How to buy Real Estate in Istanbul for the Turkish Passport

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  • Опубликовано: 23 дек 2024

Комментарии • 85

  • @TheWanderingInvestor
    @TheWanderingInvestor  Год назад +2

    📌 Meet Keith, my real estate buyer's agent in Istanbul who can find great deals on the secondary market: thewanderinginvestor.com/services/international-real-estate-services/my-real-estate-buyers-agent-and-renovation-team-in-istanbul
    🇹🇷 Istanbul Real Estate Market Guide: thewanderinginvestor.com/international-real-estate/making-a-real-estate-investment-in-istanbul-turkey-overview-and-what-to-watch-out-for/

  • @asiaticonaeuropa
    @asiaticonaeuropa Год назад +6

    I've been watching hundred of channels about this kind of things. But I have to admit that this is the only one channel makes me feel the transparency. It is the first channel that reveals all the honest numbers. Thank you very much and keep up with great work!!!

  • @travelingfamily1859
    @travelingfamily1859 11 месяцев назад +3

    Appreciate your video! Thanks

  • @mjhmn
    @mjhmn Год назад +14

    One more thing: I invested almost 500k and haven't made one penny in profit. The rental amounts in Turkey are not good, and you lose quite a bit on repairs. Turkey is a poor market for rental yields. Also, watch out who your property manager is; they may get you a tenant who's paying below-market rent but paying a person like Keith a broker-fee premium.

    • @brianpour292
      @brianpour292 Год назад +2

      If you could go back in time, would you do it again? If so, what would you differently.

    • @mjhmn
      @mjhmn Год назад +5

      @@brianpour292 Let me first say that Ladislas is an awesome guy, one of the few honest, good people out there in this area.
      I need to bite my tongue to a certain extent. But this has been an awful experience, especially considering attorney embezzlement, incompetence, and no rental yield.
      The only thing for you is how much do you want the Turkish passport? Egypt and Turkey are the only passports you can get and maybe make a profit. Good luck to you.

    • @brianpour292
      @brianpour292 Год назад +5

      @@mjhmn i really appreciate your reply. I am in search of a property in turkey but i fear it may be a mistake. The business deals are not always in favor of both parties. Hardships cause people to take advantage of the unknowing (me).

    • @mjhmn
      @mjhmn Год назад +8

      @@brianpour292 I hear you. You're certainly a sophisticated investor since you're watching Ladislas's channel. Turkey is not the same as the US/EU. You will face much greater risks because you're a foreigner. This is why the US is still the main flight to safety for most of the world's wealthy.
      I originally got involved in Turkey when it was 250k for CBI. I've invested over 475k and didn't reach the 400k CBI number because of the gross incompetence of my real estate agent. I now have an albatross that I'm trying to fix. This is why I definitely feel for your business dealing concern.
      It is not talked about much but the Turkish real estate market is in bad shape right now. Nothing is selling; it's definitely a buyer's market. You could get a good deal if you hold for the CBI period. But Turkey has lots of systemic problems, and there isn't the same rule of law.
      If you want to diversify into international real estate, talk to Ladislas and pick his brain about the best markets to invest in. Turkish CBI is a good geopolitical hedge. If you want that hedge and have the 400k available (and don't care much about yield), it could be worth it if you're willing to endure some pain.

    • @investglobal0707
      @investglobal0707 Год назад +4

      You are right!Keith is bullshitting about getting rent $1400 for that flat in Sisli. I can get much better property in Sariyer on the bosphorus cheaper than in a shity Sisli area.

  • @josephgerrardselfdefence
    @josephgerrardselfdefence Год назад +4

    Brilliant info this one... turkey to me is one of the most underrated countries in the world... insane value for money I don't know i've seen matched anywhere else... ever!

  • @disndat1000
    @disndat1000 Год назад +5

    Ladislas and Keith, my favorite team. Hit it out of the park again.

  • @michelangelo1074
    @michelangelo1074 Год назад +3

    Great video , keith is the master of istanbul real estate 🙌🏻

  • @dovygoodguy1296
    @dovygoodguy1296 Год назад +4

    Ladislas, in your property assessments could you also shed light on the issue of infrastructure and environmental issues, such as electrical lines, water supply, plumbing in older buildings in these countries, noise, local safety concerns, etc .? Also the fact of locations with alot of steps, hills, stony roads, broken sidewalks, etc. wouldn't be positive draws for older people.

  • @rokziherl4490
    @rokziherl4490 Год назад +2

    A great video as always. Just one thing - i believe the government restricted the areas which still qualify for citizenship by investment, Istanbul being completely excluded now (due to the pressure on the property prices with the inflow of foreign cash squeezing locals out of the market). I would love to hear your comment.

    • @TheWanderingInvestor
      @TheWanderingInvestor  Год назад +2

      These restrictions are only for the residency by investment and leasing programs. Citizenship by investment applicants can still buy wherever they want in Turkey.

  • @leopercipied2741
    @leopercipied2741 Год назад +4

    What about sellers "under-declaring" the value (putting you under 400k)?

    • @TheWanderingInvestor
      @TheWanderingInvestor  Год назад +1

      Happens a lot. You need to negotiate for this not to happen, or else move on to another property.

  • @mjhmn
    @mjhmn Год назад +13

    Just make sure your realtor actually gets you to 400k, so you don't have an albatross around your neck! Also be very careful with what attorney you hire. I had a couple of attorneys that had no problem embezzling money from me. Turkey doesn't have the same rule of law as the US or EU does.

    • @Molloy1951
      @Molloy1951 Год назад +3

      Well pointed out.

    • @samuweljon4001
      @samuweljon4001 Год назад +2

      So who do you recommend? because I'm interested in buying.

  • @ismailjanahi1719
    @ismailjanahi1719 Год назад

    As usual informative video, and big K looking good in pink 👍

  • @wise1beats
    @wise1beats Год назад +2

    Great video, very thorough reviews!

  • @Molloy1951
    @Molloy1951 Год назад +6

    Young Turkish people will not buy an apartment without a parking lot. Don't forget this if you plan to sell it in the future.
    Another point: if you intend to use this place as a vacation pad, forget about it. It's far from all the interesting places, public transportation is poor, there is no ride-hailing services in Turkey, and taxi services are appalling in Istanbul.
    All in all, these places don't look like an attractive investment. I would never invest in it.

  • @asiaticonaeuropa
    @asiaticonaeuropa Год назад

    @3:32: the bedroom looks very small. Is it possible to fit a bed in this bedroom?

  • @micomarinas2753
    @micomarinas2753 Год назад +1

    if I will choose to buy brand condominium is istanbul CBD area let's say $500k, how many bedrooms can I get with a car park?

  • @keithboyle9794
    @keithboyle9794 Месяц назад

    Good information...

  • @walidalsharabi858
    @walidalsharabi858 Год назад

    But I think rule changed and need to buy only single property to get the citizenship, right ?

  • @SinghCapital
    @SinghCapital Год назад

    Do you know if I can pay with crypto? I have purchased in Dubai using my Crypto but not sure if its possible in Turkey...

    • @TheWanderingInvestor
      @TheWanderingInvestor  Год назад +1

      Yes. You can cash out your crypto physically in Turkey and buy with cash. Keith can help.

    • @SinghCapital
      @SinghCapital Год назад

      @@TheWanderingInvestor Thank you, will get in touch soon.

    • @nawki4200
      @nawki4200 6 месяцев назад

      @@SinghCapital I recently bought a house in Istanbul with the help of Tamimnaweed's, and I must say, they are the best! Their service was insane, making the entire process smooth and hassle-free. Highly recommend!

  • @neonomad1939
    @neonomad1939 Год назад +2

    Some issues that i feel should be addressed include the crazy inflation( affects rental income)and the build quality to withstand an earthquake.

    • @TheWanderingInvestor
      @TheWanderingInvestor  Год назад

      Yes. You’re right. They get addressed in the article: thewanderinginvestor.com/international-real-estate/making-a-real-estate-investment-in-istanbul-turkey-overview-and-what-to-watch-out-for/

    • @neonomad1939
      @neonomad1939 Год назад +1

      @@TheWanderingInvestor It's a thoroughly researched and informed article. I always wondered why the local resell market was much cheaper though. How risky are off-plan projects?

    • @TheWanderingInvestor
      @TheWanderingInvestor  Год назад +1

      @@neonomad1939 the smaller developers are riskier than the proven ones. Some go bust. Most don’t. But there are often issues with finishes.

  • @dovygoodguy1296
    @dovygoodguy1296 Год назад +3

    Ladislas, I take seriously everything you discuss in your eminently produced videos. But I just can't get my head around Turkey being "the place" as compared for example, to Uruguay or Paraguay, given Turkey being in the nexus of constant earthquakes, potential war with Greece, caught between NATO and Russia, Kurdish rebellion and potential war involving Israel.

    • @TheWanderingInvestor
      @TheWanderingInvestor  Год назад +2

      Did I ever say it’s “the place”? It’s “a place”. And you can’t buy the passport in Uruguay and Paraguay.

    • @dovygoodguy1296
      @dovygoodguy1296 Год назад

      @@TheWanderingInvestor Videos about Turkey are definitely positive as a place of investment. I'm just raising questions.....

    • @TheWanderingInvestor
      @TheWanderingInvestor  Год назад

      @@dovygoodguy1296 Complimentary. But yes, Turkey is certainly not the silver bullet. It will get caught up in a lot of negative headlines.

  • @investglobal0707
    @investglobal0707 Год назад +2

    Keith is in a different planet😂 where did he get the prices for those flats based on earthquake line with unachievable rental yields.Plus property market is dead at the moment.

  • @Telencephelon
    @Telencephelon Год назад

    10:50 WHY? Why is it cheap. Well because it has no elevator. That is a even bigger deal breaker when talking about familities or multi generation households. Sometimes you are ridiculous. Most of your info is good tho

  • @thespiritualcapitalist626
    @thespiritualcapitalist626 Год назад

    Hi Keith:).

  • @starb0146
    @starb0146 7 месяцев назад

    Why on earth would anyone invest in order to obtain a Turkish passport?

  • @rossr6616
    @rossr6616 Год назад +2

    How is Seismic certification?😂

  • @Themba1222
    @Themba1222 Год назад

    Dope video

  • @testadept
    @testadept Год назад

    Interesting. Ive been watching Turkey for a long time but i think for 5% youll better off with bonds

  • @teevee8944
    @teevee8944 6 месяцев назад

    ehh, why would anyone want a turkish passport??

  • @waxzee7193
    @waxzee7193 9 месяцев назад

    Wish someone can buy for me..

  • @ZOS26
    @ZOS26 4 месяца назад

    The who real estate pitch is a scam in turkey. You will never make money. These builders or brokers will promise you a fancy picture and when it comes your turn to sell, they will tell you the reality and ask you to sell below purchase price. Many of them will ask you for power of attorney to sell giving them full control of what price they sell at. Keep your money with you in your home country.

  • @civilengineeringRP
    @civilengineeringRP Год назад +2

    Don't do it , everything is fake

  • @b4bmm
    @b4bmm Год назад

    One for dinner and one for meth

  • @yiannosphiniotis
    @yiannosphiniotis 4 месяца назад

    Who cares

  • @es9382
    @es9382 Год назад +1

    Sorry...old, crappy and overpriced, wouldn't pay more than 1k per m2 for these AT BEST

    • @lilimontistanbul5910
      @lilimontistanbul5910 Год назад +2

      1k per sqm is out of the question for downtown İstanbul. Actually l can hardly think of any global city that that number iş achievable.

  • @jimmysamimalahefji3490
    @jimmysamimalahefji3490 Год назад

    very bad appartment

  • @nonameanon9368
    @nonameanon9368 Год назад

    It's to basic for me lol not impressed with this apt at all lol

    • @TheWanderingInvestor
      @TheWanderingInvestor  Год назад +3

      It’s fine. It’s the market. Most older apartments in Istanbul are unimpressive.

    • @walidalsharabi858
      @walidalsharabi858 Год назад

      Yes, it’s not the dream house. It’s an investment.

  • @guylocation9823
    @guylocation9823 7 месяцев назад

    Who wants to live in turkey ??😂
    Say hi to tyrant Arduan for me

  • @dvillafane6477
    @dvillafane6477 Год назад +1

    Please does Keith have a website? I found it once. Please advise. He had sales and rentals in Chiangir. I am looking to leave New York in 5 years. I cant take it here anymore Please respond to me directly. Thanks so much @TheWanderingInvestor