Real estate in Turkey: A pathway to Turkish citizenship
Foreign buying property in Istanbul has increased geometrically ever since the Turkish government started the initiative to reward foreigners who invest in the country.
There have been different programs created for foreigners who are ready to invest $250,000 and above in a European country.
The Foreign Citizenship Program
Many foreigners looking to invest overseas in viable economies are usually invited to invest in the real estate sector of Turkey. Any foreigner who buys a property worth $250,000 and above, is eligible for Turkish citizenship.
Unlike many stringent western countries, this citizenship program involves a simple application process which does not expect you to declare your assets as an investor.
Also, you do not have to be in the country to get your citizenship. This program does not expect you to reveal the income that you have made from other countries.
Also, this citizenship program also makes it possible for investors to relocate to the US. This service is available to only Turkish citizens for now and is executed under the corresponding visa categories.
Furthermore, investors also have the option to stay in the US after buying a property investment in Turkey. This is executed under the E-2 investor program.
Foreign Turkish citizenship: A Fast Tracked Process
Get out a quarter of a million ($250,000) and above to buy a property and you will be on your way to becoming a citizen of the 13th biggest economy in the world.
While the government had made all foreign investments eligible for citizenship, that of the real estate industry has been simplified. There is a fast-tracked process of acquiring a Turkish passport which lasts just under two months. This exclusive offer is usually facilitated by real estate agencies and property developers. Many of such deals usually involve property investment projects with high ROIs.
Available Properties for purchase
Since foreign buying property in Istanbul is now a lot easier than ever, many foreigners are seizing the chance to become owners of choice properties in a globally advanced country.
Turkey is a suitable investment location that has several properties that are on offer in the European country.
People purchase properties for various reasons. It could be for investment purposes or residential purposes, either way, foreigners who spend $250,000 and above, are eligible for a fast-tracked citizenship. It gets even better. You will get a high ROI on any investment property because Istanbul is one of the cities with the most visitors in the world.
Thanks to Turkish Airlines operating in numerous countries in the world, Istanbul is a popular layover for the popular airline. It receives thousands of visitors in a single day. Some foreigners never go back once they set foot in the city.
Attractive Features of Istanbul Properties
There are various types of properties available in the city. You can select from various seafront apartments and luxury villas to forest view properties. There are also available land properties that can be used for various purposes.
All properties are offered at very competitive prices. Property investors usually benefit from the periodic income generated by the properties. Also, investors may decide to take a short-term investors exit and decide to sell their properties after 3 years.
These properties have various attractive features. The beauty starts from the architectural designs, where many properties are designed by world-class architects. Then there is the use of advanced engineering and building materials to create a conducive living and commercial space. Additionally, many of these properties are located around fancy and upscale neighbourhoods.