With scores of foreign property buyers considering Turkish citizenship after the government slashed the costs of the criteria, we have put together a useful step-by-step guide for those thinking of applying. What's happened? Back in September 2018, the Turkish government reduced the qualifying criteria for a real estate investment from $1 million to $250,000. This has resulted in nearly 300 investors, mostly from the Middle East, applying for Turkish citizenship, and enabling more than … [Read more...]
Where are foreigners buying in Istanbul in 2020?
Istanbul remains the best-seller when it comes to foreigners investing in property on a month-on-month basis. July saw a 66 percent upswing in foreign buyers completing deals across Turkey, the country's biggest city by population remains at the pinnacle. Meanwhile, August property sales saw foreigners snap up 1,684 units in Turkey, with Iraqis, Saudis, Kuwaitis and Russians the most nationalities among the top five buyers. Again, Istanbul was the most popular, but which of its suburbs are … [Read more...]
Turkey to offer wealthy foreigners new citizenship
Turkey to offer wealthy foreigners new citizenship Turkey has stepped up to entice more wealthy foreign property investors - with the chance to apply for citizenship. The country announced it will grant citizenship to foreigners who buy property worth more than $1 million and a minimum of $2 million investment. Alternatively, foreign investors will be able to take up citizenship if they have more than $3 million in a bank account for more than three years. And with Istanbul set to … [Read more...]
Turkey: A Rough Guide
Location, location, location: When you come to stay in Turkey, the opportunities really are endless in picking the best location for a safe, secure and friendly stop. Here are TAM's top four locations: Istanbul If you are into shopping, culture, history and entertainment, then Istanbul, Turkey's tourist heartbeat will offer even the most discerning tourist the best there is. From museums, art galleries, major shopping centres, the Bosphorus River, historic attractions, such as the Blue … [Read more...]
Property buying in Turkey stays strong
Property buying in Turkey stays strongForeign investors are still bucking the trend and focusing on snapping up a diverse property portfolio across Turkey despite the recent troubles afflicting the country.Latest figures suggest house sales to foreigners – rather than stalling or tailing off – are still growing at a healthy rate. Property buying in Turkey grew by over 32 per cent in June compared to last year’s rates.Why’s that? And how do you overcome the preconceptions that you should sit on … [Read more...]
How To Rent Out Property In Turkey
So how do you join the growing number of investors renting out property in Turkey?How much rent can you expect to receive?These are just some of the questions we hear from investors so here is some advice we have put together to guide you through. … [Read more...]
