İstanbul, Beylikdüzü. Imperial Plaza

Transcription

1 İstanbul, Beylikdüzü Imperial Plaza

2 About Turkey The Turkish Government has created a stable platform for the economy The Turkish market has undergone a major transformation in the last 10 to 15 years. Since 2002 Turkish government has created a stable platform for the economy. Over the past few years Turkey has had one of the highest GDP S in the world. All the rating agencies such as Fitch, Standard and Poor and Moody's have all increased the countries ratings to investment level or better. The Turkish Government has amended a series of laws in 2013 in order to create a better environment for investment. Making it easier for all different nationalities to buy in Turkey. 5th largest labour force compared with the EU; a huge consumer base and highly motivated work force. Easy access to 1.5 billion customers in Europe, Eurasia, the Middle East and North Africa. Youngest population compared with the EU as a whole, 60% under age of 35. Low taxes & incentives.

3 About Istanbul Turkish government forecasts Istanbul is to be Europe s premier buy to let city in 2013 (Wall Street Journal). Turkish government forecasts the need for 2.5 million new homes by Anticipated 500,000 new buyers annually for both residential and commercial property. New mortgage legislation allows foreigners and locals to borrow, driving prices upwards. High rental yield with returns above 7.5% - 10%, long term local tenants. 35% rise in investment from Arab nations. One of the world's fastest growing economies GDP averaging 8% per annum in the last 5 years. Regional HQ for blue chip companies Including Sony Ericsson, Microsoft and Coca Cola. Current population is estimated at 15 million, increasing by approximately 250,000 a year. Istanbul is the Number one city in Europe for capital growth. One of the world's most historic, youngest and exciting cities. High capital growth forecasted for the next 5 years in excess of 15-20% per annum. Excellent rental yields of 6% to 10%.

4 About Beylikdüzü Imperial Plaza is located in Istanbul, in Old Beylikdüzü. Beylikdüzü has one of the strongest growth scenarios within Istanbul. This is due to its proximity to the city centre combined with the benefits of living in a well serviced environment away from the over-crowded city centre. Price indicators show 20% growth on current projects from off-plan to completion in 18 months. Beylikdüzü is Istanbul s newest and fastest expanding suburb with sports, cultural and shopping centres. Ataturk International Airport is only 15 km away and Istanbul s proposed third International Airport at Silivri will be only 10 minutes drive away. Great metro link now opened. Located close to Istanbul s main Ataturk International Airport. The new Metro link is now built which gives quick access to the city centre. 4 th largest shopping centre in Europe has just opened in Beylikdüzü.

5 About Imperial Plaza Imperial Plaza s facilities are Roof top open air swimming pool Roof top indoor swimming pool Roof top Cafeteria Steam Room, Sauna Fitness Club, Spa Centre Children day play area Pool decking Massage room, Turkish bath Landscaped garden Restaurant, Café, Private underground parking 24h security & CCTV Video-monitored door system Shops Imperial Plaza is completing In April 2014! There are various types of apartments available. Imperial Plaza is close to E5 & E6 motorways, Metrobus, clinics, shopping centres, hospitals main airport, beach and 4 universities. What characterises Imperial Plaza is the contemporary design and modern layout; one superbly designed block. 15 residential floors.

6 About Student Lets Student Lets demand at Imperial Plaza Beykent university has a number of buildings around Istanbul mainly situated in Beylikdüzü the student enrolment is around 15,000 students per year. Gelisim University 2500 students, with 3 faculties and international students; located in Avcilar. Fatih university has the highest number of international students (from 102 countries) among Turkish universities, which makes it the most colourful Turkish university. Tuition fee is lower for international students than for native students. The number of students obtaining education locally at the university is around 14,000. Arel university has around 26,000 students each year. Istanbul university which has a teaching staff of 2,000 professors and associates and 4,000 assistants and younger staff. More than 60,000 undergraduate and 8,000 postgraduate students follow the courses offered by Istanbul University every year. The development benefits from being just a short walk away from two Universities, as well as having links to the City Centre from the adjacent Metro Station. The main Istanbul University is only 15 minutes away. The main local private medical centre Medicana is a short walk across the road and Medlife few mins drive. During the 5-year assured income period, the property is completely looked after by our professional Management Company, who are based in one of the retail units below the student accommodation. This is both extremely convenient and reassuring, and also means that our staffs are on hand to provide all after care needs. With assured 6.0% returns for 5 years on a completely hands-free investment, this truly is an incredibly rare and attractive investment opportunity overseas. Finding student accommodation could never be easier! Universal21 Student Homes is a dedicated student s lettings service offered by our well-established rental organisation. Students can search for places to live by university, college or location. Start your student home search with Universal21.

7 Typical Studio Studio Apartment plus deluxe pack. Sizes NET m² m² Sizes GROSS m² m² Prices from 36,500-38,500 Rent per month 800 TL 900 TL per month Reservation fee* 3,000 Price includes full furniture pack 3.5 TL= 1.00 used for conversion rate 5 Year Rental Assurance at 8.0%. The price is fully inclusive. No capital gains tax on resale after 5 years.this is a proper studio which can be resold as an apartment. *Note: The reservation fee will be used to cover all the normal legal fees and costs.

8 Typical 1+1 Apartment One bedroom apartment plus deluxe pack Sizes NET m² m² Sizes GROSS m² m² Prices from 54,500-70,000 Rent from 950 TL TL per month Reservation fee* 4,000 Price includes full furniture pack Rent Guarantee at 6.0%. Followed by new agreement on either a rental guarantee or on a rental management basis. You choose! *Note: The reservation fee will be used to cover all the normal legal fees and costs.

9 Typical 2+1 Apartment Two bedroom apartment plus deluxe pack Sizes NET m² m² Sizes GROSS m² m² Prices from 80,000-93,000 Rent from 1200 TL TL per month Reservation fee* 5,000 Price includes full furniture pack Ll 5 Year Rental guarantee at 5.5%. Followed by new agreement on either a rental guarantee or on a rental management basis. You choose! *Note: The reservation fee will be used to cover all the normal legal costs.

10 Typical 3+1 Apartment ISTANBUL STUDENT LETS *Note: All the normal legal fees and costs, including conveyancing fee, are extra. Three bedroom apartment plus deluxe pack Sizes NET m² m² Sizes GROSS m² m² Prices from 114, ,000 Reservation fee 5,000 Price includes full furniture pack Conveyancing fee 1,000 Inc. VAT Reservation fee deducted from final balance For Personal Use. Universal21 Rental Management Agreement 10% +VAT.

11 Payment terms Reservation Fee 4, ; 5, Complete documentation and paperwork including sales contract. A first payment of 45% is required on signing. Two months later on title transfer you will have to pay a further 45%. On delivery final payment of 10% of sale price. All legal fees, stamp transfer tax, military check, notarisation of passports and power of attorneys are included in reservation fee (1+1 & 2+1) included in price. Rental assurance commences within three months of completion to allow sufficient time to clean, furnish and advertise locally. All rentals are paid into a local bank account in Turkish Lira, the price is fixed for the duration of the contract at time of contract. After the rental assurance we are able to provide full rental management for 12% plus vat of the rental income. The property should be kept for a minimum period of five years to avoid any capital gains tax.

12 City Investment Prospects Rank City Existing Investments New Investments Developments 1 Istanbul Zurich Munich Hamburg London Warsaw Paris Stockholm Copenhagen Moscow Frankfurt Helsinki Dublin Vienna Brussels Prague Edinburgh Lyon Athens Milan The emerging cities of Istanbul and Moscow also score highly. Though Istanbul has been rated more highly in past Emerging Trends Europe surveys, deal data show transactions are limited by comparison 538 million for Istanbul to the third quarter of 2012 versus 3.3 billion for Moscow. It s Berlin and London for core. But it s Istanbul for opportunity. The Turkish city was ranked first in the previous two Emerging Trends Europe reports and is another top pick this year. It is Istanbul s exciting economic and demographic potential that keeps it popular with interviewees. With half of its 75 million people under the age of 29, Turkey s demography is hard to ignore, and its economic growth rivals China s. Expectations Regarding Amount Invested, Rents and Capital Values for 2013 Emerging trends in real estate Europe 2013 extract from PWC report. All rights reserved.

13 City Investment Prospects As a result, Istanbul is changing fast. Auction house Sotheby s has set up shop there, one of a band of international luxury names keen for a foothold as incomes rise. Global companies such as Nestlé and Microsoft, as well as newcomers from banking and insurance, are establishing bases, drawn by the proximity to cities in Russia and the Middle East. Strong demand for prime retail space keeps the city centre thriving. Recent changes have eased restrictions on foreign ownership of Turkish real estate, as the government seeks to court international capital and transform Istanbul into a regional financial centre. GYODER, Turkey s Association of Real Estate Investment Companies, estimates the change will boost investment in real estate by $5 billion a year. Emerging trends in real estate Europe 2013 extract from PWC report. All rights reserved. But a fragmented market and lack of institutional-quality assets make deals hard to secure.

14 City Investment Prospects Rank City Amounts Invested Rents Capital Values 1 Munich Berlin London Istanbul Hamburg Paris Zurich Stockholm Moscow Warsaw Frankfurt Copenhagen Vienna Edinburgh Lyon Milan Prague Brussels Helsinki Dublin Emerging trends in real estate Europe 2013 extract from PWC report. All rights reserved.

15 Imperial Plaza

16 Furniture & Electrical Pack We offer competitively priced deluxe packs for your apartment which create a totally turnkey investment package. This is required if you want to take advantage of our rental guarantee options. We are offering this as as a fully inclusive package upon purchasing on the development. Furniture pack includes: High quality Furniture, Electricals & Lighting, Curtains, Carpets, Air Conditioning or Kombi heating system, and Accessory Items.

17 We offer competitively priced deluxe packs for your apartment which create a totally turnkey investment package. This is required if you want to take advantage of our rental guarantee options. We are offering this as as a fully inclusive package upon purchasing on the development. Furniture & Electrical Pack Typical One Bedroom Furniture pack includes: High quality Furniture, Electricals & Lighting, Curtains, Carpets, Air Conditioning or Kombi heating system and Accessory Items.

18 CONTACT Katiuscia Marotta Key Project Property Investment Ltd Mob. UK +44 (0) Mob. IT Web: DISCLAIMER: Property values can decrease as well as increase. No express or implied income claims are made herein. Neither the developer or the agent or any of its partners, directors, employees and or representatives will be liable for damages arising out of or in connection with the use of information provided in this presentation. The agent is not providing financial advice under the regulations of the financial services authority and we recommend that before making any decisions based on the information provided, that you should take independent legal and financial advice. The contents of this presentation and any other documentation provided has been provided in good faith and is not intended to form part of any contract. Any measurements and financial information should only be regarded as approximate.