In the past few months I have visited Turkey for tourism and business purposes. The interesting thing is that there are lots of new projects are being built in Istanbul, especially to benefit from the citizenship program. The amendment says that if you acquire an immovable asset(s) that worth $250,000 you can apply for the Turkish citizenship, the amount of the investment had been reduced from $1M to $250K.
During my visit there, I had met several citizenship agencies, lawyers and real estate agencies (to get a brief idea about the real estate market).
From that brief field research, I got this conclusion:
To obtain the Turkish Citizenship By Investment (TCBI), there is an option stipulates that a minimum amount of property investment shall be made for $250k. This amount has been reduced from $1m to 250k USD (or the equal value in Turkish Lira), on the condition to not sell the property within the next 3 years.
For people who prefer investing in Turkey just to get the Turkish citizenship without residing in Turkey, there are some properties that have special criteria and benefits, where you can get a high value of RoI whether you are in Turkey or abroad.
“GUARANTEED” is always better
When buying a property with special advantages, the construction company guarantees these benefits with a notarized contract.
Huge construction companies tend to make the most out of their masterpiece. They choose the most strategic locations in the city with modern designs, fulfilled services with high class luxury, they build their masterpiece.
Properties with these criteria tend to have a higher RoI in the real estate market. Upon that, the construction company gives the “Rental Guaranteed” option to the clients. With up to 8% of RoI, you can guarantee that monthly/annually the payment will be made and deposited to your bank account whether you are in Turkey or overseas.
After obtaining the Turkish Citizenship (TC) you are obligated to keep the property for 3 years. Then what?
There are many people who want the TCBI without residing in Turkey, they even want to sell their apartment/s after the duration of 3 years.
Some construction companies provide Buy-Back Guarantee in addition to the Rental Guarantee option.
Not only they buy your property, but they offer you this option with 8% annual revenue. In other words, each year that passes by, your property’s value becomes higher. The construction company offers to buy your property after 3 year with 24% (8% * 3 years) higher price than the price you paid (all payments are made in USD).
Best investment ever!!
Obtaining the Turkish citizenship by investing in real estate with $250,000 became beneficial more than just obtaining the TC.
With Rental Guaranteed and Re-Buy Guaranteed options the investor can obtain the TC and up to 39% profit after 3 years (without even residing in Turkey).
Reference Link: https://www.halicproperty.com/free-turkish-citizenship/