Join Our Free Newsletter and be the First to Hear about Breaking News and Exciting Offers
Reserve Your Seat at the Best Offshore Conference – Nomad Capitalist Live 2022 – on September 21-24 in the most vibrant city in the world, Mexico City:
Check out The Turkey Real Estate Guide
Not only Turkey is one of the hottest things in the “Second Citizenship industry” right now. It’s also a highly attractive place for real estate investment.
Buying Real Estate in Turkey has a huge perk – you can get a passport if you invest a large enough sum.
Istanbul, for example, is full of great deals right now. From penthouses in some of the most coveted neighborhoods to new land developments in the suburbs, Istanbul offers a great ROI for those willing to do the legwork. You better hurry up because this country has already increased the price. In this video, Andrew will share all the details with you.
00:00 Start
0:50 Turkey Citizenship by Investment
3:20 Why Real Estate Increases in Value
05:10 Investing in Turkey
06:38 Property Prices
Andrew Henderson and the Nomad Capitalist team are the world’s most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to “go where they’re treated best”.
Work with Andrew:
Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.
Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. In addition, we’ve spent years studying the behavior of hundreds of clients in order to help people get the results they want faster and with less effort.
About Andrew:
Our Website:
Subscribe:
Buy Andrew’s Book:
DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
source
I really recommend you speak abit slowly, and more articulately.
Well that would be impossible to do considering I'm in my late 50s and I'm more interested in investments that could set me up for retirement in my 60s, my goal is at least $2million.
In the process right now. Have found and bought a great resale property in Istanbul. Just waiting on paperwork to get sorted and for the CBI app to go ahead. Hopefully before the increase to $400k. However even it if does go up, I will save up and get somewhere else to make the difference. I still think property generally in Istanbul is very good value and there is actually an excellent resale market. HOWEVER one major issue Andrew does not mention is is the 'declared' tax value of properties issue. Short version. $250k USD is about 3.7m TL. However most people have their properties declared at much, much lower values to avoid the hefty 40% income tax. Whilst there is zero tax if a person owns in for 5 years +, most will not want to declare the full value as it means a massive tax bill for them. OR they will ask the buyer to cough up the tax cost and give it to them in cash. Very common unfortunately. To put this in real context, when I was in Istanbul property hunting, out of about 50 properties I was interested in, around 5-6 were actually applicable from a CBI perspective. That in my opinion is the biggest challenge.
The lira has lost 80% of its value in less than six years.
Must be cool to see a Chinese”ABI” 😆
70% inflation, so they're after more money.
Reading about people grabbing multi-figures monthly as income in investments even in this crazy days in the market,any pointers on how to make substantial progress in earnings?would be appreciated 😇
Turkey where inflation is rampant the value of the lira is tanking but hey it’s a great place to invest to and watch your money evaporate faster and faster.
Great idea.
The banks are making it harder and harder to transfer money abroad. I get never ending excuses such as " we cannot verify who owns the foreign account" when it's my account then they say" you must come into a USA branch to do that!!! 😡. Seems they just do NOT want money going overseas!
I am an American living in Türkiye because my partner, who is a UK citizen, is receiving unique treatment for prostate cancer here. We purchased the necessary $value of an apartment in Istanbul and are awaiting receipt of Turkish passports any day now.
There are many reasons to want to get a second passport. Our reason was unique to us. My partner and i were not guaranteed to be allowed to live in each other's country. We found amazing cancer care in Türkiye. We needed a place both to get that care and to be allowed to reside there together. Surprisingly to us, that country is Türkiye.
Yes there is record high inflation. But the exchange rate offsets that for us.
Inflation and recession is coming to the world at this point. It may be hitting Türkiye now, big-time, but it is coming to every country soon.
Its because Russians they been buying multiple properties
The volume discrepancy between Mr Henderson and the intro guitar riff is dramatic and offensive to us wearing headphones
40% Inflation in Turkey, are they going Zimbabwe? Are you sure this is a good idea. By the way Andrew you have a lovely sounding microphone.
I am a US citizen, can you do a video about becoming a u.s. national and the tax benefits when living abroad?
I'm in no rush to get a second passport, nor am I a 7 – 8 figure guy, so I'll just do the normal wait time thing after buying a property. I'll be nice to have 3 at least. 🙂
There is always Ankara Beysukent fyi. Cheap and large housing in the capital still expanding and developing too.
almost everyone is trying to get out of turkey i cant people people are still trying to come. Ask any teens on the street everyone's dream is to leave
i also can add that you can get the "Green Special Turkish passport" but in return you have to achive some business crateria in Turkya. and then you will be upgraded to the Special turkish passport, which allow you to access +160 countries with out visa incl. EU. which as per Andrews classfication would be conidered as a Tier "A" passport. 🤙
Bad news
Can you cash out interest on your bank account before the three years as long as you keep the original $500k in there?
There is no official gazette by the governmet announcing this yet, so far It has only been announced by news agencies. Hence, this doesn't mean it will not go up to 400,000 USD, it may very well do, but again no official announcement has been made as of yet.