When clients buy holiday homes, they sometimes ask if living abroad is a good idea? The concept of international living, whether this is for work, retirement or studying, is the new norm. Especially when compared to eras like the 1970s. Living abroad is often marketed as a great thing to do, not only for retirees but also for young adults in the workforce.
BREAKING NEWS: On Wednesday, April 13, 2022 the Turkish government announced its intentions to raise the investment requirement to acquire Turkish Citizenship from $250,000, up to $400,000. This is the amount that foreigners have had to pay for real estate, while also committing to hold it for at least three years, in order to obtain a Turkish passport.
Occasionally, property hunters ask us if May is a good time to visit Istanbul? As well as finding their ideal home for sale, they want to combine their viewing trip with tours around Istanbul to see attractions and landmark buildings and learn all about the city's illustrious history. Of course, our answer is always yes. We think May is one of the best months to visit.
Why would someone ever invest in real estate outside of their home country? Well, people like adventure, to be honest with you. They like to do something different; Something noteworthy. They've tried and tested their home country, and what you find in the case of 99% of our clients is that they already have a home plus, possibly, other investments in their home countries.
It can be a bit daunting, as a foreigner, to approach an unfamiliar market when looking to invest. Let's say you've done your homework. You've reached this site understanding that Turkey looks to be a fine candidate for investment. As an emerging market it does look quite attractive to foreign eye. It has a favourable exchange rate, proximity to the Mediterranean, Aegean, Marmara, and Black Seas.
While we have known some people who move abroad on a whim, we strongly recommend a checklist of things to do before moving to another country. After all, being prepared for significant lifestyle changes minimises stress and gives confidence to deal with setbacks or problems, which will arise regardless.
Turkish culture is often misrepresented. And in the comments we often get comments such as, "Turks stole this," "Greeks invented that," "Eastern Turkey belongs to us," and so on, and so forth. So in this article let's look at some of these misconceptions, along with Turkish culture as whole because it is so rich in history and cultural diversity. It is interesting to know how it became this way and why.
To obtain Turkish Citizenship through Real Estate investment, one should purchase real estate in Turkey with a minimum total value of $400,000. You may choose to invest in one or multiple properties as long as the required investment floor is reached. Usually the entire process will take anywhere from 3-4 months.
Turkish snack food can be a hit or a miss depending on your tastebuds. Foreigners often say some sweet snack foods are bland and need more sugar, while Turks often say foreign sweet snack food has too much sugar. While there is a billion-dollar industry around snacks, crisps, chocolates and nuts, Turks keep traditional, savoury snack foods close to their heart.
To explore Istanbul in March marks the end of winter and the beginning of Spring, an ideal time of year. This perfect month sees warm temperatures, and good value hotel and flight tickets. Additionally, fewer crowds at main attractions, enhance your visit to Istanbul.
The Montreux Convention is an international agreement governing the use of the Dardanelles Strait, linking the Aegean and Marmara Seas, and the Bosphorus Strait, the body of water which links the Marmara Sea to the Black Sea. Historically, the Montreux Convention also settled European opinions over the handling of two straits under Turkish control over the course of a couple centuries.
As Europe, and the world at large, begins to emerge from pandemic-level, restrictive safety measures, tourist destinations around the Mediterranean brace for an influx of travellers eager to find relaxation and renewal. With that in mind, tourist agencies from each Mediterranean country look to the patterns of the past in order to set expectations for the summer of 2022.
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