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INVESTOR GUIDE
Grsu Mah. 10. Cad. 25/C, Konyaalti ANTALYA / Turkey Tel: +90 242 229 6 229 Fax: +90 242 229 6 329 e-mail : invest@modelinvest.com
www.modelinvest.com
Enis Ocakli, founder of Model Invest Group, Engaged in land & property development business over 25 years
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Mission Statement Model Invest executives, through Ksanta De Luxe Hotel & Residence development are committed to develop efficient investment cooperation with international partners. Vision Statement During the development process, we will act with complete integrity and candor in all matters, always delivering on 100% of our commitments in an honest and professional manner. Business Strategy The experience in the property development industry reveals that behind our business success there is a core system of values that guides us.
Investing in Turkey
The land of beauty: Bordered on three sides by by 4 seas, Turkey's historical and natural richness attracts in excess of 30 million tourists yearly from all corners of the world. With its rich culture, advanced tourism facilities, hospitable people and unique cuisine, Turkey is worlds number 7 most popular tourist destinations. The land of variety and diversity: The Euro-Asian cultural harmony, seas and forests, old and new, nature and culture, sunbathing and skiing, daily excursions and nightlife, idyllic villages and modern cities, Turkish cuisine, swimming - All of these can be found in Turkey. The land of history: The greatest wealth of Turkey is probably history. Turkey was the home of many great civilizations throughout the history and is also the setting for many important events and legends. The ark of Noah landed on Mount Ararat, Santa Clause lived in Myra. First money was used by Lydians. Hatti, Asuria, Kommagene, Ionia, Pontus, Phrygia, Karia, Clycia, Hellen, Roman, Byzanz, Seljuk and Ottoman Turks are among the countless civilizations that rose or interacted in Turkey.
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Investing in Turkey
The land of growing economy: Stable rising economy, 2009 expected GDP grow; 5.6%, inflation rate 9,2% Worlds 17th largest economy Multiparty, secular democratic governmental regime EU membership forecasted for 2014 Double tax treaties with 73 countries. Secure deed registry for foreign investors (total deed transfer cost only 3%) Superb build standards, a large export base Turkey is worlds, 1st Hazelnut, cherry, fig, apricot, quince & pomegranate producer 2nd watermelon, cucumber, green pepper, olive & chick pea producer 3rd tomato, eggplant, lentil, pistachio & home textile producer 4th onion & marbel producer 5th Tea, sugar & cotton producer 6th Tabaco, apple & cement producer 7th Glass, almond & apparel producer 8th Wheat & raw wool producer 9th grapefruit & fertilizer producer 10th glass & lemon producer 11th raw steel producer 12th white goods producer 15th vehicle producer
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Politics / Legal
Democracy with a strong tradition of secularism. Elections are held every 5 years. The President is the Head of State. The Prime Minister and the Council of Ministers exercise executive authority. The Turkish Constitution establishes a separation of powers between the legislative, executive and judicial branches. Young population, average age only 27 Highly skilled professional workforce and entrepreneurism The Turkish administrative law is similar to the French system, Turkish criminal law has its roots in the Italian legal system and both the Turkish Commercial and Civil Codes are based on the German and Swiss legal systems. Turkish law both prohibits and sanctions unfair competition. Foreign Investment Law encourages foreign investments, applies international standards to the definition of investor and, most importantly, protects the rights of foreign investors. This law guarantees national treatment and comprehensive investor rights (e.g.: foreign companies are treated as Turkish companies) = the law does not distinguish between Turkish and foreign companies; both are treated equally.
Comperative Figures
Turkey Area km2 Cost Line km Population, estimated for 2009 Population growth % Urbanization % Average m2/ price of Luxury Hotel & Residences (e.g. Ksanta Residence) Deed transfer taxes & legal fees % 780.580 8.110 72.850.000 1,34 70
1.750
2.875
4.080
3.350
5.500
4,5
13-15
4,75
2,5
Largest cities of Turkey by population 1 2 3 4 5 6 7 8 9 10 Istanbul Ankara Izmir Bursa Adana Konya Antalya Mersin Gaziantep anlurfa 12,573,836 4,466,756 3,739,353 2,439,876 2,006,650 1,959,082 1,789,295 1,595,938 1,560,023 1,523,099 11 12 13 14 15 16 17 18 19 20 Diyarbakr Izmit Antakya Manisa Samsun Kayseri Balkesir Kahramanmara Van Aydn 1,460,714 1,437,926 1,386,224 1,319,920 1,228,959 1,165,088 1,118,313 1,004,414 979,671 946,971
Investing in Antalya
Investing in Antalya properties is now becoming more popular, especially since Spain, Bulgaria, Montenegro or Dubai are not producing those returns as in the past. In recent years there has been a 250% increase in the number of Britons buying property in Antalya for investment purposes. And a 120% increase of Russian buyers. Antalyas climate is characterized by hot dry summers with bright sunny days and pleasant mild winters . So, it is not just investors who are buying properties in Antalya. We now see more retirees from all over the world, choosing costal Antalya as their new home.
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Investing in Antalya
Antalya region offers views of the spectacular Taurus Mountains and the Mediterranean sea with beautiful blue flag beaches. The safe, warm, crystal clear waters are ideal for swimming, sailing, windsurfing, water skiing, snorkeling and scuba diving. Healthy and fresh produce provides delicious cuisine catering for all tastes. There are many restaurants, local kebab houses, bars and a buzzing nightlife. International airport offers easy access with flights to and from 45 cities of RF. The international community of West Europeans and Russian settled in Antalya contribute to city's life. There are 350 active Russian companies in the city, and Russians are either directors or partners in 275 firms.
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Investing in Antalya
Very popular international tourist destination (10 mil. tourists yearly) Some of the best coastal scenery in Mediterranean Europe During the season 412 planes land daily (110 from RF) Increasing demand on leisure related properties Flexible and expanding access routes Russian speaking diaspora (24.000) Increased environmental controls Political & economical stability Steady increasing land values Growing urban infrastructure Lower maintenance costs Modern shopping malls Organic agriculture Low cost of living 641 km coastline Free trade zone Russian schools Great climate
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Investing in Antalya
Turkeys annual production of fresh fruit and vegetable is 68 million tons and the export value is 1.2 billion . 21% of fresh fruit and vegetable export of Turkey materializes from Antalya. In winter period 70% of the total fresh fruit and vegetable export is actualized from Antalya. The main reason for this high portion is the greenhouse cultivation resulting from convenient climate. Antalya is Turkeys green house capital. Antalyas most important fresh fruit and vegetable export markets are ranked 1. Germany, 2.Greece, 3.Russian Federation, 4.Holland, 5.Romania Antalya is the center not only for fresh fruit and Vegetable export but also for fresh cut flower export. In 2008; 70% of Turkeys fresh cut flower export in value of 90 Million , was realized from Antalya. The free trade zone in Antalya is home to over 100 international companies, active in production of yachts, agricultural machinery, yachts instruments, medical instruments, textile products, air conditioners, electronical circuits and cheeps, chemical products, hotel equipments, automative spare parts, forestry products, fire equipments, tissue culture, cable confection.
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Basic property development activities: Off Plan partnership Land & infrastructure development Cadastral survey Project management Development in flat for land basis Feasibility studies Housing & commercial properties Sale of building material Legal and auditing consultancy Model Mortgage Finance Intern. marketing; buy to let & sell
Comprehensive property valuation expertize of housing, commercial or industrial property units Title deed registration formalities; residence permit, bank account, tax number, establishing companies, translation services etc.) Property management & After sales support (maintenance, repair, interior design, garden landscaping, relocation advice, insurance service, airport transfers, car hire, payment of bills etc.)
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The hotel & residence complex of 270 units (+70 hotel suites) is located on a hillside overlooking the most beautiful beach in the region. It is planned to take occupancy in May 2011. This is an excellent dont miss off-plan investment opportunity consisting suites, 1 or 2 bed room apartments, 2 or 3 bed room villas within the exclusive, fully managed Ksanta De Luxe Hotel in West Antalya.
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(TYPE B)
(TYPE C) Villas
(TYPE D)
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generated profit of Off Plan Investment is free from capital gain tax.
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Investment Strategies
Buying property off-plan before the development starts, and then selling at completion (or even before) and realizing the capital growth gained during the development cycle. In other words, you become an investing partner in the size of your share with the developer and share the general advantages. Lets assume you invest in 10 suite apartments each 56 sqm, at Off Plan phase, sqm price 1.200. 10 suite apartments x 56 sqm x 560 sqm x 1.200 = 672.000. You pay this amount not at once. So, you just pay 60% of it in instalments till the completion. For the rest payment of 40% you may prefer the credit program up to 10 years. Per sqm minimum sales price by completion will be 60% higher: 1.200 + 60% 1.920. Your investment of 672.000, becomes max. in 2 years 1.075.200 So, you pay 672.000 and actually make another 672.000.
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