Should you invest in a property in Turkey and How to get Citizenship through your investment?
Why Turkey?
The relatively low cost of living in Turkey with the availability of the necessities of a good life, and advanced living systems, provides a good opportunity for residence in Turkey. Medicine in Turkey is cheaper than all European countries, which has given the health sector in Turkey unparalleled prosperity and demand in recent years.
Turkey has a charming nature, and unparalleled appeal around the world, and a relatively mild climate, next to a civilization and a long history that showcases the wonderful cities of Turkey. Istanbul alone was ranked ninth among the most visited cities in the world in 2018, preceded by Berlin, Barcelona, Rome and Los Angeles, and other important tourist cities.
Citizenship
Through a recent change in the Turkis Nationality law, an amendment came into effect. This decision grants citizenship to anyone who buys a real estate valued at $250,000 came an exceptional opportunity that does not hide its importance, and this decision included citizens of most of the countries of the world. The amendments include all members of the family of the new owner, from a wife and children under the age of 18.
The property’s tax excluded price must be at least 250,000 USD. These tax returns are filed every four years, and the rates range between %0.1-0.3. Even though the payment is made in USD, the price will be written in Turkish Lira on the title deed. The exchange rate will be according to the current day’s effective selling rate of official Turkish Central Bank. The Title Deed (TAPU) is a legal document executed and acknowledged under the government seal and in the presence of an official authority. It evidences the right of ownership to a property. Therefore, the title deed owner and the citizenship applicant must be the same person. The purchased property must be from a Turkish citizen or Turkish company established in Turkey. Properties bought from foreigners will not be acceptable.
Adjustment Period
A sudden change of the language around you can be hard and sometimes annoying but it is always a plus to learn new languages. When you move into Turkey, try to learn their language to understand people around better and to build conversations easily. Turkish might sound hard at first but the language itself is not complex at all.
Leaving your past daily life behind and moving to another place puts many people into holiday mood naturally. Of course, seeing a new place and experiencing different things is exciting but eventually, life has the same flow in any country around the world, in terms of economics. So, be a part of daily life in Turkey and do not stay in the holiday mood for a long time. If you establish an economic order for yourself then you can find money and time to travel around the country.
The various attractions that draw attention into Turkey, from a wonderful climate, a promising economy, a huge real estate market, and many tourist and historical landmarks attracting tourists from different parts of the world to it, all this makes the investment and residence in Turkey a winning option and ideal by all standards.
