
conditions that welcome investors and ease the repatriation of wealth. Turkey
has always been open to international trade, but the level of
internationalization in Turkey is progressing very fast. Turkey already has a
large number of foreign schools, institutes, societies , organizations, medical
centers and many international foreign companies. Demand for rental property is
ensured by strong local demand combined with massive demand for hotels and
serviced apartments. Turkey has a sparkling future which will be reflected in
the property market. the property market.
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The Grand 5 star Deluxe Hotel Resort, Turkey.
Turkey is at the northeast end of
the Mediterranean Sea in southeast Europe and
southwest Asia. Turkey is bordered by
eight countries:
Bulgaria to the
northwest;
Greece to the
west;
Georgia to the
northeast;
Armenia,
Azerbaijan and
Iran to the
east; and
Iraq and
Syria to the
southeast. The
Mediterranean Sea
and
Cyprus are to
the south; the
Aegean Sea to
the west; and the
Black Sea is to
the north.Turkey has
become increasingly integrated with the
West through
membership in organizations such as the
Council of Europe,
OSCE and the
G-20 major economies.
Turkey is a member state of the
European Union,
NATO,
UN,
OECD,
WTO,
UNESCO and
other
international
organizations. Turkey began
full membership
negotiations with the
European Union
in 2005, having been an
associate member
of the
European Economic
Community since 1963 and
Economic Cooperation
Organization. The
Turkish Armed Forces is the second largest
standing
armed force in
NATO, after the
U.S. Armed Forces,
with a combined strength of 1,043,550 uniformed
personnel. Turkey is classified as a
developed country
by the
CIA and as a
regional power
by political scientists and economists
worldwide.
Turkey is a
high-income
advanced economy
with one of the fastest growth rates in the
EU and
OECD.
Economy of Turkey: The
Turkey economy is considered an
advanced economy.
Turkey transformed from a
centrally
planned economy
to a market-driven economy. Major
privatizations
are nearly complete, the
banking sector
is almost completely in private hands, and
foreign investment has risen.
Turkey has the
world's
15th largest GDP-PPP
and
17th largest Nominal GDP.
Turkey has recently been
characterized by sustained high
economic growth.
The GDP growth rate from 2008 to 2013 averaged
8.4%, which made Turkey one of the fastest
growing economies in the world during that
period.
Industry:
Turkey has a large
and growing
automotive industry,
which produced 2,147,110 motor vehicles in 2012,
ranking as the 6th largest producer in Europe
(behind the United Kingdom and above Italy) and
the 15th largest producer in the world. Turkey
is also one of the leading
shipbuilding nations; in 2011 the country ranked 4th in the
world (behind China, South Korea and Japan) in
terms of the number of ordered
ships, and also
4th in the world (behind Italy, USA and Canada)
in terms of the number of ordered
mega yachts.
Turkey's
geographical position in Eastern Europe has long
made Turkey a crossroads for
international trade
traffic. Various ancient
trade routes to
Asia, such as the Orient Express have crossed
territory of Turkey. Today Turkey s the road,
railway, waterway and airway hub.
Tourism:
Turkey is becoming one of Europe's
focal points for travel and tourism. Turkey
features natural landscapes, mountains,
caves,
medieval
castles and
towns, folk architecture, spas and
ski resorts.
The tourism sector has
experienced rapid growth in the last twenty
years. In 2012, there were 40,929,192
visitors to
the country, who contributed $31.9 billion to
Turkey's revenues.
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Additional 2 Bonus |
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1. Buyers
get Ownership Gold Card. Within 15 days of completion of the property,
All the Condo or Parking slot Buyers will be issued a 'Owner Gold Card.'
Fractional
Parking slot owners are are not eligible for the Gold Card.
With the Gold Card the owner is recognized as an owner of the property in the hotel. Benefits for the owner and his family members include stay in our chain of 5 star hotels worldwide.
Free stay for 100% Condo owners. 50% discount stay for 20% condo owners or the Parking slot owners.
Plus all the owners get 50% discount at all the other
hotel facilities, including restaurants, bars, coffee shops, club, spa etc The
card may be freely used to get a 50% discount at all the hotel facilities. If the owner sells the property, the Card will expire, and the owner has to return the card back.
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2. Free
Car: For the Condo or Parking slot
Buyers.
One Buyer will be the lucky winner . On completion of the building a
lucky draw will be held at the Grand opening function. One buyers will be the
lucky winner of a Mercedez Car S550 or $100,000
in cash in lieu of the car.
100% Condo
buyers get 2 draws. Only for the 100% Condo buyers, a 2nd Free Car draw for One
Bently Flying Spur or $200,000 in cash in lieu of the car.
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