Explained: What Draws Donald Trump, Bayrock Group's Tevfik Arif and Cristiano Ronaldo to Turkey's Real Estate Market?

The real estate market in Turkey has become a hotspot for foreign investors such as Donald Trump, the founder of Bayrock Group, Tevfik Arif, and footballer Cristiano Ronaldo.


The real estate market in Turkey has become a hotspot for foreign investors in recent years.

Among the people who have been drawn to the country on the edge of Europe and Asia are Donald Trump and Tevfik Arif, the founder of the real estate development firm Bayrock Group.

Turkey has done a lot to attract foreign investors like Donald Trump, Tevfik Arif and Hollywood celebrities.

Let us dive into some of the initiatives.

Turkey: Affordable real estate opportunities between Europe and Asia

The Turkish government has been making significant strides in recent years to improve the economy and make it more investor-friendly. 

As a result, Turkey has become a hotspot for real estate investment. 

Here are some of the key reasons why people are investing in real estate in Turkey:

1. The Turkish government is committed to economic growth and has been making major investments in infrastructure. This attracts foreign investors and makes Turkey a more attractive place to do business.

2. The Turkish lira is still relatively cheap compared to other currencies, making property prices in Turkey very affordable.

3. The Turkish real estate market is booming, with increasing prices every year. This presents an excellent opportunity for investors who want to profit by buying property in Turkey now and selling it later at a higher price.

4. The Turkish government has been relaxing its visa requirements for foreigners, making it easier for people to invest in Turkish real estate.

5. Turkey is a culturally diverse country on the edge of Europe and Asia. This makes it an attractive place to live or invest in.

People invest in real estate for a variety of reasons. 

Some people invest to gain income from rental properties, while others secure their retirement. 

Whatever the reason, there are many perks to investing in real estate in Turkey that commoners, celebrities and businessmen like Donald Trump and Bayrock Group's Tevfik Arif can benefit from.

Benefits of investing in the Turkish real estate market

Real estate in Ankara, Istanbul or Izmir may be the perfect option if you are looking for a stable and lucrative investment. 

Here are some of the benefits of investing in property there:

1. Turkey is one of the fastest-growing economies in the world. This makes it a prime location for investors to capitalize on rising property values.

2. The country's real estate market is very diverse, offering everything from beachfront homes to apartments in bustling cities. Whether you are looking for a holiday home or an investment property, you are sure to find something that suits your needs.

3. Turkey's property prices are still relatively low, making it an excellent option for investors looking for a bargain. You can buy a spacious apartment in a prime location for a fraction of the cost of similar properties in other countries.

4. The Turkish rental market is booming, with local and international tenants' demand. This makes investing in property an attractive proposition from a financial standpoint.

5. Turkey is a stable country with a strong economy. This makes it an attractive place to do business and provides investors with peace of mind.

Istanbul's Trump Towers - the first on the European continent

Donald Trump also found Turkey attractive when he opened his first Trump Towers on the European continent in 2010.

He chose Istanbul, where the two towers still stand to this day.

While one of the buildings is filled with offices, the other one consists of over 200 apartments.

The residential building also has a wine cellar, spa facilities, a gym, an indoor pool and floor-to-ceiling windows.

Employees of companies residing in the business building can also take a swim in their indoor pool, work out in the building's gym or pamper themselves in the beauty center.

Bayrock Group's Tevfik Arif makes the first move

Tevfik Arif, the founder of Bayrock Group, was one of the first to set his sight on Turkey, when he moved to the country in 1993.

There, he emerged as one of the pioneering forces behind the all-inclusive hotel concept, which has gone from strength to strength ever since.

He, for instance, opened the Labada Hotel in Antalya.

Except for Donald Trump and Tevfik Arif of Bayrock Group, several high-profile celebrities have bought a property in Turkey in recent years.

These include Hollywood stars Brad Pitt and Angelina Jolie, who purchased a home outside of Izmir, and footballer Cristiano Ronaldo, who snapped up a villa on the Mediterranean coast near Izmir in 2015.