Turkey has long been a favorite vacation spot for people looking for a sunny vacation spot that also offers delicious food and interesting cultural experiences. As a consequence, it should not come as a surprise that it offers all of this and more to people interested in relocating permanently.
Turkey has long been a favorite vacation spot for people looking for a sunny vacation spot that also offers delicious food and interesting cultural experiences. As a consequence, it should not come as a surprise that it offers all of this and more to people interested in relocating permanently.
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The minimum investment required for Turkish citizenship has increased from $250,000 to $400,000 in response to the growing number of candidates interested in pursuing this path. However, do you have any idea about the benefits associated with obtaining Turkish citizenship? In addition, are you qualified to apply for the Turkey Investment Visa Program in the first place? If this is not the case, what steps can you take to ensure that you meet the requirements outlined in the criteria?
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This article is intended to provide an overview of some of the fundamental information that you'll need if you're thinking about retiring in Turkey. If you are considering retiring in another country, you may find it helpful to consult with a financial advisor.
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There are various reasons to invest in Istanbul, whether it's a lifestyle decision or a bare investment; however, the most recent motivation is arguably the new Turkish Citizenship via investment scheme. This requires a real estate investment of at least $400,000.
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The Bosphorus has played an essential role throughout history as a passageway for significant movements of people traveling from the east to the west. Along the shore, there are a great number of little communities that have been developed. Even though the name of many of Istanbul's towns is that of a village, over time, these villages have grown into large settlements.
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The Institute of Statistics in Turkey publishes monthly reports on the sale of residential real estate; during the first half of 2022, a total of 726,398 sales contracts were finalized, making the total number of transactions 726,398. This shows a 31.4% increase compared to the same period in 2021.
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