Turkish Home Sales to Foreigners in 2021 Up By 5x Since 2013, Home Values Up 30% YoY in Real Terms
Even adjusting for inflation, Turkey’s real estate and hospitality markets have grown sharply for years. And that was before all the Russians.
After first leaving the UK to work abroad at the age of 21, I spent the next nine years looking for a new place to call home while traveling and working my way around the world.
It was at this point I discovered Turkey and, after visiting Istanbul, I was quickly introduced to Bodrum, which I’m proud to call my home.
I quickly purchased my first property there which was initially used as a holiday home. This property is still today, some 26 years later, my permanent family home.
After becoming a resident and doing business in Turkey for the following five years, I decided to apply for my Turkish citizenship. I was the first foreign male of my age to make a citizenship application, so the laws regarding citizenship where not properly in place. So an interesting story is that a lot of the rules still in place today where written on my application.
During my 28 years in Turkey, I have personally invested in all aspects of the Real Estate industry and also assisted thousands of foreign investors to acquire their retirement home or investment property.
Most retirees or families relocating also required residency, so we already had vast experience before the Turkish citizenship by investment program was introduced in 2017.
I would like to say that these many years of experience has made CIP Turkey one of the foremost authorities for all matters related to Turkish citizenship.
Get in touch, and I’ll show you I can help you too with Turkish citizenship or residency.
. | Program | Type |
---|---|---|
Turkey CIP | Citizenship by Investment | |
. | Program | Type |
Even adjusting for inflation, Turkey’s real estate and hospitality markets have grown sharply for years. And that was before all the Russians.
Demand for Turkish CBI still robust, but program’s future isn’t guaranteed. “We may not have a program by this time next year,” says Polding.
Most Turkey CIP investors were spending well above the $250,000 anyway, looking as much to prospective ROI as to the prospect of citizenship.
In a world of supply chain disruptions, insecure shipping lanes, and a trend towards near-shoring manufacturing, Turkey is thriving.
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CEO, Latitude Residency & Citizenship
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