1. Rising Property Prices According to the Central Bank of Turkey, the average price per square meter for housing in Istanbul increased by approximately 3.2% in 2020. Luxury properties, including high-end apartments and villas, are significantly higher than average prices.
2. Strong Rental Market The rental market in Istanbul is also strong, with high demand for rental properties and a low vacancy rate. The average rental yield for properties in Istanbul is around 4-5% per year, which is considered relatively high compared to other European cities.
3. Potential Impact of COVID-19 Pandemic It’s worth noting that the real estate market in Turkey is subject to fluctuations and the current situation with COVID-19 pandemic may have an impact on the market.
4. Future Changes The real estate market in Istanbul is relatively small, and it can be affected by any changes in macroeconomic conditions. Government regulations, taxes, and legal frameworks related to real estate investments may also change in the future, which may affect the market.

In summary, Istanbul’s real estate market has been attracting foreign investors due to its strategic location, cultural heritage, and economic growth. Although the market can be dynamic and subject to fluctuations, it offers attractive investment opportunities with high rental yields. Additionally, Turkey’s citizenship by investment program offers a pathway to Turkish citizenship through real estate investment, making it an enticing option for those seeking dual citizenship.

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One such neighborhood is Bebek, located on the European side of the city along the Bosphorus strait. Bebek is known for its chic waterfront, high-end restaurants, and luxury boutiques, making it a popular choice among diplomats and wealthy Turkish business people. The area is also famous for its vibrant nightlife and entertainment.

Another prestigious neighborhood is Nisantasi, located near Taksim Square on the European side of the city. Nisantasi is a fashionable and upscale area known for its high-end shops, designer boutiques, and luxury hotels. It’s also home to many embassies and consulates, as well as art galleries and museums.

Etiler is another upscale neighborhood located on the European side of Istanbul, near the Bosphorus strait. Etiler is renowned for its high-end restaurants, luxury shops, and international schools, making it a popular choice for wealthy Turkish businesspeople and expats.

Besiktas is another trendy and upscale neighborhood along the Bosphorus strait, known for its picturesque waterfront, high-end restaurants, and luxury boutiques. The area is home to many diplomats and wealthy Turkish business people.

Lastly, there’s Levent, a modern and upscale neighborhood located on the European side of the city, close to the Bosphorus strait. Levent is known for its high-end restaurants, luxury shops, and international schools, making it another popular choice for wealthy Turkish business people and expats.

These neighborhoods offer a high quality of life, with various cultural, entertainment, and leisure activities. They’re also close to major transportation hubs, making it easy to get around the city. If you’re looking for luxury properties in Istanbul, these high-end neighborhoods should be at the top of your list.

Investing in high-end properties in Istanbul’s most sought-after neighborhoods not only offers a luxurious lifestyle but can also be a smart investment decision, especially for those interested in obtaining Turkish citizenship. With the Turkish citizenship by investment program, investors can acquire a Turkish passport by investing a minimum of $400,000 in real estate in Turkey. This program offers many benefits, including visa-free travel to over 110 countries, dual citizenship rights, and profitable investment opportunities.

Furthermore, Istanbul’s real estate market has been resilient and continues to attract foreign investment, making it an attractive option for those looking to diversify their portfolio. The city’s strategic location, cultural heritage, and economic growth make it a magnet for foreign investors. However, before investing in any property, it’s important to conduct thorough research and analysis of the market conditions, government regulations, and legal framework related to real estate investments.

Overall, investing in high-end neighborhoods in Istanbul can offer a high return on investment, luxurious lifestyle, and a path to obtaining Turkish citizenship through the citizenship by investment program. With the right guidance from real estate professionals and lawyers, investors can make informed decisions and capitalize on the many opportunities that Istanbul’s real estate market has to offer.

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Turkey now grants citizenship to foreigners when they purchase properties to live in or lease. While most applicants are looking in Istanbul, Ankara may be a hidden gem.

What are the benefits of investing in Ankara real estate?

1.      Ankara, a highly developed city 

As the capital of Turkey, Ankara is very developed and highly urbanized. Its modern yet affordable infrastructure allows you to purchase property at a much more reasonable cost when compared to the other countries in Europe.

Transportation is made much easier and more convenient in Ankara owing to its latest addition, the Ankara metro. Moreover, the city is equipped with two major airports, making it one of the most convenient cities.

Ankara houses many multinational companies and therefore offers many employment opportunities, attracting many expats and professional immigrants. Some well-known companies in Ankara include Ozdabak International trade, Dora Pharm LLC, Temalar Ltd, and many others.

2.      A more straightforward method to obtain a Turkish citizenship 

The most significant advantage of investing in Ankara real estate is the buyer’s opportunity to acquire Turkish citizenship. Indeed, by investing in a property worth at least $400,000, you would become eligible to apply for a Turkish passport through its Citizenship by Investment program.

3.      Low cost of living

While Ankara is highly developed and modern, its housing market is still affordable. One can easily afford a comfortable and aesthetic apartment in Ankara with an average salary.

A recent study indicates that the monthly expense for a family of four, excluding the rent, comes to around USD 1,292.55 and a three-course meal for two people at a semi-expensive restaurant comes to about 16.20 USD. This is much lesser than what you can expect from any other European or American capital.

4.      An excellent investment

The best part about this investment is that even if you do not decide to live in Ankara or even become a Turkish citizen, you can still reap the benefits of the investment. The monthly rental yield for a one-bedroom apartment in the city center is around 7.5% (City Center) and 6.93% (Outside the City). Therefore by renting an apartment, you can secure a steady monthly income by renting or leasing the apartments.

The increase in property prices in Ankara from 2014 to 2022 proves how beneficial investing in Turkish capital real estate has been. At the beginning of 2014, the average price per square meter was around 1,198 TL, and the average price per square meter in 2022 was around 4,047 TL.

5.      Great Neighbourhoods. 

Ankara comprises some of the best neighborhoods, including Golbasi, Oran, and Cankaya, which buyers usually prefer.

Golbasi is known for its scenic natural beauty and peaceful life. It houses some of the prettiest lakes in Turkey, such as Eymir and Mogan. The Beynam Ataturk Forest is yet another landscape that attracts expats to Golbasi.

Oran is the city district with the most developed infrastructure. This district has many hospitals, banks, schools, and MNCs. The transportation system of Oran is also one of the most developed. The ease of commuting allows you to live your most effortless life without getting into traffic. However, because of its various facilities and convenience, Oran is a tad more expensive than the other neighborhoods in Ankara.

Cankaya is located at the city’s heart and is Ankara’s economic, administrative, and cultural hub, where every event of importance takes place. Cankaya is also home to the grand national assembly of turkey, embassies, ministries, and some of the best hospitals and universities, which makes it the most preferred district to move to for many immigrant investors.

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The strength of a Turkish passport and the ease with which a Turkish passport can allow one to reside in the US or the UK is reason enough why as of late, investor immigrants are flocking towards this country. Turkey is an excellent option for people looking for good job opportunities, affordable education, or just a change of scenery.

Here are 5 reasons why so many investors acquire Turkey citizenship:

1. A strong passport 

With a Turkish passport, you can travel VISA-free to more than 100 countries, including Japan, Qatar, South Korea, Brazil, South Africa, and many others.

Turkish passport holders can obtain a long-term travel visa to the US. They can apply for the US E-2 visa, allowing them to reside in the US for five years and subsequent and unlimited two-year extensions. Turkish citizens can also obtain a C-2 Schengen visa valid for five years.

The most significant benefit of a Turkish passport is being allowed to enter the country under any circumstance.

2. Spectacular business opportunities

Running a business in Turkey is more accessible and beneficial than in many other countries due to its multiple free zone areas aimed to promote and increase export-oriented investment and production, benefiting from tax exemption.

Moreover, investors with Turkish passports can quickly obtain an E-2 visa to run a business in the US. The E-2 visa is valid for five years, with unlimited two-year extensions. The E-2 visa allows investors to live in the US and their spouses and unmarried children below the age of 21.

3. Affordable and quality education 

Turkey offers some of the highest quality and most affordable educational opportunities. Certain Turkish universities charge as less as $250 per year for higher education without compromising on the quality of the education. There are over 200 universities in Turkey. Six of them are on the list of Top 500 universities in the world, according to the World University Ranking.

4. Excellent healthcare

Turkey hospitals have some of the most advanced medical equipment and technologies. In the last two decades, Turkey has seen tremendous growth and development in medical technology. Even the comparatively smaller hospitals have the most advanced medical equipment. Besides, compulsory health insurance for foreigners guarantees the best medical care.

5. Great Standard of Living. 

Turkey is one of the best places to live on a budget. You can live a more-than-comfortable lifestyle on an average income.

Next comes the food; Scrumptious, delicious, and healthy. Turkey gastronomy is up there.

The Turkish weather suits almost everyone. It has 100 sunny days and very mild winters. One can enjoy every day outdoors without the sun being scorching hot or the air being deathly humid.

Besides everything else, Turkey is a very safe and free country. Cities like Bodrum, Izmir, Bursa, Istanbul, Antalya, and many others are incredibly safe. You won’t see any disorderly people roaming around, no homelessness. You could walk the streets of Turkey past midnight and feel completely safe.

The Turks are one of the most friendly and welcoming people in the world. Their jovial nature will always make you feel at home. Turkey creates a warm ambiance for all its visitors, making it hard for them to leave the country behind.

Once you come to Turkey, you will find reasons to reside in this beautiful country. You should go and scope the country out a bit.

Turkish Citizenship by Investment Program

A foreign immigrant investor can acquire Turkish citizenship by fulfilling the following conditions:

1. Purchase a real estate property in Turkey with an appraised value exceeding USD 400,000.
2. The payment must be made directly by the principal applicant
3. The principal applicant must hold the property for at least three years

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