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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This year something strange happened. Russians topped the list of foreign nations to buy property in Turkey. The count of houses they bought increased by 186.6% year-over-year in April. It became 1,152. Iranians came second with 905, then came the Iraqis with 714.
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The cost of living in Turkey is not a question to be answered according to a single criterion. How many people there are in your family, your social life, whether your house belongs to you, or even having a car are issues that will affect your cost of living.
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If you are going to be in Istanbul in the summer, you can read our article and then enjoy these beaches. Who doesn't love the summer season? Neither local nor foreign tourists can deny the beauty of the summer atmosphere in Turkey. If you are coming to visit Turkey, the summer season is perfect.
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Turkey has many beautiful cities apart from Istanbul. Ankara, Izmir, Bodrum, Antalya, Bursa. These are some of them, and they are very popular with foreign investors. There are many types of real estate to suit everyone's wishes.
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Eid-al-Adha, which starts on 10 Dhul-Hijjah (Zil-Hijjah) according to the Hijri Lunar calendar, is also the time of pilgrimage to Mecca (Hajj) every year, so both domestic and international travels are intense in Turkey during this period. Let's take a look at what you can do during the Eid al-Adha holiday.
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For many travelers, a holiday in Turkey is an excellent choice due to the country's cultural and historical qualities. So for you to visit when you are in Turkey, we have compiled the 10 most famous places to holiday in Turkey with its unique beauties, natural wonders, and historical texture!
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The increasing and growing demand for real estate in Turkey in general, particularly in Istanbul, has led to an increase in real estate prices. Real estate prices are rising sharply today due to the Turkish lira's depreciation against the dollar and other factors.
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Due to some economic crises in the real estate and new home construction sector in Turkey, both operational costs and real estate prices have decreased in recent years. However, this situation has become a great opportunity for investors to buy property in Istanbul in Turkey. Also, now is the best time to invest in real estate in Istanbul.
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Turkey has always been a valuable location for foreigners. Its beautiful sunny beaches, never-ending entertainment opportunities, and role as the bridge between Europe and Asia put Turkey in the spotlight. Alongside the natural beauties, it has started to gain popularity in the real estate market.
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Real estate investors in Turkey have enjoyed numerous benefits and a great profit recently. According to the house price index of the Central Bank of the Republic of Turkey, housing prices nearly doubled last year alone.
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Buying property in Turkey has been one of the most demanded and attractive investment areas for foreign investors recently as the Turkish government has provided foreign property buyers with the opportunity of getting Turkish citizenship for only $400.000 for a real estate purchase.
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Istanbul is a unique city. It is the bridge that connects the two continents with the beautiful Bosphorus, it is home to many incredible buildings, both historical and religious. And now, it is time for Istanbul to become your home.
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We have the criteria of high rental yields and easy financial systems for selecting the right property. According to these criteria, we specified the 10 best countries to invest in. These are Turkey, Uruguay, Panama, Thailand, the Dominican Republic, Mexico, Malaysia, Canada, Portugal, and Australia.
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Acquiring a Turkish passport for a better life has become quite popular compared to other nationalities. The development of Turkey's infrastructure attracts many real estate investors, and the support provided by the growing industry helps the growth of trade and agriculture in the country.
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