Born in Istanbul, Sami Ghazagh has long been in the real estate, property management, and citizenship consultancy business. As managing director of Realty Turkey, working with thousands of global investors around the world, Sami is focused on providing the best consultancy service for citizenship by property investment in Turkey.
What is the story behind Realty Turkey?
Realty Turkey, the first international real estate web portal in Turkey, offers the most qualified local projects, and the developers of these projects offer full transparency, with many language options. International investors can see and examine high-quality projects that are suitable for their preferences with www.realtyturkey.com.
The Turkish government has revised the minimum required property spend for Turkish citizenship. Now, what is the regulation for foreign property buyers?
Recently, the Turkish government reduced the minimum purchase price for the real estate based citizenship application from US$1 million to US$250,000. From 19th September 2018, foreigners buying real estate in Turkey have been entitled to apply for Turkish citizenship for themselves and their spouses and children under the age of 18.
Who can purchase real estate in Turkey? Are there any restrictions on the purchase of the real estate?
With the new regulation removing reciprocity rules for 184 countries, non-citizens are free to buy real estate in Turkey without having a residence permit, except for real estate located within or near military zones. However, for the time being, Syrian and Armenian nationals are excluded from buying real estate. I recommend foreign nationals to always contact a lawyer in Turkey to make sure that they are eligible to buy.
There are several restrictions for foreigners buying real estate in Turkey. However, these restrictions should not unduly concern investors. According to the Turkish Land Registry Law, foreign citizens can buy real estate with a limit of a maximum of 10% of that district’s surface area. This can amount to a maximum of 30 hectares of property in Turkey in total.
What are the benefits?
This really changes depending on the client. Some are attracted by the opportunity of free entry into 115 countries, including Japan, Singapore, and South Korea. Others are interested in purchasing a property in Istanbul or the coastal towns, while others value the investment and business perspectives in the country and Turkey’s favourable taxation system.
I’m interested in the Turkish Citizenship Program. What are my options in Turkey given this budget?
By investing $250,000, you’ll be able to purchase an apartment in Istanbul as well as a beautiful sea view villa in Alanya, Antalya, Bodrum, or other coastal towns. Many investors purchase apartments and houses here with the purpose of receiving rental incomes.
High-net-worth individuals from across the globe are frequent buyers of apartments in Istanbul. The city is home to amazing apartments with generous social amenities, great proximity to financial and cultural centres as well as the beautiful Bosphorus. On top of that, the current rate of the Turkish Lira allows you to buy property at bargain prices.
Great! How long will it take to procure a passport?
You will be granted Turkish citizenship very swiftly just 60 days after the investment process is over.
Can I arrange citizenship for my family as well?
Sure! You can include in the application of your spouse and children under 18.
Why we should get help from Realty Turkey?
We closely follow all the local property developers and the residential projects in the market. That’s why are very fast and successful at matching the right client with the right project. We focus on the client’s needs, their satisfaction and profit, while they are releasing or renting out the property.
Realty Turkey will not only help you file a proper visa application through the Turkish Citizenship Program, but we will also save you time, effort, and money. We guide our clients all the way through and provide all-around support and a comprehensive service to individuals seeking a second citizenship.
Ayazaga mh. Cendere cd. No: 109/C Vadistanbul Bulvar 2A Blok Office No: 90 Sarıyer/Istanbul
Tel: +90 (212) 951-0369
Email: info@realtyturkey.com
www.realtyturkey.com