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Coronavirus And How You Can Still Invest in Turkish Real Estate

As Turkey introduces more measures in order to beat the Coronavirus, coupled with the news that flights from 46 more countries are banned from entering the country. There is little doubt that Covid-19 is affecting many lives and livelihoods.

However, despite such desperate times, many investors are still considering how they can acquire new properties. They are also considering how they can acquire and/or passports, in safer countries. (For themselves and their families.)

The good news for investors is that, as borders close and fewer buyers are visiting Istanbul, there are fewer property sales, which can only mean that developers are worried.  This is turn is sure to see some good deals available, as developers are keen to make an extra sale. 

Fortunately, with the aid of modern technology and improved communications, Investors are able to take advantage of this situation, and beat the travel restrictions, by buying property without even visiting Istanbul – here’s how.

How to buy property from Istanbul Online

Turesta has the widest and most up to date portfolio in the market. Every listing has a detailed explanation, with location information, videos and price information.  And, with Turesta, you can relax knowing that you will not pay any commission or agency fee.  The price you see is the price you pay!

Turesta’s expert team is working remotely to answer all of your inquiries and can organize virtual Skype meetings with developers, to organize virtual tours of the property/properties you are most interested in.  During this process, our dedicated and professional team can answer all of your questions to give you peace of mind.  Once you have made your decision, a reservation fee is enough to start the buying process.

Turesta’s Aftersales Team can help you to arrange a Power of Attorney, following which we can continue the process of buying your property, without you having to leave the security of your own country.

Finding and Buying Real Estate in Turkey for Sale

Advantages of Buying Property Online

Knowledgeable investors know that timing is everything!  As the property market reels from the current situation, when working with Turesta, you are in the best possible position!

By buying online you have the advantage of having the time of your side, without having to worry about travel constraints, battling with traffic, etc.  All the information you need will be at your fingertips, direct from our website, or from our experienced and knowledgable consultants – who will liaise with the developers, and handle all the buying process, on your behalf, keeping you informed every step of the way, in a hassle-free and secure manner.

With the widest and the most up to date portfolio in the market, Turesta has a reputation for fair-trading, honesty, and credibility, which is why we continue to have good relationships with our customers, who have so far bought over 20.000 houses, with our help.

You will not pay any commission or agency fee…

One of the cornerstones of our success is that the properties we choose high standards of quality and design. Also, we choose it in optimum locations. Are you are looking for a home to live in or making a rational investment plan? We ensure that you get the best value for your money.   Not forgetting that, when you make a property purchase through Turesta, you will not pay any commission or agency fee.  The price you see is the price you pay!

Istanbul is a place for family life and a growing investment market for domestic and foreign investors. The city has many luxury flats and cheap houses for sale. There are also incredible luxury villas which are attracting investors’ attention.

If you are interested in learning more about how to buy a property in Istanbul, from the comfort of your home. Please call or message us.  Our Consultants are waiting to call you back, to explain how you can soon be the owner of a new property in Istanbul, with minimal effort!

Alternatively, check out the FAQ page on our website.Yyou can also find more information about the services we offer.

 

 

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Finding and Buying Real Estate in Turkey for Sale

Finding and Buying Real Estate in Turkey for Sale

Turkey is one of the most preferred countries in the search of investment. If you have been thinking about buying real estate in Turkey, whether for investment or living, now the best time. Therefore, in this article we want to introduce you to Turkey real estate market.

Where is Turkey?

Turkey is officially known as the Republic of Turkey. It is located at the crossroads of the Balkans, Caucasus, Middle East, and eastern Mediterranean. The country is a unique one which connects Asia and Europe. The part of Turkey in Europe is separated from Anatolia by the Sea of Marmara, the Bosporus and the Dardanelles. The country is positioned 95% in Asia and 5% in Europe. It is also surrounded by sea on three sides. The Mediterranean in the south, the Aegean in the west, and the Black Sea in the north.

Finding and Buying Real Estate in Turkey for Sale

Where Is The Capital of Turkey?

Ankara is the capital of Turkey. The city became the Turkish capital on 29 October 1923. It is the second largest city of Turkey. First largest city of Turkey is Istanbul. It located at the centre of Turkey’s road and railway networks. And Ankara also is one of the important commercial and industrial city of Turkey.

Turkey Real Estate

The real estate market in Turkey achieved nearly $29 billion in income in between 2011-2018. Istanbul was the first province with 58.488 sales in between 2015 and January 2020. According to information provided by the Turkish Statistical Institute (TurkStat), nearly 1.35 million housing units were sold in Turkey in 2019. While up to 45,500 houses were bought by foreigners, seeing a 14.7% increase compared to the previous year. In January 2020, 3.907 houses were sold to foreigners. In house sales to foreigners became 3.907 by increasing 23.3% compared to the same month of the previous year. Istanbul was the first province with 1.875 sales in January 2020. 

Real Estate in Turkey for Foreigners

Turkey welcomes foreign investors due to its advantageous programs. An investor may become eligible for Turkish citizenship upon purchase of real estate. When you buy property/properties, with a combined value of at least $250.000, you can apply to the Tapu Office and request to obtain Turkish Citizenship. Turkey has a privileged citizenship program for investors called “The Turkish Investor Program”. The program enables an investor to receive a Turkish Passport with same rights as a Turkish citizen. For more information about citizenship program, you can visit our “The Turkish Investor Program” page.

Which City is the Most Popular According to Real Estate Market?

The largest city in the country is Istanbul which natural bridge between Europe and Asia. It is the favorite destination for travelers with its nature, history and culture. Many thousands of tourists visit Istanbul every year, to savor the extensive historical sites which date back to the 6th century BC. The city divided into 39 districts.

The positive side to Istanbul is that it has a variety of options in terms of lifestyle, from a modern environment to traditional local settings. It boasts many appealing aspects such as a multicultural society, rich history and an advantageous geographical location. The city has many luxury flats and cheap houses for sale. There are also incredible luxury villas that attract investors’ attention. Buying real estate from Turkey can be a challenge. 

Real Estate Market in Istanbul

Istanbul is a place for family life and a growing investment market for domestic and foreign investor at the same time. The city has many luxury flats and cheap houses for sale. There are also incredible luxury villas that attract investors’ attention.

You can find properties in Istanbul with high standards of quality and in an optimum location to fulfill your expectations. Whether you are looking for your own home, or an investment property. Istanbul has a wide variety of real estate options.

International financial & real estate experts such as Deloitte, HSBC, Bloomberg, KPMG and Knight Frank are expecting property prices in Istanbul to keep soaring up in the next 5 year period due to below reasons:

    • It’s now cheaper and faster to build new properties thanks to improved construction technology
    • Increasing house prices driven by the demand & young population
    • Rising foreign demand in Turkish property market
    • Actual and forecasted record levels of tourism in Turkey
    • Extremely healthy economic conditions of Turkey

Istanbul Real Estate Statistics

In the 2019, real estate sales to foreigners in Turkey reached its highest level. Istanbul took the first place with 18,207 homes corresponding to an increase of 50 percent compared to previous year in 2019 Statistics. Turkish Statistical Institute (TurkStat) has announced that 113,615 houses had been sold in Turkey in January 2020. Istanbul took the first place again in list. It followed by Ankara with 11,989 house sales.

As a Real Estate Agency Turesta’s History

Buying real estate or any property in a foreign country, especially coupled with a Citizenship application, can seem very complicated.  Without doubt you need to find a professional and trustworthy real estate lawyer to guide you through your property purchase and Turkish Citizenship application. For that reason, you may have already discovered that there are many real estate agencies in Turkey.

What sets us apart from them is our integrity. As Turesta, we have a reputation for fair-trading, honesty and credibility, which is why we still have good relationships with our customers, who have so far bought over 20.000 houses, with our help.

One of the cornerstones of our success is that we always choose properties which have high standards of quality and design, in optimum locations. Whether you are looking for a home to live in, or making a rational investment plan, we ensure that you get the best value for your money. Furthermore, when you make a property purchase through Turesta, you will not pay any commission or agency fee.

If you are interesting in learning more or need advice regarding neighborhoods, please call or message us. You can also visit our office to have a chat with a specialist. For more information you can also look our FAQ page and services. 

 

 

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Buy Property From Istanbul Online

Due to current events, travels are limited. As a result, there is only one question in mind of those who are considering buying property from Turkey. How can I buy real estate from Turkey (especially from Istanbul) without coming to the country? Answer is simple: buy property from Istanbul online!

Turesta has the widest and the most up to date portfolio in the market. Every listing has detailed explanation, location information, videos and price information. In addition Turesta’s expert team working remotely to answer your enquiries.

Turesta Is With You…

Who are we? Turesta has the widest and the most up to date portfolio in the market. Every listing has detailed explanation, location information, videos and price information. In addition Turesta’s expert team working remotely to answer your enquiries. As Turesta, we have a reputation for fair-trading, honesty and credibility, which is why we still have good relationships with our customers, who have so far bought over 20.000 houses, with our help.

One of the cornerstones of our success is that we always choose properties which have high standards of quality and design, in optimum locations. Whether you are looking for a home to live in, or making a rational investment plan, we ensure that you get the best value for your money. Furthermore, when you make a property purchase through Turesta, you will not pay any commission or agency fee.

How to buy property from Istanbul Online

Istanbul is a place for family life and a growing investment market for domestic and foreign investor at the same time. The city has many luxury flats and cheap houses for sale. There are also incredible luxury villas that attract investors’ attention.

Turesta’s expert team organize virtual meetings with developers through Skype organize virtual tours in the property that they are interested. During this process our expert team answers all the questions you have in mind. When the investor made decision, it is required to send a reservation fee to start buying process. After this, investor should arrange power attorney, Turesta after sales team can walk you through these process step by step.

Advantage of Buying Property Online

Timing is everything when you are making investment, when you are buying property online, you are agile to make your decision in the right time. You are not restricted with travel agendas, you don’t have to travel across to city one project to another. You can see all the related details through our consultants or our website.

It is hassle free and secure, Turesta’s expert team will handle all the process on behalf of you, complete your property purchase process. Most of our clients doesn’t even have to move a finger when they are in Istanbul now you can get benefit of this service without leaving your country.

If you are interesting in learning more or need advice regarding neighborhoods, please call or message us. You can also visit our office to have a chat with a specialist. For more information you can also look our FAQ page and services.

 

 

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March 2020: Now is a great time to invest in Istanbul

Istanbul has long been a favorite destination for travelers whether for business or pleasure. And the number of property sales to foreign investors continues to grow. However, with the recent news announcement, which proves that there is every reason to be confident in Turkey’s economy. The property market is bound to see even more sales to foreigners over the coming months.  Of course, prices will rise, to meet demand, so there really hasn’t been a better time to invest in Istanbul!

Turkey’s Economy

Official figures just released show that Turkey’s economy grew by 0.9% in 2019, with GDP standing at $755 billion last year.  These figures have resulted in Fitch ratings upgrading Turkey’s 2020 GDP forecast by 0.8% to 3.9%, according to Douglas Winslow, the ratings service’s director, who explained that confidence in Turkey’s economic growth is increasing.

Turkish Government’s Plans

The Turkish government have also released plans which show acontinuing commitment to investment in Turkey’s economy, with 11 projects receiving funding totaling some $71m.  This announcement, together with news that further support is being introduced to increase Turkey’s tourism market, by removing the visa requirement for several countries, aiming to attract around 75 million foreign tourists by 2023, was welcomed by financial markets and industry bosses.

Undoubtedly foreign visitors will also see the opportunity to invest in the country’s property market and property sales to foreign investors is expected to increase month by month during 2020.

Invest in Istanbul, Turkish Citizenships and More…

Another indication that buying a new property in Istanbul is at the forefront of investor plans was confirmed by the news that Turkey has already granted more than 5,000 Turkish passports since legislative amendments were made 2 years ago. Turkey’s Interior Ministry said a few days ago that citizenship applications continue to rise, with 5,111 Turkish citizenships already issued, and a further 9000 still being processed.  Acquiring Turkish citizenship is an easy process for investors who buy Turkish real estate to the value of $250,000.  This figure was substantially reduced 2 years ago whichh ledled to a boom in demand for residential properties across the country.

According to information provided by the Turkish Statistical Institute (TurkStat), nearly 1.35 million housing units were sold in Turkey in 2019, with up to 45,500 houses being bought by foreigners –  a 14.7% increase compared to the previous year.

If you have been thinking about buying a home in Turkey, whether for investment or living, now is the best time. Furthermore, Turesta’s reputation for integrity and good service. backed up with a no-fee service, and smart legal team will ensure your purchase and citizenship application is a smooth and easy process.

As one of the industry’s longest established companies Turesta Real Estate offers  the best  service for investors. With our finger on the pulse, we are fully aware of latest legislative changes and offer sound advice and support to all investors. .  Our experienced Aftersales Department   can take care of your property, whether you are looking for a simple key holding and bill payment facility, or need to earn money by renting your property, our team is at your service in Istanbul

Turesta, a name you can Trust

For further information, or advice about investing in Istanbul , please call or message us. 

You can also visit our office in Istanbul, to  chat with a specialist

For more information please check out  our FAQ page and services.

 

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Istanbul, Turkey – Real Estate News February 2020

Istanbul, Turkey – Real Estate News February 2020. Yesterday saw an exciting news announcement. Turkey is relaxing visa rules for several countries, in an attempt to increase tourism and attract new business links.  A natural follow on from this rule, is that new visitors to Turkey will undoubtedly see the potential for buying property. They see the potential in places like Istanbul, Antalya, Bodrum etc, which will lead to increasing prices to meet demand.

The new law, aimed at attracting new visitors to Turkey, will come into effect from 2nd March, 2020, following which Real Estate experts believe that property sales to foreigners will increase.  Istanbul in particular is bound to attract more foreign property buyers, who may want a holiday home in this most exciting of cities, whilst other investors in Turkish property will buy in order to take a Turkish Citizenship by Investment.

Real Estate News Alert February 2020: Over 1.35 million Turkish properties sold in 2019

The sale of property in Turkey continues to rise, and foreign buyers were responsible for 45,500 house sales in 2019. An increase of over 14% on 2018 – over 20,000 of these being in Istanbul. It is one of the world’s favourite cities for tourism, education, business and living.  These figures are expected to increase in 2020, particularly with the news that travellers from the United Kingdom, Austria, Belgium, the Netherlands, Spain and Portugal will no longer have to apply for a travel visa, which will no doubt see property sales to foreign Investors reaching new heights.

As one of the industry’s longest established companies Turesta Real Estate is best place for investors. We offer advice and support to all investors. We are here with an excellent legal team to assist with Citizenship applications. And also we have a very experienced Aftersales Department who will look after your property in your absence. Turesta offer a commission-free service, backed up with our promise of competence, confidentiality and continuing service.

If you are interesting in learning more or need advice regarding neighborhoods, please call or message us. You can also visit our office to have a chat with a specialist. For more information you can also look our FAQ page and services.

 

 

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Everything About Real Estate Market in Turkey 2020

Turkey is a unique country which connects Asia and Europe. It boasts many appealing aspects such as a multicultural society, rich history and an advantageous geographical location. Just some of the reasons why Turkey is one of the most preferred countries in the search for investment about real estate. 

One of the best markets for foreign investors is the real estate market in Turkey. It continues to grow, day by day. This interest can be attributed to many factors. One of which is Turkey’s investment program, which offers dual citizenship to Investors.  Notably, the Turkish real estate market continues to attract increasing attention from foreign investors in 2020.

Real Estate in Turkey for Foreigners

Turkey welcomes foreign investors due to its advantageous programs. An investor may become eligible for Turkish citizenship upon purchase of real estate worth at least $250,000, in any area of Turkey. This program is called “The Turkish Investor Program”, which is a privileged citizenship program.

The program enables an investor to receive a Turkish Passport with same rights as a Turkish citizen, including the right to live, work, and enjoy easy access to the Schengen zone countries. Furthermore, through this program, for which demand is increasing every day, investors may also have the right to work and set up their own business .  They can also have access to education and healthcare services in Turkey.  In short,  when applying for Turkish citizenship, an investor may easily have a Turkish passport and become a Turkish citizen with full rights.

 

How Does the Citizenship Application Process Work in Turkey?

When you buy property/properties, with a combined value of at least $250,000, you can apply to the Tapu Office (General Directorate of Land Registry and Cadaster), and request to obtain Turkish Citizenship.

Your application is. sent to the Ministry of Environment and Urbanization, whose Appraisers check and verify the value of the property. The Ministry then places a statement on the Tapu (title deed) stating that you may not sell it for 3 years.

They then send your application to the General Directorate of Population and Citizenship Affairs. You are later invited to give your signature and receive your ID card and Turkish passport. Do not forget all nationalities who are able to buy property in Turkey, may apply for Turkish citizenship by investment.

Real Estate in Turkey for Sale – Buy Real Estate in Turkey

Most investors have the same question in their mind “How much is the total cost for my investment?”. Whilst this is a really good question, unfortunately there is no simple answer. The cost of buying a property in Turkey varies, within the range of 1% to 20%, depending on the investment you choose.

First of all there  are two major taxes you should consider when buying a property/properties.  The first one is the Purchase tax, also known as VAT. It is calculated according to specific variables of the property you choose, such as size, quality, location etc, and can be either 1%, 8% or 18% depending on certain criteria.  However, if it is your first property purchase  in Istanbul, you can take advantage of 1% VAT.

The second tax you should consider is Title deed transfer cost. Title deed transfer cost is determined by the Tapu Registration office and is calculated as 4% of the property purchase price. The Title deed transfer cost can sometimes be covered by the construction company depending on the project.  Alternatively, if you were to invest in an urban redevelopment project, you could benefit from a tax exemption scheme which covers the cost of the title deed transfer.

Thus, although there are many variables to consider when calculating the actual cost of your property purchase, we can say, in short, that you will pay an average of around 8.5% in taxes, on top of the property price, for your investment.

Real Estate Agents Turkey

You may have already discovered that there are many real estate agencies in Turkey. What sets us apart from them is our integrity. As Turesta, we have a reputation for fair-trading, honesty and credibility, which is why we still have good relationships with our customers, who have so far bought over 20.000 houses, with our help.

One of the cornerstones of our success is that we always choose properties which have high standards of quality and design, in optimum locations. Whether you are looking for a home to live in, or making a rational investment plan, we ensure that you get the best value for your money. Furthermore, when you make a property purchase through Turesta, you will not pay any commission or agency fee.

Luxury Real Estate vs. Cheap Real Estate 

Turkey is a big country and Istanbul is the most lively, historical and socio-cultural city in Turkey. Every investor can find whatever property he or she is looking for here. For example, If an investor is looking for a quiet, peaceful luxurious real estate to live in, he can find the most stylish properties in Istanbul.

Luxury real estate in Istanbul have many features such as private gyms, advanced security systems, safe parking facilities, restaurants etc. With well-planned spacious kitchens, modern stylish rooms and advanced design approach, the resulting quality of life serves to increase the value of your house. 

With so many different options to consider, it can seem difficult to find a property that is both luxurious and affordable. If you are an investor and you are looking for a cheap but also luxurious real estate, we can help you find it. We are confident that, with our experience in the sector, we can find you the best properties in Istanbul for Turkish citizenship by investment program – and we won’t charge you commission or agency fee.

Real Estate Lawyers in Turkey

Buying any property in a foreign country, especially coupled with a Citizenship application, can seem very complicated.  Without doubt you need to find a professional and trustworthy real estate lawyer to guide you through your property purchase and Turkish Citizenship application.

Turkey Real Estate Statistics

The real estate market in Turkey achieved nearly $ 29 billion in income in between 2011-2018. Istanbul was the first province with 58.488 sales in between 2015 and January 2020.

The number of foreign investor in Turkey in between 2013-2019;

  • 2013 – 12.181 foreign investors
  • 2014 – 18. 959 foreign investors
  • 2015 – 22.830 foreign investors
  • 2016 – 18.189 foreign investors
  • 2017 – 22.234 foreign investors
  • 2018 – 29.663 foreign investors
  • 2019 – 45.483 foreign investors

2019 Real Estate Sales for Foreigners

Turkish Statistical Institute (TUIK) announced the real estate sales statistics for the period of December 2019. Sales of real estate to foreigners increased by 14.7 percent in 2019 compared to the previous year. Istanbul took the first place in December 2019 with the sale of 2,650 real estate. Istanbul province was followed by Antalya with 957 real estate sale, Ankara with 317 real estate sale, Bursa with 212 real estate sale and Yalova with the sale of 154 real estate.

In January 2020, 3.907 houses were sold to foreigners

In house sales to foreigners became 3.907 by increasing 23.3% compared to the same month of the previous year. Istanbul was the first province with 1.875 sales in January 2020. The followers of Istanbul were Antalya with 762 house sales,. Ankara with 235 house sales, Bursa with 163 house sales and Yalova with 128 house sales.

House sales for foreigners, January 2020

Source: TUIK (Turkish Statistic Institute)

What is the Outlook of Istanbul Property Market?

International financial & real estate experts such as Deloitte, HSBC, Bloomberg, KPMG and Knight Frank are expecting property prices in Istanbul to keep soaring up in the next 5 year period due to below reasons:

  • It’s now cheaper and faster to build new properties thanks to improved construction technology
  • Increasing house prices driven by the demand & young population
  • Rising foreign demand in Turkish property market
  • Actual and forecasted record levels of tourism in Turkey
  • Extremely healthy economic conditions of Turkey

Best Real Estate

Finding the perfect home for yourself and your family can be challenging. Your expectations and your budget are going to be the first two important points in your search. When you tell us the kind of property you are looking for, and your preferred region, we will prepare a portfolio of selected properties, based on your requirements. Once you have completed your real estate investment, you will be entitled to apply for Turkish citizenship.

Turesta’s legal team and. After-sales Department will be at your service to offer guidance and assistance in all stages of your property purchase and. Citizenship application, including management of your property, if the purpose of your purchase is to achieve rental income.

Real Estate Companies and Agencies in Turkey

Istanbul is a place for family life and a growing investment market for domestic and foreign investor at the same time. The city has many luxury flats and cheap houses for sale. There are also incredible luxury villas that attract investors’ attention.

You can find properties in Istanbul with high standards of quality and in an optimum location to fulfill your expectations. Whether you are looking for your own home, or an investment property. Istanbul has a wide variety of real estate options.

In other words, the real estate market of Istanbul appeals to different investors for different reasons. If you are interesting in learning more or need advice regarding neighborhoods, please call or message us. You can also visit our office to have a chat with a specialist. For more information you can also look our FAQ page and services. 

 

 

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Pakistan and Turkey: Dual Citizenship Agreement

Pakistan Interior Minister Ijaz Ahmad Shah and Turkish Ambassador to Islamabad Ihsan Mustafa Yurdakul come together for a meeting on Thursday. They discussed a lot of issues and projects about two country. At the meeting they mentioned that Pakistan considered to signing of an agreement with Turkey. The agreement will be about dual citizenship for citizens of the two countries.

Pakistan – Turkey Dual Citizenship

According the newspapers, the Turkish ambassador said. “…the draft is under consideration and the Ministry of Foreign Affairs is on board with us”. And also added that “We hope to reach a mutual conclusion soon”. As a result it means two country considered make this agreement if they would agree about draft.

Pakistan Interior Minister Shah also mentioned to welcome a new training program for both country. He also said that the mutual training programs and upgrading of equipment of Law enforcing agencies with Turkey. And according the AA news agent, Yurdakul also informed the minister that the Turkish president is scheduled to visit Pakistan soon.

 

How to Get Citizenship in Turkey

The Turkish Investor Program is a privileged citizenship program which enables you to. receive a Turkish Passport, with the right to live, work, and enjoy easy access to Schengen. zone countries, by investing in Turkish real estate. You may become eligible for Turkish citizenship when you purchase real estate worth at least $250,000, from any area of Turkey. 

Furthermore, through this program, for which demand is increasing every day, you may also have the right to work, set up business, have access to education and healthcare services in Turkey, and subsequently, when you apply for citizenship, you may easily have a Turkish passport and become a Turkish citizen with full rights. For more information about Pakistan Turkey Dual Citizenship you can contact our office in Pakistan.

 

 

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Excellent Reason to Invest in Turkey

Turkey is one of the most preferred countries in the search for investment. As the first three reasons for this, we can say its geographical, social-cultural and economic position. Low costs, medium and high yields, economic growth and the legal advantages offered by the country can be given as other reasons for investment. In this article, we have compiled 4 reasons to invest in Turkey.

1. Turkish Citizenship

Turkey offers citizenship investment program. The Turkish Investor Program is a privileged citizenship program which enables you to. receive a Turkish Passport, with the right to live, work, and enjoy easy access to Schengen zone countries, by investing in Turkish real estate.

In 2018, Turkey announced that the amount of investment required to apply for citizenship is $250,000. With the amount of investment previously reduced from 1 million to $250,000, many investors had the chance to become both hosts and Turkish citizens.

2. Strategic Location

Turkey is one of the most visited countries in the world. Also, it is a natural bridge connecting Asia and Europe. It has many trade routes throughout history. Nowadays, Turkey still has a strategic location that is commercially sensitive for Asia, Europe and Africa.

 

3. House Prices and Low Cost of Bills

In recent years, Turkish lira lost value. As a result of this situation, Turkey’s international housing sales increased. Corporate Income Tax reduced from 33 percent to 22 percent for 2018, 2019 and 2020. Foreign investors may be exempt from this tax in whole or in part in some special cases.

4. Young Population

Turkey’s young population is very large compared to European countries. The young population is important for investors who come for real estate investment and business purposes.

If you are interested in buying property Turkey and want more information or advice about Turkish property law, or any other issue you can call or message us. You can also visit our office to chat with a specialist.

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How to Get Citizenship in Turkey

The Turkish Investor Program is a privileged citizenship program which enables you to. receive a Turkish Passport, with the right to live, work, and enjoy easy access to Schengen. zone countries, by investing in Turkish real estate.

Furthermore, through this program, for which demand is increasing every day, you may also have the right to work, set up business, have access to education and healthcare services in Turkey, and subsequently, when you apply for citizenship, you may easily have a Turkish passport and become a Turkish citizen with full rights.

“Turkish citizenship when you purchase real estate worth at least $250,000”

You may become eligible for Turkish citizenship when you purchase real estate worth at least $250,000, from any area of Turkey. Just tell us the property you are looking for, and your preferred region, and we will prepare a portfolio of selected properties, based on your requirements.

 

“How to get citizenship in Turkey?”

Once you have completed your real estate investment, you will be entitled to apply for.Turkish citizenship Turesta’s legal team and aftersales department will be.at your service to offer guidance and assistance in all stages of your property purchase.and citizenship application, including management of your property, should you wish to rent it.out after purchase.

For more information, you can also read our “Top 20 Question” article or you can download the PDF file that contains all the information here.

 

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Top 20 Question About Turkish Citizenship

The Turkish Investor Program is a privileged citizenship program which enables you to. receive a Turkish Passport, with the right to live, work, and enjoy easy access to Schengen. zone countries, by investing in Turkish real estate. We answered the 20 most frequently asked questions about this topic in 2019.

Q: How should I calculate the exchange rate of USD and TL?

A: On the date of your application, the Tapu Office will calculate the value of your investment according to the Central Bank selling rate, on the date of your transfer.

Q: How long does the process take to obtain Turkish Passport?

A: At the moment the processing time is between 3 to 4 months, but the Turkish Government  is eager to reduce this time.

Q: May I buy commercial properties with rental income and still get Turkish Citizenship by investment?

A: Yes, any property you buy counts towards your Citizenship application.

 

Q: It seems complicated to apply and get Turkish Citizenship. Do you offer any assistance for this process?

A: Yes. Our expert legal team is available to help you and to guide you all through the process.

Q: I do not have time to come to Turkey. How can I get Turkish Citizenship?

A: You just need to set up and send your Power of Attorney to us.  We can then follow all the processes, from buying your property, to receiving your Citizenship

Q: How many people may apply for on one Title Deed?

A: Only one person and family (spouse and children under 18) can get the Citizenship.

Q: I bought property property before 20.09.2018. May I apply for citizenship?

A: Yes.  If your investment was made before 20.09.2018, you can apply for citizenship by investing a total of $1.000.000.

Q: I bought property property before 20.09.2018. May I apply for citizenship by transferring ownership of my property?

A: Turkish laws restrict citizenship application via such transfer. You should sell your property and make a new investment to be able to apply for Turkish Citizenship.

Q: Do I need to complete Turkish Military Service if I become a Turkish citizen?

A: There are several answers to this question.  Children under 18 years old, will be obliged to complete Military Service when they reach military age.  It has a condition for dual citizenships; you can choose between your two countries. For example, If you have already completed Military Service in your own country,, you might need to prove it. For people older than 22 years old, you need to ask at the application stage whether there is a special condition at Population and Citizenship General Directorate for appropriate information.

Q: Which nationalities may apply for Turkish passport?

A: All nationalities who are able to buy property in Turkey, may apply for Turkish citizenship by investment.

Q: Can my mother and father obtain citizenship in Turkey? What about my child above 18 years old?

A: They can be eligible to apply, only if they buy property to the value of $250.000 or more, in their own name.

Q: I have an invalid (disabled) child above 18 years old? What about his/her situation?

A: Any dependent child, who is incapable of taking care of him/herself, can become Turkish citizens with their parents, on provision of special application documents which proves their disability.

Q: What are the required documents for citizenship?

A: We can help you to supply all the necessary documents after you have purchased property with us.

Q: You say, citizenship process might take 6 months time. Do I get Residence Permit on the application process?

A: Yes. A Residence permit (no:6458/31-J) is granted to you and your family.

Q: Is there any critical point that I should know?

A: The Turkish Ministry wants to be sure that the property value is a $250,000, thus sworn property valuation companies must verify that the price is correct, so as to prevent any price fraud. Appraisers might have up to 2-3% deviation (difference) than the property sales price, Turesta is able to advise you regarding property evaluation.

For more information, you can also read our “How to Get Citizenship in Turkey” article or you can download the PDF file that contains all the information here.

 

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