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August 5, 2021

Why Turkish Property Buyers Choose to Invest in Istanbul

The Istanbul property market is undoubtedly Turkey’s most tempting place when it comes to attracting international investors from all over the world. Historically, Istanbul has always been the #1 destination in Turkey for domestic property sales. To make the picture clearer, Mann’s Solutions team prepared the list of the top reasons to invest in Istanbul Real Estate.

Global Tourism and Business Hub

Being one of the top travel destinations in the world, Istanbul, the cultural capital of Turkey offers something to each visitor. Located on the threshold of Europe and Asia, the city shows how East and West contrasting cultures can mingle as one and flourish.

Additionally, Istanbul is the number one city in Turkey for business, economy, and finance industries. The Turkish Government widely supports its citizens by financing young entrepreneurs and startup companies.

Modern Architecture

The government of Turkey decided to boost the Property market by developing new modern housing starting from 2000. Now, investors can easily find a wide range of modern houses with green living, contemporary minimalistic apartments, or millionaire homes all at attractive prices and profitable investment schemes.

Branded Lifestyle Projects

One of the strong reasons to invest in Istanbul is the amount of new branded housing projects, particularly those occurring on the outskirts of the city center. At the moment there are many new branded lifestyle projects, for example in Esenyurt and Buyukcekmece neighborhoods.

Weather and Lifestyle

Every year, Turkey attracts more than 50 million tourists from around the world. One of the main reasons is the ideal mild climate, nature, and Turkish lifestyle. More and more ex-pats and investors are moving to Turkey due to the relaxed ambience and outdoor style of living that boosts the soul and mind of every visitor. Turkish culture is welcoming and friendly, offers a great variety of healthy and delicious food when on the other hand Turkey offers incredible beaches, gorgeous historical sites, and many attractions.

Turkish Citizenship Program Overview

Turkey Citizenship by Investment program lets obtaining a second passport within 2 months and has low entry investment options starting from $250,000 for the entire family. No physical presence is required to obtain citizenship and there are no obligations to declare the applicant’s assets or income generated in other countries application process.

What are the Turkish Passport Benefits ?

Turkey Citizenship by investment program grants the applicant and applicant’s family visa-free access to more than 115 countries including Singapore, Japan, Qatar, and South Korea. The program allows dual citizenship and does not require residency, the whole process can be obtained remotely. Turkish citizenship can be acquired also by the spouse and children of the main applicant and is transferable to descendants.  The applicant also will be able to relocate and establish a business in the US under the USA E-2 Investor Visa.

Turkey Citizenship Investment Options

Become a permanent resident of Turkey by choosing one of the following three qualifying investment options. The requirement for maintaining the investment is a minimum of 3 years from the date the residence permit is granted.

1.Property Acquisition From $250,000

  • Acquire residential or commercial property with a deed restriction not to sell for 3 years from the date of purchase, Investors have the right to acquire several properties, as long as the total amount complies with the requirements.
  • The property can be let for rental income, or sold after 3 years from acquiring citizenship, without affecting the applicant’s citizenship.
  1. Capital Transfer From $500,000
  • Fixed-asset investment confirmed by the Ministry of Industry and Technology OR
  • Deposit $500.000 cash in a Turkish bank for a minimum of 3 years OR
  • Buy government bonds with the potential to receive interest as income, Investments to be kept for 3 years.
  1. Creation of 50 Jobs or Business Investment
  • Set up a business and create jobs for at least 50 Turkish employees.

LONDON BASED SOLUTIONS ADVISERS – Turkey Citizenship by Investment 

Full Support with our Immigration Advisers & Property Consultants:

Property search based on your requirements (from residential properties to high-value luxury developments)

  • Property virtual tours, 3-D tours and in-person tours available.
  • Due diligence checks and additional property checks completed by our experts.
  • Residency & Citizenship document preparation and submission.
  • Full support until you receive your second passport & residency.

Mann’s Solutions is an international immigration law firm with offices in London, Hong Kong, and Moscow and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration advisers are regulated by OISC and IMC (Investment Migration Council).

For further information or to discuss your circumstances in a private consultation with our immigration lawyers in London Office, please contact us at enquiries@manns-solutions.com or call +44 207 993 63 46.