Citizenship by Investment in the Amount of $100,000…?

Citizenship by Investment in the Amount of $100,000…?   

Yes it’s possible to obtain Citizenship by Investment in Turkey for less than 

$250,000. This is only possible by applying a technique that utilizes investment 

contracts. 

There are additional risks for the investor with this technique. First, there is the 

risk that the investor will forfeit the amounts invested if the investor misses making

the periodic installment payments. Second, there is the counterparty risk that the

investment becomes insolvent, leading to legal costs, deferred liquidation, and 

potential loss . 

To successfully apply this technique, a higher level of expertise is required for two 

aspects. Firstly, the Risk Assessment of the investment requires detailed Due Diligence 

on the counter-party, cash flows, asset, transaction, and investment contract. This is not 

an investment for an investor that is unfamiliar with any of these concepts.  Second, a 

greater degree of expertise is required for the management of the Citizenship 

application, both at the initial stage, and during the life of the contract.  

All of the above require expert advice that 'drills down’ into  the 

investment in much finer detail than the usual standard investment parameters 

and application management.

Expert advice is essential, and is not widely available. Investors will require a 

professional Risk Assessment, beginning with the transaction methodology, as 

the essential first step. Under no circumstances should the advice be relied upon 

from service providers that handle only the usual investment fund or real estate 

investments, such as stock brokers, real estate agents, generalist lawyers, 

or global citizenship consultants. 

#citizenship-investment-turkey, #CitizenshipInvestmentTurkey

‘The Guide’ of How to Buy Property in Turkey - Explains ‘What and Why’… Knowing ‘How’ is the Key

Finally buyers can now rely on simple guidance on buying procedures used by
locals. Thus avoiding the numerous pitfalls and disastrous outcomes that occur 
when foreign buyers of property in Turkey are mislead by English speaking estate 
agents, and their glossy websites. 

Regrettably, these same misleading procedures are also often followed by lawyers 
and mortgage brokers to which the agents introduce their foreign buyers.  In this 
way many, many foreign buyers have completed a purchase without realising the 
procedures they have followed would never be accepted by local Turkish buyers. 
For good reason, too, most often because the misleading procedures of agents are 
designed to minimise the buyers negotiating leverage on price discounts, and 
conceal key deficiencies in title, the most common being the lack of habitation 
certificates. Eventually the foreign buyers learn about the true market prices, and 
the lack of permits, and in both cases, the cost of following English speaking agents’
buying procedures adds up to several thousand Pounds, Dollars or Euros.

Now thankfully,  ‘The Guide to Buying Property in Turkey - Like a Local ‘  describes
 ‘what’ the differences in procedure are, the local way,  and ‘why’ it is so important 
to avoid following English speaking agents’ insistence and manipulations to obtain 
a ‘reservation deposit’. Ten pages of detail are a must read for anyone and everyone
buying a property in Turkey. 

A property purchase is a substantial investment, and a buyer that informs themselves
fully at the beginning of the procedure, has made the right first step protecting that
investment, ensuring a favourable outcome at the end. Too often buyers are mesmer-
ised by the many wonderful lifestyle attractions of great food, beautiful natural sur-
roundings, joyous social atmosphere, warm sunny climate, and cheap property with
ample proportions. And these are the circumstances, in which a buyer is tempted 
into ignoring the essential procedural details of ‘how’ to buy, which is exactly what 
agents are relying upon. 

The ‘what’ and ‘why’ of buying are fully explained in the ten pages of the guide, 
conveying more than 30 years of insights into managing more than 3,000 property 
purchase transactions for foreign buyers in Turkey. Unfortunately, what the Guide 
can not do in the ten pages provided is to explain ‘HOW’ to do what is needed. For 
the very simple reason that ten pages is simply insufficient to address the very wide
range of tactics and deceptions, applied by agents and their collaborators in law 
offices and mortgage banks, for manipulating the trusting, unsuspecting foreign 
buyer.  If a buyer isn’t hooked by the first trick an agent uses, the buyer will be 
hooked by another, of the many in the agent’s proverbial bag of tricks. No amount 
of advance reading and research can adequately guard against this outcome, for the
simple reason that buyers can not know what questions to ask, or what to instruct, 
because they do not know what to expect of the situation, and most often only have
only the advice of agents and their collaborating lawyers and mortgage brokers to 
consider. So many permutations and variations in the non-standardised nature of 
Turkish property permits, title liens and claims, and payment procedures, means 
that having done one, two, or three transactions, is not enough to obtain a satisfact-
ory awareness of everything that needs understanding, in the myriad of circumstan-
ces that can unfold for each different property transaction. Despite agents’ earnest 
assurances to the contrary... (!!!).  

Fortunately, the ‘how’ is best obtained from advice available from independent 
professionals. These transaction managers perform an essential function & service, 
scrutinising and directing all aspects of a purchase transaction, and are paid by 
astute buyers to look after their best interests, in the detail required. This is often 
not the case with lawyers and their conflicted interests, with the agents and develop-
ers that introduced the buyer, being their first allegiance. The temptation of huge 
hidden price mark-ups and commissions is simply irresistable, like 'Gold Rush Fever'. 
The legal reality is that consumer protection laws in Turkey are weak, and real 
estate transactions for foreigners are un-regulated. That means that legal recourse 
is limited, and costly. So with some optimism, looking forward to the future will 
always be brighter when the needlessly predatory practices of English speaking 
estate agents are eradicated from the market. Hopefully, 'The Guide…’ will help that
to happen soon.... 

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#BuyPropertyTurkey, #The-Guide-To-Buying-Property-in-Turkey