Citizenship is on offer for foreign first-time buyers investing in Turkish property. But how do you actually obtain citizenship? Which properties are eligible? Should you opt for commercial over residential property? We explain the ins and outs of what we know of the new law and explain the best options for anyone seeking the investment route to Turkish citizenship.
Off-plan property in Turkey offers some of the most lucrative investment opportunities in the country - especially in Istanbul, where buyers can make up to 35% in gains between pre-launch and completion. But is it safe to buy off-plan property in Turkey? What are the pitfalls, and do they outweigh the advantages?
In a bid to increase numbers of property sales to foreigners, the Turkish government is set to pass a law that will grant overseas buyers citizenship when they purchase a property valued at more than 250,000 USD. The offer will appeal to buyers from the Middle East and Europe seeking not only excellent return on their investment, but access to a large regional hub with favourable tax laws.
Property investment in Turkey is up by 70% since 2013, a testament to the country's strong economy and the relaxing of property-buying laws. With the rise in investment there's been a corresponding uptick in the number of buy-to-let investors, keen to capitalise on the country's, dynamic young population of renters and the steadily rising tourist numbers.
As a tourist destination, Antalya has it all: beaches, historical sites, culture, world-class restaurants and a charming city centre. But did you know it's also second only to Istanbul in terms of investment? Capital gains in Antalya are extremely favourable. Add steady rental income to the mix and you'll understand why investors are flocking to Turkey's largest Mediterranean city. Discover a few other reasons Antalya is such a good investment destination.
Continue with Google
