Buying Izmir real estate for the Turkish citizenship by investment
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- Опубликовано: 11 июл 2024
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The city of Izmir, the third largest in Turkey, has very few foreigners buying there. The result is that there is very interesting value to be found there. I bought an apartment in Izmir two years ago.
In this video I went around with Keith, my Canadian buyer's agent (fluent in Turkish), and we had a look at a few properties. It gives a decent overview a market that is wide open to citizenship by investment applicants.
Time stamps:
00:00 Introduction
00:57 1st viewing of apartment in Izmir
08:45 Viewing of a historical house in Izmir
17:16 Viewing of apartment with sea view in Izmir
22:45 Conclusion on Izmir real estate market
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No part whatsoever of the discussion and presentation is, or should be considered as, investment advice, financial advice, legal advice, or tax advice. Always do proper due diligence and speak to a qualified professional advisor in your jurisdiction. Also, be advised that Ladislas Maurice and The Wandering Investor staff may own real estate or investments in the specific markets or opportunities that are discussed. The Wandering Investor may also have marketing agreements in place with certain opportunities that are mentioned.
📌 Contact Keith and get more information on his buyer's agent and renovation services: thewanderinginvestor.com/services/international-real-estate-services/my-real-estate-buyers-agent-and-renovation-team-in-istanbul/
📌 Full research article on the real estate investment market in Izmir: thewanderinginvestor.com/international-real-estate/making-a-real-estate-investment-in-izmir-a-value-play-within-turkey/
🇹🇷 How to get Turkish citizenship by investment: thewanderinginvestor.com/foreign-residencies/citizenship-by-investment-in-turkey-timelines-fees-and-traps/
I love your theme for this video.... "Investment property for citizenship". Also great commentary while looking at properties. Thanks.
Nice Tan Keith! looking ready for summer
Thank you both for such an in-depth video. All three properties are great. The 2nd home was gorgeous, but the sea views in the first and third homes are beautiful. I took a Princess cruise several years ago and we stopped at a port in Turkey (I can't remember the city, but in the area where you are). We took a land tour and had the most wonderful lunch at a home. The people were absolutely delightful and the food was awesome. I loved Turkey!
great content.
Great video
This was a nice tour. I like when you do these in Türkiye. Keith is a go-to man for real estate there. Your both handsome and eloquent but that second hone was their home. Say it's depressing when you leave. It is well maintained but the vibe is heavy because the house has a story. Best wishes..
Thanks for sharing
Keith and Ladislas. Dream team.
lmk if you need local on the ground source (buyer as well). also if youre cash buyer, offer 70-80% on sticker.
can buying a property thru bank forclosed for cbi purpose? if I will buy I'll choose a property near a mall in Istanbul and maybe a house & lot property.
Thanks again and again. It would be great to have one video (or more) with Alanya's location. I feel that Izmir is overpriced and very similar to Alanya, which is growing at a faster pace imo
Alanya is nice. But prices went up too much due to Russian demand.
No central heating in the first apartment? how to keep warm in the winter? Anyway, thanks for this video. Very informative
Thanks. You have the add the gas installation 👍
❤
We need Keith in Egypt.
When you were in that old historical house you kinda sounded like you were scared for your life... Any background information on that?
I just wasn’t particularly enthusiastic
I have seen your trend of leaving the Mayan Rivera and you should do some videos on Bacalar Quintana Roo since it’s growing a lot actually, you should also do some advice on living or investing on properties in Other boosting luxury areas like Costa Rica, Ecuador, Bali, Australia and the UAE which all have boosting markets with property that can make you slot of money if you plan to rent it out mainly for vacation homes as these are tropical destinations that people travel to but when your invest in places other then the Mayan Rivera or Mexico in general you realize places like Analí, Australia, Costa Rica and defiantly the UAE are much more expensive except Ecuador though it is a bit less luxury for the same price as much more luxury in the Mayan Rivera and the properties are nothing like what you would find in the Mayan Rivera especially in places with its own architecture like Tulum.
A more forward list for you. Argentina, The UAE, Ecuador, Bacalar Mexico, Costa Rica, Guatemala, South Africa, Australia, Bali Indonesia, Singapore, The Philippines.
Are there other options away from Istanbul and Izmir and the earthquake zones? Or other cities such as Ankara, Edirne, Konya, etc.??
Sure. It’s a massive country. Just less lifestyle in those places.
3rd propery is around 110k not 160k at least today:) I guess the price in USD still remains: 160k USD.
Price have gone down about 5% in USD terms
When was this filmed ? Must have been around 1 year ago ?
Last Summer
Has the Izmir market increased in USD terms since filming ?
@@mrz9672 it has gone down a little bit
Have you invested in Antalya ?
No. Prices went up too high due to Russian money.
The prices are why to high..
Not worth it. Ridiculously overpriced.
Be very careful before buying Turkish real estate, it doesn't appreciate very well, and the rental yields are quite low. You also have substantial geopolitical risks, and Turkey has limited property rights if you have tenants.
One more thing is the build quality. Many Turkish builders cut corners. While Izmir is not on the fault line, an major earthquake could do major damage throughout Izmir.
Train already passed, good luck with tenants and inflation
Are values affected by the political conditions facing Turkey, potential NATO war with Russia, potential war with Greece, potential widening war with Israel.and Iran???
Risk = people prefer having real estate than money in the bank
@@TheWanderingInvestor There's just too much economic and political volatility for risk in Europe in general including Greece and Turkey. Thailand, Cambodia, Vietnam and Malaysia aren't in that situation. Even most places in Latin America are too volatile for their own reasons.
Cyprus is Greece, Alaska is Russia, Europe, learn Ukrainian if you don't want to learn Turkish!
@@AquariumRuss I don't understand this reply.
@@dovygoodguy1296you don't know about the war potential in South China Sea?
Why is the Canadian saying "cool" every two words, when there is nothing cool about this property?
Cool
Turkish red tape is an absolute nightmare be warned. Took me 4 years to do some thing very simple and in the end was not done so i left the country.
really expensive and not worth at all .. just greedy and crazy and all is bad quality
Is it just me or were you acting like a bit of a prick during this video? Dunno, just my feeling.
😂 the roof comment
Lmao waste of Money.. Much better places around.
For CBI, the last place in particular seems very competitive.
Where?
As a Turk, we want you not to buy real estate from Türkiye. Because you are rising home prices. do not come to Türkiye.
🇹🇷🇹🇷🇹🇷🧿🧿🧿💯💯💯
Your real estate prices being high is more related to your extreme inflation not a few thousand foriegners every year buying properties.
@@Xenthoid do not buy real estate in Türkiye, we do not want foreigners any more... 🇹🇷🇹🇷🇹🇷🇹🇷
The Turkish real estate market is not appreciating at all