Since Turkey relaxed the requirements for its Citizenship by Investment program last year, there has been a sharp increase in property purchases by foreigners. This has led to a significant rise in demand for Turkish furniture and a notable increase in sales, driving rapid growth in Turkey's furniture industry.
The head of the Turkish Furniture Industry Business Association stated that sales of homes to foreigners have increased furniture sales by approximately 20%, with the majority of homebuyers demonstrating a strong interest in Turkish furniture. Meanwhile, the head of an Istanbul-based furniture company noted that sales to foreigners who have obtained Turkish citizenship account for about 10% of total Turkish furniture sales.
According to data from the Turkish Statistical Institute (TurkStat), the number of homes purchased by foreigners reached over 27,000 in the first eight months of 2019. Among all cities in Turkey, Istanbul recorded a higher volume of home sales to foreign nationals.
As Turkey's regional hub for economy, commerce, culture, finance, and transportation, Istanbul is a globally recognized destination for migration and a city with rapid population growth. Benefiting from its favorable geographical location and high GDP growth, it attracts a large number of migrants. In 2018, 577,457 foreigners migrated to Turkey, an increase of 23.8% from the previous year, with Istanbul accounting for approximately 202,000, or 35%. It is worth noting that as of 2018, 11.9% of those who moved to Turkey were between the ages of 25 and 29, 11.5% were between 20 and 24, and 10.3% were between 30 and 34. This indicates a significant net influx of people creating housing demand, which continues to drive up demand for rentals and home purchases, thereby boosting Turkey's real estate and furniture sales.
With the commissioning of the new Istanbul Airport, where passengers from around the world will take off, arrive, and transit, Istanbul is set to truly occupy a critical position in global air travel. This massive flow of people is likely to drive the rapid development of the real estate market in Istanbul and across all of Turkey, and may also attract more investors to the country!
Currently, the WorldWay Group, a top 500 Asian brand and an early promoter of European property-based immigration programs, is leveraging its forward-looking vision to partner with reputable Turkish developers to introduce various property projects to investors, such as Core Garden Istanbul, Adim Istanbul, and Tianxi International, which are located in the European side of Istanbul and are currently among the most popular projects in the market!
2019 Win-Win Project for Overseas Identity + Overseas Real Estate
European Side of Istanbul, Turkey
Property purchases starting from $250,000
Obtain a Turkish passport from a major European power
1. Core Garden Istanbul
Exquisite Collection
Only one unit left, limited time release
Pay in full before September 30, 2019
Enjoy a 12.5% discount on the property price
High floor with panoramic views
1+1 layout with full natural light and triple-aspect windows
Located in the embassy district of Istanbul, safe and comfortable
Reasonable price with fast ownership transfer
Managed by a professional company, eliminating the hassle of vacancies, rent collection, and maintenance
Compliant with the rental standards of large, third-party international professional leasing companies
2. Turkish Tianxi International
High-rise residential and business landmark in Istanbul's European district
Panoramic views overlooking the beauty of Istanbul
Adjacent to two major CBDs; convenient transportation; within walking distance to the metro
Strong international community atmosphere; connected to a large shopping mall
Finished, move-in-ready property with fast ownership transfer
3. Adim Istanbul
Residential project within the radiant zone of the Istanbul Canal
Large move-in-ready property in Turkey's European district; suitable for both investment and residential use
Rich educational resources including international, public, and private schools
Metro-front property located in a high-growth demographic planning area
Adjacent to shopping malls, city squares, and large parks
Friendly pricing starting from $1,500 per square meter
Turkey is a major geographical, demographic, and economic power in Eurasia among countries currently offering citizenship programs and is a G20 member state offering a low-threshold investment passport program!
For those interested in participating in the Turkish investment market, purchasing a property worth no less than $250,000 allows the whole family to obtain a Turkish passport, and the property can be sold after three years! Meanwhile, for interested investors, depositing the equivalent of $500,000 into banks operating in Turkey for three years also provides quick access to a passport from Turkey, a candidate country for the European Union! Additionally, holding a Turkish passport not only enables applicants to apply for a U.S. E-2 visa for relocation to the United States, but also allows applicants to apply for Turkish business person and worker visas for relocation to the United Kingdom, meeting relevant conditions to apply for British permanent residency and other benefits!
Currently, the highly anticipated and popular Turkish Immigration Month event is in full swing! During the Turkish Immigration Month, WorldWay is promoting various Turkish immigration programs! A series of diverse activities covering education, investment, asset allocation, tax planning, policy analysis, and immigration are also being held! From September 1st to 30th, major discounts are available for Turkish projects. New and returning clients interested in Turkish immigration, please seize this great opportunity! For further details, please contact: 400-138-2929
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