Istanbul Real Estate

Obtain Turkish Citizenship through Real Estate Investment

Investing in real estate in Turkey presents a unique opportunity for foreigners to obtain Turkish citizenship. By purchasing property with a minimum value of $400,000, investors can qualify for citizenship within 3 months.

1. Investment Amount: Foreign investors are required to make a minimum real estate investment of $400,000 in Turkey. This investment can be made through the purchase of residential or commercial properties.

2. Property Valuation: The value of the property or properties must be verified by an independent appraisal conducted by authorized valuation companies in Turkey. The appraisal report serves as proof of the investment value.

3. Title Deed Restrictions: The property or properties purchased for the investment must have a title deed (also known as tapu) that demonstrates ownership. The deed should indicate that the property is free from any restrictions on its resale or transfer.

4. No Sale for 3 Years: After obtaining Turkish citizenship through real estate investment, the property or properties cannot be sold for a minimum period of three years. This restriction is in place to ensure the stability of the real estate market and protect the integrity of the citizenship program.

5. Application Process: Once the real estate investment is made, the investor needs to submit their citizenship application to the relevant authorities. The application includes detailed documentation such as the appraisal report, title deed, passport copies, and other supporting materials.

6. Background Checks and Due Diligence: The Turkish government conducts thorough background checks and due diligence on the investor and their investment to ensure compliance with the program’s requirements. This includes verifying the legality of the funds used for the investment.

7. Family Members: The Turkish Citizenship program also extends to the immediate family members of the investor, including their spouse and children below the age of 18. They can be included in the citizenship application and granted Turkish citizenship along with the investor.

It’s important to note that the requirements and criteria for obtaining Tukish citizenship through real estate investment in Turkey may be subject to change. It is advisable to consult with legal professionals or authorized agencies to ensure you have the most up-to-date and accurate information before proceeding with any investment or citizenship application.

How to get Turkish Residence Permit

Exploring Different Types of Turkish Residence Permits

If you’re considering living in Turkey, we have collected informations to know about Turkish Law regarding all types of residence permit. obtaining a residence permit is a crucial step so you can pay more attention to coming information.

Property Residence permit: The easiest way to have legal Residence Permit in Turkey without getting any rejection from Government. Other types of residence permit are subject to review before beeing accepted.

Conditions of Turkish Residence Permit

First Condition Real Estate Residence Permit: Buy property worth not less then 70.000$ written in Property Tapu. You must be carful you might buy a property with higher price buy in Tapu is writeen less then 75.000$. It’s important to have a real estate consultant at this stage.

Second Condition Short-Term Residence Permit: This permit is suitable for individuals planning to stay in Turkey for a period of up to one year. It is commonly obtained for purposes such as tourism, visiting family or friends, or conducting business activities.

Third Condition Student Residence Permit: Students pursuing education in Turkey can apply for this permit. It is given for the duration of their academic program.

Fourth Work Residence Permit: Foreigners who have legal work or working in a Turkish Company employment in Turkey can obtain this permit. It enables them to work legally and reside in the country for the duration of their employment contract.

Fifth Family Residence Permit: Suitable for people who have Turkish relative like wife and husband.

It’s important to note that each residence permit regulation might change from time to time, That is why you need to have updated information while applying to any type of resident permit.

Why hotel investment so profitable in Turkey

Hotel Investment in Istanbul Turkey: The Hidden Lucrative Opportunities in Turkish Real Estate

Istanbul, the vibrant metropolis bridging Europe and Asia, presents a compelling destination for hotel investment. With its rich history, thriving tourism industry, and favorable investment climate, the advantages of real estate investment in Turkey are evident. Istanbul city has proved itself for the last 20 years as one of the premier tourism destinations for tourist around the world. Here’s why investing in hotels in Istanbul can be a lucrative opportunity:

1. Growth of the Istanbul tourism sector in numbers

The last data from the Turkish Statistical Institute, showed that tourism revenues in the first three months of 2023 reached $8.69 billion.

During the current year, the number of foreign tourists who visited Turkey in February increased by approximately 21.4 percent on an annual basis, reaching 1.87 million visitors, compared to around 538,000 in February 2021.

In 2022, revenues increased by 53.4 percent compared to the previous year, reaching a record level of $46.28 billion as the COVID-19 pandemic receded.

The tourism sector in Turkey had previously recorded a record increase in revenues, reaching $34.5 billion in 2019, before the COVID-19 pandemic.

Despite the economic challenges faced by Turkey, the country’s tourism sector was able to achieve positive results, with over 40 million tourists received in the first nine months of 2022.

2. Strategic Location: Situated at the crossroads of Europe and Asia, Istanbul enjoys a strategic location which offers easy accessibility to a vast market. Türkiye consider as a destination of a hub for business travelers, leisure tourists, and international events. The city’s well-developed transportation infrastructure, including two major international airports, further enhances its appeal as a prime location for hotel investment.

3. Diversification of Investment Portfolio: Investing in hotels in Istanbul allows for diversification of your real estate investment portfolio. As a tangible asset with income-generating potential, hotels offer a unique investment avenue. With the right management and strategic positioning, hotels can provide attractive returns on investment, making them an appealing option for investors seeking diversification and long-term capital appreciation.

4. Economic Growth and Stability: In general, Turkey’s has showed huge growth in Real Estate sector Real estate investment in Turkey, and in Istanbul, specifically, is considered one of the distinguished economic activities on a global level, attracting a significant number of leading energies in recent years.

The British real estate magazine “In the Sun” classified Turkey as one of the top 10 countries for property investment in 2017, while data from the Turkish Statistical Institute indicates that foreigners prefer to purchase properties in Istanbul.

Given the inflation in the number of tourists coming to Turkey and the limited availability of hotel options for them, investing in the construction of a hotel becomes a secure and successful investment with guaranteed profitability.

5. Hotel Investment Types

Build New Hotel

This type of investment necessitates starting from scratch, starting by purchasing suitable land or Re-build ready real estate construction in a strategical area.

Investing in this sector empowers stakeholders to shape the hotel according to their vision, encompassing essential aspects such as design, decor, and spatial configuration. However, it is worth noting that establishing a new hotel may face scrutiny due to the relatively protracted establishment process and additional expenses incurred during its launch.

Buy Ready Hotel in Istanbul Turkey

If investors are seeking a faster profit and save more times, So purchasing a ready hotel would be better option. Hotel investment in İstanbul Turkey guarantee high profitability in Istanbul however there are some investors who is need in a hot money and decide to sell their hotels. This can be a suitable opportunity for long-term vision investor to invest in Turkey. However, one drawback of this investment approach is the limited freedom to customize details, unless the investor is willing to invest additional funds in modifications, such as decor enhancements.

Having a Real Estate expert in Istanbul will help buyer to find the real profitable hotel option for sale very easy.

Invest in Istanbul Hotel Apartment in Istanbul Turkey

Hotel Investment in Istanbul may not be suitable for everyone. Some investors don’t have enough fund to invest in Istanbul hotel. However, there are other option with suitable budget, which is investment flats in İstanbul or Tourist apartments in İstanbul. There are flats in Istanbul in a strategical location and very suitable to rent for tourists in websites like Airbnb. Those type of apartments has high income profit every month and easier to manage.

In order to have the right apartment in a right location in Istanbul, you need to be aware of the real value of the flat and the location. We as Istanbul real estate company provide Property management for investment with free charge from property owner. Our team can give free advice where to find suitable apartment to invest and after purchasing provide free property management services in Istanbul.

Here is a guide of how to get Turkish Citizenship within 3 month.

Getting Turkish Citizenship through Real estate investment consider one of fastest and guaranteed way to get Turkish Citizenship. From our 10 years of Real Estate experience in Istanbul and working with our lawyers we have succeed to obtain Turkish citizenship for our clients. Here in this article, we will explain to you brief steps of obtaining Turkish citizenship through real estate investment.

Step 1 Property Selection Obtain Turkish Passport: Choose a property in Turkey that meets the criteria for Turkish passport eligibility. The property must be valued at a minimum of $400,000 written in Property Deed “TAPU” according to the latest regulations.

Step 2 Real Estate Expert Assistance: Hire a reputable İstanbul Real Estate Agency where can guide you to choose right prosperity which is suitable for Turkish Passport and investment in the long-run. Also we as Istanbul real estate community can help you with the right legal way to transfer the money from your bank to construction company bank. Money transaction process should be done in a specific way in order to protect your right of obtaining Turkish Passport.

Step 3 Property Purchase Real Estate in İstanbul Turkey: Finalize the purchase agreement and transaction for the selected property in İstanbul. Ensure that all necessary legal documentation is in order, including title deeds, contracts, and clearances.

Step 4 Valuation Report: On this step is important to have a Real Estate experience lawyer in İstanbul who can follow Turkish properties valuation report from a certified appraisal company approved by Turkish Government. The report will confirm that the property’s value meets the required amount.

Step 5 Application Submission: The Lawyer will prepare the required documents, which typically include your passport, property title deed, valuation report, application forms, Marriage Status, Certificate of both and any additional supporting documentation. Then will submit the application to the government.

Citizenship Approval and Residence Permit: With a good lawyer and Real Estate Expert agency you can have your Turkish Citizenship within 3 month.