Expat American considering buying a home on the Agean/Med coast some time this year. Alanya to Izmir is where I am looking. Value for money is extremely high. Currently living in East Ukraine atm so a move to Turkey would be fairly rational considering what is happening here...LOL
Yes, I would do the venture capital fund investment. I don't want to take the risk of having a physical asset there or living there. I want to live in countries where I am not a citizen.
there is a problem with that scheme that I've seen at least in Ukraine in Argentina. Central banks can and do publish exchange rates which are widely different from actual exchange rates
I was in Turkey in 1992, 30 years ago. I worked for 3 months automating a steel mill. I still have a 10,000 lira note. At that time 6700 lira=$1. At that time I could exchange dollars for lira or gold at a jewelry store. It seems Turkey always has an inflation problem. I wouldn't trust Turkey with my money.
Im a digital nomad and i live here at the moment, arrived 8 months ago, just for an comparison Arrival : Current Price Fuel - 8/23 Rent - 2500/6500 Milk - 6/12 Electricity Bill - 400/1500 everything went up 3-4x within a few short months, i only exchange 1000 lirra at a time before i withdraw from the atm, anyone who banks here is insane.
We live in Izmir, love it. Istanbul is amazing but Izmir for day-to-day living is nicer, quieter and easier to get things done. Yes am investing here 🙌
Andrew does a great job putting all options on the table, as crazy as they seem. Please continue doing it. Nevertheless, I simply cannot trust what they say, it's like buying Argentinian bonds. Too risky.
Was just a few weeks back they warning industries of a shut down from the lack of gas. They have been asking for citizens to turn in gold and foreign currencies for a while now. Not sure I'd be looking to get involved there. Seems the nationalization or currency reset risk is abnormally high - too high for 14% IF that ends up working out
I'm invested in Türkiye and have no problem with this program. I'm certainly not an 7 or 8 figure entrepreneur, as I'm sure most who watch this channel aren't, but I will say, sure there are always risks in emerging markets, but there is risk in every investment. I'm currently in Alanya and I absolutely love it here and always hate to leave. ❤️🇹🇷
@@bewilderedwomenstravels6776 Yes. Ofcourse. This is to make uninformed small investors aware of the big risks of investing in Turkey or moving there at this point.
At the end of 3 years, will they return the money in USD ? Or ask you to keep the lira ( with the interest and the compensation for lira depreciation ) ?
Its a gimmick, the government will compensate you for your inflation loss based on the official government's reported inflation rate. I even think Erodgan fired the guy who was in charge of the stats. But I digress, Steve Hanke is measuring Turkish inflation currently at about 90% which is far, far higher than the official rate.
I live in Turkey, and if inflation was at 90%, the interest rates would be much higher and people would be hungry and begging for food on the streets. That's simply not the case. 90% is totally quacked out.
Lost almost 20 k last year with the fluctuations and yes I was invested in an interest bearing account the currency weakens more then the interest I was making.... Just keep your money in USD till the administration changes
It means to me that as per Turkish government predictions, inflation is going to be not higher than interest rate in near future .otherwise they would not capable to handle that compensate issue. Since so many local people have such investment accounts.
@@RomilCPatel Really, can you expand as to why? I wish I'd never come back to the U.S. from Japan and SE Asia and NOW feels like the time to get out for good , but after being hard hit by the Viral operations, and the Visa situation in Malaysia and Thailand, I was considering Turkey but my concern was for a big downward shift in the U.S. Dollar and a rally of the Lira changing that dramatically.
Andrew i credited you and Nomad Capital as 'savvy' but i have lost all faith in you now actually trying to promote Turkey as an investment! No more than a very bad gamble in a casino where the 'house' always wins!
only good for small amount and flexible situation, because there is a large flaw: what if USD collapse? (global fiat collapse), then the lira depozit will suffer anyway...
I have family in the UK that frequently travel there for holiday, as well as affordable dental work. It would be nice to have a place there for the family and friends to stay.
And what happens when they reset their currency.....again? Rules on currency change when they "reinvent" their currency again. I'd buy property and hard assets there and not buy their basket case currency. Read "when, money dies".
Turkey is much better than you may think. Erdogan is fighting to better the country. We spent a month in Antalya and Istanbul and will come back. Real estate there is nice and multiple times less expensive than in the West.
That apply only for local turkish citizens. International are not covered with that. I came to Turkey for your information but unfortunately you weren't accurate enough with what is going out of your mouth.
When somebody has to pay you to take their property away you know it's completely worthless and the situation has gone beyond desperate. Obviously the printing press is going bŕrrrrŕrrrrrrr........ A world financial shock is just around the corner with a depression that the world hasn't experienced for 100 years.
That’s not exactly correct.. south Cyprus first attacked and killed civilians tortured kids and women. Turkey had no choice to enter and help TUrkish side of the island. You can manipulate people but history will not change
@@River-qm2ue you can believe whatever you want to believe but that logic doesn’t add up. The Greeks attacked and tortured children and women? Do you really believe that garbage?
@@greeceundiscovered9670 Nikos Sampson was declared provisional president of the new government. Sampson was an ultra-nationalist, pro-Enosis combatant who was known to be fanatically anti-Turkish and had taken part in violence against Turkish civilians in earlier conflicts
Would you invest in Turkey in 2022?
Expat American considering buying a home on the Agean/Med coast some time this year. Alanya to Izmir is where I am looking. Value for money is extremely high. Currently living in East Ukraine atm so a move to Turkey would be fairly rational considering what is happening here...LOL
yep. It's in my trifecta because Istanbul is such an amazing place and the airport flies direct to more places than any other airport.
Never
Yes, I would do the venture capital fund investment. I don't want to take the risk of having a physical asset there or living there. I want to live in countries where I am not a citizen.
@@aerorobnz Istanbul is a *hithole, I've been there. Antalya and Analaya are better options
there is a problem with that scheme that I've seen at least in Ukraine in Argentina. Central banks can and do publish exchange rates which are widely different from actual exchange rates
I was in Turkey in 1992, 30 years ago. I worked for 3 months automating a steel mill. I still have a 10,000 lira note. At that time 6700 lira=$1. At that time I could exchange dollars for lira or gold at a jewelry store. It seems Turkey always has an inflation problem. I wouldn't trust Turkey with my money.
Yeah unfortunatly we've always had an inflation problem in Turkey... Sad but true.
Im a digital nomad and i live here at the moment, arrived 8 months ago, just for an comparison
Arrival : Current Price
Fuel - 8/23
Rent - 2500/6500
Milk - 6/12
Electricity Bill - 400/1500
everything went up 3-4x within a few short months, i only exchange 1000 lirra at a time before i withdraw from the atm, anyone who banks here is insane.
I like the fact Andrew just lays out the situation. He's not recommending against it, and he's not saying it's insane. You can make your own decision.
We live in Izmir, love it. Istanbul is amazing but Izmir for day-to-day living is nicer, quieter and easier to get things done. Yes am investing here 🙌
What are the trust worthy real estate offices to deal with?
But you're losing money? Over the past 5 years it's lost 80% of value against the USD.
Andrew does a great job putting all options on the table, as crazy as they seem. Please continue doing it. Nevertheless, I simply cannot trust what they say, it's like buying Argentinian bonds. Too risky.
So you lock your money up for months and get no return if the currency falls. Does not sound smart to me
Great. The "Roach Motel" of banking: Your money checks-in ... but it never checks-out.
Could you do a renewed list of free countries to visit. (No tests, vax passports etc.)
Mexico!
I was in turkey last week, what a place to stay!
Constantinople must be nice!
@@wasp7967 it's beautiful. I went to see the sultans hareem. There was a section for his personal concubines which were mainly Romans.
Was just a few weeks back they warning industries of a shut down from the lack of gas. They have been asking for citizens to turn in gold and foreign currencies for a while now. Not sure I'd be looking to get involved there. Seems the nationalization or currency reset risk is abnormally high - too high for 14% IF that ends up working out
I'm invested in Türkiye and have no problem with this program. I'm certainly not an 7 or 8 figure entrepreneur, as I'm sure most who watch this channel aren't, but I will say, sure there are always risks in emerging markets, but there is risk in every investment. I'm currently in Alanya and I absolutely love it here and always hate to leave. ❤️🇹🇷
Omg. We need to connect. I'm relocating to turkey in may! And if I like- it- want to invest. Going to bodrum area
May be 250K plus USD is chicken feed for you !
@@kw9494 how does this contribute to the discussion
@@bewilderedwomenstravels6776 You know how to reach me...
@@bewilderedwomenstravels6776 Yes. Ofcourse. This is to make uninformed small investors aware of the big risks of investing in Turkey or moving there at this point.
At the end of 3 years, will they return the money in USD ? Or ask you to keep the lira ( with the interest and the compensation for lira depreciation ) ?
Can u make a video about the new proposal from the EU to suspend all CBI passports of the Caribbean from Visa free status ?
I recently relocated to Turkey... interesting times.
A Turkish delight!
Ya! got there before me!!🤟🏻
Is there a higher risk in investing in turkey in light of the current saber rattling with NATO and Russia
The last thing on my mind would be banking in Hyperinflation Turkey under Erdo's rule.
here we are two years later and the lira sits at 30 to the dollar
Its a gimmick, the government will compensate you for your inflation loss based on the official government's reported inflation rate. I even think Erodgan fired the guy who was in charge of the stats. But I digress, Steve Hanke is measuring Turkish inflation currently at about 90% which is far, far higher than the official rate.
I live in Turkey, and if inflation was at 90%, the interest rates would be much higher and people would be hungry and begging for food on the streets. That's simply not the case. 90% is totally quacked out.
Looking forward to the unveiling of your new home in Turkey:) Peace.
Lost almost 20 k last year with the fluctuations and yes I was invested in an interest bearing account the currency weakens more then the interest I was making.... Just keep your money in USD till the administration changes
It means to me that as per Turkish government predictions, inflation is going to be not higher than interest rate in near future .otherwise they would not capable to handle that compensate issue. Since so many local people have such investment accounts.
Turkish banks have blocked our USD and Euros saying to cash in Lira or forget it
Thanks Andrew, Excellent! Do you have any predictions as to where the Turkish lira might go from here on ?
@@RomilCPatel Really, can you expand as to why? I wish I'd never come back to the U.S. from Japan and SE Asia and NOW feels like the time to get out for good , but after being hard hit by the Viral operations, and the Visa situation in Malaysia and Thailand, I was considering Turkey but my concern was for a big downward shift in the U.S. Dollar and a rally of the Lira changing that dramatically.
Down. Government policy is ridiculous. No change on the horizon just means more stupidity.
Do you know which brokers support non US citizens investing in Turkish stocks?
" The Turkish Delight" would've been a better Title.
Just sayin'!😉
Maybe add comments about building safety in recommending areas considering devastation from earthquake
Andrew i credited you and Nomad Capital as 'savvy' but i have lost all faith in you now actually trying to promote Turkey as an investment! No more than a very bad gamble in a casino where the 'house' always wins!
Thank you for sharing the idea.
only good for small amount and flexible situation, because there is a large flaw:
what if USD collapse? (global fiat collapse), then the lira depozit will suffer anyway...
I have family in the UK that frequently travel there for holiday, as well as affordable dental work. It would be nice to have a place there for the family and friends to stay.
And what happens when they reset their currency.....again?
Rules on currency change when they "reinvent" their currency again.
I'd buy property and hard assets there and not buy their basket case currency. Read "when, money dies".
if possible discuss the Turkish bond route more extensively. Cheers
Are you seeing many banks supporting commercial lending in Turkey , either domestic or external?
I would love a Turkish passport
Buy a property for 250.000 then you’ll get it
i lived on this street!!! 1:21
You must be a resident to qualify for this fx protected program. FYI
True...
no
Turkey is much better than you may think. Erdogan is fighting to better the country. We spent a month in Antalya and Istanbul and will come back. Real estate there is nice and multiple times less expensive than in the West.
Can the interest be withdrawn from the account during the 3 year holding period?
I have a Turkish bank account - still waiting for them to pay me... LOL 🤣🤣
Can you make a video about how to invest in Russia please?
Can this be for people making 6 figures that want to have other ways of accumulating wealth?
Please Talk about Turkiye Inheritance laws, you pass, A a foreignee, a goes to the Government... Will or no will
That's Bullshit.
Hi
I’m looking to move my investment to a overseas account for security purposes
What do you recommend
Thanks
but won't they be paying you with money they've raised through QE? and we know what QE does to the rest of the currency in circulation don't we ;)
Is it still safe to do so 2024?
I’m interested. So the only requirement is to deposit $250,000 and keep it in liras for 3 years?
No, it's the TKL equivalent of $500,000. (The $250,000 alternative is for real estate purchases only).
Sounds risky
The Lira maintains its value against the dollar about 63% of the time.
Hell no 👎
Ty🌞🦋🏖
MAKE A VIDEO ABOUT HOW TO AVOID TURKISH MILITARY IF YOU BECONE TURKISH. PLEASE.
14 percent! Interesting. Thank you. 💪🏻
...and 50% inflation in January.
Lira flattened out until Putin decided to invade. 20 Lira = 1 USD by July 2022.
That apply only for local turkish citizens. International are not covered with that. I came to Turkey for your information but unfortunately you weren't accurate enough with what is going out of your mouth.
Inflation in Lira can be as high as 90-100% - stay away from these deposits!
Holy Christ Andrew saved four grand. Millionaires and especially Billions are not exploring options in Turkey. Give me a break!
waiting for price decrease in EU citizenships
you forgot that it is tax free
Remind me on Erdogan's last day... I'll go all in.
LOL, your words of , believe and should, how about what I hold, I own it
Amazing
Thanks.
If I remember clearly, turkey don’t allow dual citizenship. Isn’t it technically illegal to hold other passport once you get Turkish passport?
Turkey is one of the countries that have no problem with dual citizenship.
Turkey allow dual citizenship
When somebody has to pay you to take their property away you know it's completely worthless and the situation has gone beyond desperate. Obviously the printing press is going bŕrrrrŕrrrrrrr........
A world financial shock is just around the corner with a depression that the world hasn't experienced for 100 years.
I'd avoid Turkey in general right now
Why is that if you don't mind me asking?
yes Turkey has billions in the basement to pay your 14%
Andrew you were disappointed in the Ukraine conflict. Turkeys has illegally militarily occupied half of Cyprus since 74.
Turks are occupiers in Turkey itself !!
@@kw9494 Exactly
That’s not exactly correct.. south Cyprus first attacked and killed civilians tortured kids and women. Turkey had no choice to enter and help TUrkish side of the island. You can manipulate people but history will not change
@@River-qm2ue you can believe whatever you want to believe but that logic doesn’t add up. The Greeks attacked and tortured children and women? Do you really believe that garbage?
@@greeceundiscovered9670 Nikos Sampson was declared provisional president of the new government. Sampson was an ultra-nationalist, pro-Enosis combatant who was known to be fanatically anti-Turkish and had taken part in violence against Turkish civilians in earlier conflicts
Could you go slow down, and speak in a way more articulately? Lol
👀
Can you make video for Russian citizenship ?
FUN FACT: DO YOU KNOW TURKEY OCCUPIED CYPRUS?
in 2023 Turkey will open door for 30-40 millions muslims; welcome to EU
😂