Why Invest in Real Estate in Turkey: A Lucrative Path to Citizenship
Investing in real estate in Turkey is not just a financial opportunity; it is a pathway to experiencing one of the most dynamic and rapidly developing economies in the world. With its strong economic growth, a growing population, and robust demand for housing and commercial space, the Turkish real estate market presents an array of attractive investment opportunities. What's more, foreign investors stand to benefit from low tax rates, favorable exchange rates, and the potential avenue of obtaining Turkish citizenship through real estate investments.
Advantages of Investing in Turkish Real Estate
Turkey's real estate market offers potential investors several key advantages. Firstly, the competitive pricing and attractive rental yields provide a solid return on investment. Secondly, the government has made significant reforms aimed at facilitating foreign investment. On 19 September 2018, a law was published in the Turkish Official Gazette that made it easier for foreign investors to obtain Turkish citizenship through real estate fund investments of at least $500,000.
Real Estate Fund: A Professional and Secure Investment Vehicle
A Real Estate Fund is an investment product where individuals pool their money to invest in a portfolio of real estate properties. Fund managers, who are highly skilled in real estate investments, manage these funds, providing professional management and risk distribution. For foreign investors, investing in a Real Estate Investment Fund (REIF) offers ease of operation, tax advantages, and protection of both money and title deeds under your bank's custody.
Steps to Investing and Obtaining Turkish Citizenship
To invest, you will need to open an investment account in one of the Turkish banks. Once you have purchased an REIF valued at or above $500,000, you can apply to your bank in Turkey for the process of obtaining Turkish citizenship. During the process, your money and title deeds are protected by the bank, making it a reliable and secure option. However, remember that you will be restricted from selling your investment for at least three years.
The final application is then sent to the General Directorate of Population and Citizenship Affairs, and you will be invited for final signatures. Following the investment, you can apply for a residency permit immediately. Your wife/husband and children under the age of 18 will be granted Turkish citizenship within three months.
efore concluding your investment, you can also enjoy the privilege of visa-free travel to 113 countries after obtaining Turkish citizenship, further enhancing the attractiveness of this investment option.
Re-Pie: Leading Edge in Real Estate Investment
Among the numerous options available, Re-Pie stands out as a government-regulated and Capital Markets Board of Turkey licensed Fund Management Company. Re-Pie was the first alternative investment fund company to receive this license, and it holds the Market Leader position in real estate investment funds.
With a significant portfolio size of 80 million USD and an impressive annual return of 25%, Re-Pie offers Shariah-compliant funds that are Audited by ErnstYoung. One of Re-Pie’s funds, Eurasia, is listed on the Istanbul Stock Exchange, providing daily liquidity to investors—a feature that distinguishes it from direct real estate investments.
Re-Pie also offers consultancy services with immigration lawyers to assist you in navigating the citizenship application process, making it an innovative and comprehensive solution for those looking to invest in Turkey.
Conclusion: Investing in real estate in Turkey presents a robust and secure investment opportunity combined with the unique benefit of obtaining Turkish citizenship. With professional management, competitive pricing, and the possibility of multiple family members receiving citizenship in a short period, this investment not only offers financial returns but also opens doors to global travel and residency.