Real Estate Investment in Turkey: What Attracts Donald Trump, Bayrock Groups Tevfik Arif and Other VIPs?
Real estate veterans such as Donald Trump and Tevfik Arif, the founder of Bayrock Group, are among the people who have invested in property in Turkey.
Over the years, multiple international corporations and celebrities have invested in real estate in Turkey. Among the investors are theBayrock Groupfounder,Tevfik Arif, the former American president Donald Trump and world-renowned singer and actress Jennifer Lopez.
Many factors make Turkey attractive for real estate investments from abroad.
The country has a stable economy and a growing population, which is good news for investors.
In addition, Turkey has a well-developed infrastructure and offers excellent investment opportunities.
The Turkish property market is booming, and there are many opportunities to invest in residential and commercial properties.
The country is a great place to invest your money, as its economy is strong, and it is predicted to continue growing in the years ahead.
Furthermore, the Turkish lira is weak against other currencies, making affordable property prices for foreign investors.
Buy property and gain Turkish citizenship
The Turkish government is doing its best to make Turkey an attractive destination for foreign investors.
Turkey is also politically stable, and its location between Europe and Asia makes it a strategic gateway to doing business in both regions.
It has introduced several incentives, including tax breaks and visa exemptions, to encourage investment in the country.
Buying real estate in cities like Istanbul, Ankara and Antalya is not only cheap, but it also grants you Turkish citizenship if the purchase is of at least $250,000.
The buyers spouse and kids below the age of 18 will also receive Turkish passports.
When Turkey introduced citizenship through buying property program, the house or apartment had to be worth at least $1 million, but the amount was eventually lowered.
Since then, the program has become increasingly popular.
ATurkish https://www.realestaterama.com/bayrock-group-journey-from-suburbs-to-manhattan-ID053684.html passport grants you visa-free access to 64 countriesand is the 41st most powerful passport globally.
Tax benefits for Tevfik Arif and Donald Trump
While the Bayrock Group founder, Tevfik Arif,Donald Trumpand Jennifer Lopez probably did not invest in Turkish properties to gain Turkish citizenship, the countrys lucrative tax benefits could have caught their attention.
Buying property in Turkey is not only cheap, but it also comes with significant tax benefits.