Buy a $250K Unit with 7% Yield + Turkey Citizenship?

[Silvio]

"Purchase a property for USD 250,000 or more and become a Turkish citizen. Today, you can consider buying a serviced apartment, with the view of letting it out, managed by the five-star Sheraton hotel chain: rental income is guaranteed with an interest rate of 7% per annum for three years. The Sheraton Residence is located in Bahçeşehir, which is one of the most elite districts of Istanbul. Covering 7,600 m², it includes a hotel, apartments (ranging from 98 m² to 370 m² in size), and offices. Residents have access to 24-hour room attendance, concierge and security services, technical assistance, room cleaning services, laundry and dry-cleaning facilities, as well as the business center, covered parking, a fitness center, a covered swimming pool, a heliport, and an art gallery. The term of guaranteed rent and the payback period of this project is 15 years.
Important: Only five apartments are still available for purchase at the Sheraton Residence."

Got it in the latest Henley & Partners newsletter.

Now the only question is it the rent in Turkish Lira or USD... as the Lira can crash a lot more than 7% per year 😉

 

[Nicholas Van Orton]

In Dubai's SAAM Vega development (Falcon City of Wonders), you get 8% for 12 years (ie, your money back + whatever the capital/property value change)...in AED, which (for now, at least) is pegged to the USD at a rate of 3.67...I did look at Turkey's 'guaranteed-rental' opportunities, and none came close to what I just posted, which made much more sense to me.

Further, you may also find plenty of those 3-to-5 year guaranteed-rental schemes in Dubai (7-10% yield). We've put up a scheme whereby foreign investors can tap into these types of opportunities, doing OK so far.

NVO

 

[Golden Fleece]

Turkey was an emerging economic powerhouse. Now its economy and its currency is in decline. Why? ErdoÄŸan.

Turkey is no longer a place to invest. It has now devolved to a speculation that requires vastly higher returns to account for the heightened political and economic risks caused by ErdoÄŸan.

And what good is a citizenship in an emerging pariah state? On the other hand, if things reverse, which rarely happens in the Islamic world once a strongman emerges, then you could get in on the ground floor.

Last edited: May 19, 2021

 

[troubled soul]

maxmmm said:
"Purchase a property for USD 250,000 or more and become a Turkish citizen. Today, you can consider buying a serviced apartment, with the view of letting it out, managed by the five-star Sheraton hotel chain: rental income is guaranteed with an interest rate of 7% per annum for three years. The Sheraton Residence is located in Bahçeşehir, which is one of the most elite districts of Istanbul. Covering 7,600 m², it includes a hotel, apartments (ranging from 98 m² to 370 m² in size), and offices. Residents have access to 24-hour room attendance, concierge and security services, technical assistance, room cleaning services, laundry and dry-cleaning facilities, as well as the business center, covered parking, a fitness center, a covered swimming pool, a heliport, and an art gallery. The term of guaranteed rent and the payback period of this project is 15 years.
Important: Only five apartments are still available for purchase at the Sheraton Residence."

Got it in the latest Henley & Partners newsletter.

Now the only question is it the rent in Turkish Lira or USD... as the Lira can crash a lot more than 7% per year 😉
Click to expand...

Is it possible to buy with bitcoin ?
Is it possible to buy remotely?

 

[CaptK]

Nicholas Van Orton said:
In Dubai's SAAM Vega development (Falcon City of Wonders), you get 8% for 12 years (ie, your money back + whatever the capital/property value change)...in AED, which (for now, at least) is pegged to the USD at a rate of 3.67...I did look at Turkey's 'guaranteed-rental' opportunities, and none came close to what I just posted, which made much more sense to me.

Further, you may also find plenty of those 3-to-5 year guaranteed-rental schemes in Dubai (7-10% yield). We've put up a scheme whereby foreign investors can tap into these types of opportunities, doing OK so far.

NVO
Click to expand...

Yes plenty of projects that give guaranteed returns.
Much better and stable than Turkey.

The UAE fully opens back up from tomorrow. Which means it will be the top destination for the world to go back to some form of normality.

 

[orangekangaroo]

With almost any rental guarantee scheme, you end up overpaying to get the guarantee. In Turkey there are reasonable opportunities in the secondary market.

 

[Silvio]

orangekangaroo said:
With almost any rental guarantee scheme, you end up overpaying to get the guarantee. In Turkey there are reasonable opportunities in the secondary market.
Click to expand...

100%... I've seen so many of these that add the "guaranteed rental income" to the purchase price so you end up paying for your own yield. And then when the guarantee period expires you see your rental income cut in half, or worse

Golden Fleece said:
Turkey was an emerging economic powerhouse. Now its economy and its currency is in decline. Why? ErdoÄŸan.

Turkey is no longer a place to invest. It has now devolved to a speculation that requires vastly higher returns to account for the heightened political and economic risks caused by ErdoÄŸan.

And what good is a citizenship in an emerging pariah state? On the other hand, if things reverse, which rarely happens in the Islamic world once a strongman emerges, then you could get in on the ground floor.
Click to expand...

100% agree, I wouldn't touch Turkey personally.

 

[Martin Everson]

maxmmm said:
"Purchase a property for USD 250,000 or more and become a Turkish citizen. Today, you can consider buying a serviced apartment, with the view of letting it out, managed by the five-star Sheraton hotel chain: rental income is guaranteed with an interest rate of 7% per annum for three years. The Sheraton Residence is located in Bahçeşehir, which is one of the most elite districts of Istanbul. Covering 7,600 m², it includes a hotel, apartments (ranging from 98 m² to 370 m² in size), and offices. Residents have access to 24-hour room attendance, concierge and security services, technical assistance, room cleaning services, laundry and dry-cleaning facilities, as well as the business center, covered parking, a fitness center, a covered swimming pool, a heliport, and an art gallery. The term of guaranteed rent and the payback period of this project is 15 years.
Important: Only five apartments are still available for purchase at the Sheraton Residence."

Got it in the latest Henley & Partners newsletter.
Click to expand...

Think this is a program aimed at neighboring wealthy Syrians, Iraqis and Iranians living in Turkey. What otherwise sane person would want a Turkish passport 🙁.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[lacomaco]

Have a look at Ladislas' summary about the Turkish investment property market, this guy cannot be easily fooled by smooth-talking salesmen or companies
https://thewanderinginvestor.com/in...ul-turkey-overview-and-what-to-watch-out-for/

 

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@lacomaco thank you very much for sharing this guy thu&¤# I am watching his videos now and reading blog very interesting god bless you