More than 200 nationalities around the world are obtaining Turkish citizenship, which is very important due to the advantages of the Turkish passport on the one hand and the services and rights of Turkish citizenship holders on the other hand, in addition to the restrictions applied in many countries of the world on trade, travel and money transfer.
Before the cost of obtaining Turkish citizenship was a million USD, an official Gazette in September 2018 announced that the cost of citizenship of Turkey reduced to 250K USD, to attract the foreign traders and investors who consider Turkish citizenship a safe haven for them and an alternative plan for their troubled countries economically or politically.
Many of obtainers for citizenship, do not pay attention to the investment process, as if they are buying Turkish citizenship without giving attention to creating a succeful investment that generates money on them, perhaps better than their basic profession, we saw to write this article to explain the importance of investment in Turkey and what can the investor get within this budget.
Before we start with this, we must mention the necessary documents and the steps required to obtain Turkish citizenship,
What are the documents required to obtain Turkish citizenship in exchange for buying a property in Turkey?
What are the documents required to obtain Turkish citizenship when buying a property in Turkey?
What are the steps to obtain Turkish citizenship by buying a property in Turkey?
After we mentioned the legal aspects, we can move on to the most sensitive issue, lets start with following question:
What can I invest in the Turkish real estate market?
When you contact any real estate consulting company and ask them for investment advice in order to obtain Turkish citizenship, you will immediately find 4 answers that will mention and then we will discuss each of them:
Let's discuss the answers in details to clear them,
1- You can buy four properties and sometimes 6 in zone C of Istanbul with a value of 250K USD.
This zone, as noted in the above drawing, represents the outskirts of Istanbul, far from the real Istanbul center, which includes a very large number of ready-made and under construction housing projects and a high ratio of its properties not sold until now, we talked in one of our previous articles about the elements of a successful real estate investment in Istanbul where it was:
Therefore, any offer of investing 250K USD in zone C does not achieve the elements of successful real estate in Istanbul, we can consider it as a losing investment, you can easily lose at least half of your capital when reselling your properties after 3 years or more, especially if the motivation that encouraged you to invest in these areas only to get many properties with relatively large square meters without giving them attention to the rest of the other basic ingredients.
Therefore, we recommend that you discuss any offer made to you with real estate consultant to clarify if this property is profitable or losing investment.
2- You can buy 2 and sometimes 3 properties in zone B of Istanbul, which its value around 250K-260K USD.
The same talk in zone C applies to zone B regardless of the number of apartments that you will get or the square meter of each apartment, this zone remains far from the center of Istanbul and remains an emerging and residential zone more than being an investment zone, the offers in it is extensive vary and the demand is average, regardless of packaging of the offers presented as being a rental guarantee due to its hotel apartments or they are apartments suitable for offices or commercial stores, and regardless of the rhetoric that misleads the foreign investor with poor information on the Turkish real estate market such as Basin Express is the modern Istanbul center, or the famous Basak square will get cover Taksim square popularity and many more.
All of the above has on value in terms of investment if it does not achieve the elements of a successful real estate investment that we mentioned above.
Sisli will remain the center of business, even after decades, and Taksim square will remain the best due to its historical and touristic importance, which surely surpasses the Basaksehir square now and in the future.
3- You can buy one investment property in Zone A from Istanbul, at a value of 260K-350K USD.
You will find in the distinguished real estate from zone A that you will get within your budget a room apartment and a hall only and sometimes two rooms and a hall, most of the offers will be with a budget higher than 270K USD also the price of one property may reach 400K USD because the real estate in the centre of Istanbul is not encapsulated offers to obtain citizenship Turkish valued only 250K USD, but they are real investment offers and each property has its advantages in terms of location, finishing, floor, etc.
The city centre represented by zone A is distinguished by the following:
Many other detailed reasons for preferring the centre of Istanbul to investors, you can get to know them completely by contacting our advisory team.
4- You can buy real estate in the Asian side of Istanbul for 250K USD or in another city outside Istanbul.
The Asian side of Istanbul is a modern residential and investment environment that is not hostile to foreigners, as in the European side which includes the majority of foreigners in Istanbul.
Real estate in the Asian side close to the Bosphorus is quiet and luxurious residential real estate that is equal in prices. Real estate in the European side is also sometimes superior to it. As for investment in the Asian side, it has lower returns on profit than the European side, as we said that the elements of a successful real estate investment are the fact that the price per square meter in the project to buy the property has less than the neighbouring projects and this is achieved in the centre of Istanbul in the European side, because it has urban regeneration areas and therefore the new projects are carrying distinctive investment opportunities. In the European side of Istanbul, the urban expansion was rapid and random during the past 60 years and therefore now there are areas which is an old building that is rebuilt, and it constitutes a very valuable investment opportunity, while the Asian side of Istanbul is a modern side that has been systematically built, so we cannot find the same opportunities that exist in the European side.
In other Turkish cities outside Istanbul, we say that Istanbul is distinguished from the rest of Turkey by the following:
To answer the question, it is necessary to identify other cities, and accordingly we reach the answer, but generally, Istanbul is distinguished from the rest of the cities of Turkey by the following,
The only advantage that a foreigner may be looking to buy a property outside Istanbul in Turkey is the price difference, and this is true, but we should not forget the following points:
It can be said buying real estate in Turkey outside the European side of Istanbul remains at the specific desire of a specific type of customer and constitutes the small percentage of investors in general Turkey.
In conclusion, we will provide important advice to everyone who wants to buy a property in Turkey,
Whether for living or investment
If your goal is residential, then:
If your goal is investment, then:
Here are the numbers you can directly reach us