Turkey, a romantic country spanning Europe and Asia, is a sought-after destination for global travelers and a preferred choice for investors planning their residency and citizenship! In some positive news, the Turkey Immigration Month launch event, hosted by Kosdromos, co-initiated by 100 Chinese immigration agencies, and strongly supported by the Embassy of the Republic of Turkey in China, was recently held successfully in Beijing! As a co-initiator, WorldWay is launching the "Turkey Immigration Month" campaign in September, featuring a series of diverse activities covering education, investment, asset allocation, policy analysis, and immigration! From September 1st to 30th, major promotions for the Turkey program are in full swing!
In September 2018, the Turkish government announced major reforms to its Citizenship by Investment Program. Due to its high level of attractiveness, this program sparked heated discussions in the immigration industry and further boosted its market popularity. So, what changes has the Turkey Citizenship by Investment Program brought about this year? Below, WorldWay analyzes the popularity of this program from the perspective of big data.
Since the implementation of the new Turkish passport program policy, nearly 1,000 applications have been approved
According to the new Turkish government regulations, investors can obtain Turkish citizenship by purchasing real estate worth at least $250,000 (replacing the previous $1 million requirement) or by depositing at least $500,000 in a Turkish bank (replacing the previous $3 million requirement)! This policy has significantly reduced the fixed capital required to obtain Turkish citizenship, thereby attracting a continuous influx of investors to Turkey!
According to data recently released in the official government gazette by the General Directorate of Population and Citizenship Affairs of the Turkish Ministry of Interior, since the implementation of the new Turkish Citizenship by Investment policy last September, a total of 981 main applicants had obtained Turkish citizenship as of June 30, 2019. These approved applications come from numerous countries, including the United States, Canada, China, Russia, Italy, Australia, and Greece! Surprisingly, another 1,700 applicants are currently in the queue, which demonstrates the market popularity of the Turkish passport program!
The Turkish real estate market is booming, with a surge in housing sales to foreigners
In fact, since 2012, housing sales to foreigners in Turkey have shown an upward trend, thanks to legislation passed by the Turkish Parliament that made it easier for foreign investors to purchase real estate in Turkey. Since the introduction of these legislative amendments, sales performance to foreign investors has been on the rise.
For example, in May 2019, sales in the Turkish housing market to foreign investors grew by 62.5%, reaching approximately 3,925 units, which is 2,415 units more than in the same period in 2018. According to data from the Turkish Statistical Institute (TurkStat), foreign residents' home purchases increased significantly from January to May this year, rising from 9,756 units to 17,263 units, an increase of 77%. Previously, in January, February, March, and April, foreigners purchased approximately 3,168, 3,321, 3,129, and 3,720 housing units respectively, representing growth of 81.9%, 92.1%, 71.3%, and 82.1% compared to the same period in 2018!
In addition, approximately 39,663 properties were sold to foreign investors in 2018, a historical high. Furthermore, according to forecasts by the Turkish statistical agency TUIK and the Central Bank, the volume of home purchases by foreigners in Turkey is expected to reach a record 50,000 units in 2019!
Istanbul, a popular destination favored by investors
As Turkey's largest city and its regional economic, commercial, cultural, financial, and transportation hub, Istanbul has attracted numerous overseas investors to enter the real estate sector!
According to reports from the Turkish statistical agency TUIK and the Central Bank, between January and June 2019, Istanbul accounted for the highest number of homes sold to foreigners among all Turkish cities, reaching 8,900 units, or 45% of the total.
With the opening of the new Istanbul Airport, travelers from all over the world will take off, arrive, and transit here. Istanbul will truly occupy an important position in global air travel. The massive population flow will drive the rapid development of the real estate market in Istanbul and even all of Turkey, and will also attract more investors to Turkey!
Currently, WorldWay Group is partnering with a powerful Turkish developer to introduce another major real estate project to investors—Tianxi International (Turkey), which is located in the European side of Istanbul, Turkey, and is currently one of the most popular projects on the market!
A win-win project for 2019: overseas status + overseas real estate
European side of Istanbul, Turkey
A large-scale business community with a total construction area of over 2 million square meters
Skyscraper landmark property now on sale
Start a dream life at Tianxi International
Tianxi International in Istanbul is located between the Maslak and Levent business districts, integrating residential, office, and home creative design centers. The project consists of three towers, combining high-end, comfort, and high technology. Its unique design style makes it a beautiful landscape in Istanbul. At Tianxi International, you will start a dream life.
Wide views, overlooking the beauty of Istanbul
As a high-rise residential building in Istanbul, the entire Tianxi International project towers into the clouds, offering a very wide field of vision. Spacious balconies and bright floor-to-ceiling windows allow you to not only take in the beauty of the metropolis of Istanbul but also immerse yourself in the charm of the city.
Adjacent to two major CBDs, convenient transportation within reach
Tianxi International is located between the Maslak and Levent districts, which are the calling cards of modern urban life and business centers in Istanbul. The project is located right next to highway entrances and subway stations, providing easy access to every corner of the city. It offers quick access to the second Bosphorus Bridge, and the subway and connecting highways lead to the new Istanbul Airport and the third Bosphorus Bridge. The superior geographical location and accessible transportation make Tianxi International a shining star in the center of the city.
Education and an international lifestyle are within reach
Tianxi International—the heart of Istanbul—offers a variety of unit types to meet the needs of different investors. The project has perfect supporting facilities, such as lobby services, a gym and SPA center, a sauna, a children's playground, and a swimming pool overlooking the city panorama. The entire house is equipped with a smart home system, a parking lot that can accommodate 3,500 private cars, and is adjacent to Istanbul's "big oxygen bar"—a 55 million square meter natural protected forest park. There are also gymnasiums, new gourmet worlds, creative design centers, and more, allowing residents to enjoy an international lifestyle.
In addition, the educational resources around the project are also very rich, with numerous famous international schools such as The British International School, International Small Hands Academy, Istanbul International Community School, and Bosphorus International Kindergarten, paving the way for children's education.
For those who want to participate in the Turkish investment market, purchasing real estate of no less than $250,000 allows the whole family to obtain a Turkish passport from a major European country, and the purchased property can be sold after three years! At the same time, for investors with needs, depositing the equivalent of $500,000 in a bank operating in Turkey for 3 years can also quickly obtain a Turkish passport from an EU candidate country! Furthermore, holding a Turkish passport not only allows you to apply for a US E2 visa to move to the United States, but also allows you to apply for Turkish business person visas and Turkish worker visas to move to the UK. If relevant conditions are met, you can also apply for benefits such as permanent residency in the UK!
As one of the top 500 Asian brands, WorldWay Group, as an immigration agency that promoted European property investment immigration projects early on, in addition to the Tianxi International project in Turkey introduced to investors in partnership with powerful Turkish developers, also offers other popular projects on the market such as the Garden Apartments in the core area of Istanbul and the Edim Mansion! There are many properties for you to choose from, helping investors seize the good opportunity for investment in Turkey! From September 1st to 30th, major promotions for the Turkey project are available. New and old customers who are interested in applying for Turkish immigration, please seize this opportunity! For details, please consult: 400-138-2929
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*The above information is for reference only and does not serve as a basis for investment. Investment involves risks, and choices should be made with caution*