Tameer Istanbul
Second and third generation Muslims in the UK have been looking for a new friendly country for a second home and retirement.
Using our own requirements as a starting point, and through discussions with other Muslims, we believe we have identified the criteria for an ideal second home country.
- Muslim friendly (halal food, mosques and other Muslim needs)
- Good legal and political systems in place
- Strong economy
- Infrastructure and systems similar to EU
- Good schools and universities
- Career/business opportunities
- Multiculturalism
- Quality of life
- Value for money
- Good climate and weather
We have travelled and researched the Middle East, the Far East and South Asia and none of those countries meet all the criteria listed above. Malaysia does meet most of the criteria but the distance and climate of the country outweighs the benefits.
Turkey
Turkey meets all the criteria we identified. It is a Muslim majority country with a strong and stable economy. Turkey has a history of multiculturalism and diversity and has a tolerant and liberal society.
There are schools and universities that are comparable to their UK counterparts. Despite the negative press in the West, Turkey’s political system is stable and without any civil unrest.
Turkey straddles two continents; Europe and Asia. As a result, much of Turkey’s infrastructure and systems are to EU standards.
Turkey is among the most popular holiday destinations for Muslims in the West. This means that we are already familiar with Turkey and our families are comfortable with Turkey as a destination.
- Job/business opportunities
- Multiculturalism
What we are doing in Turkey
Tameer Istanbul is a Turkish registered company owned and run by UK property developers. Our initial mission was to buy second homes, but then realised we needed to expand our expertise and services in Turkey to assist others who want to follow our journey.
Tameer Istanbul is creating opportunities for the next generation by building affordable, high-spec homes in desirable locations in Turkey.
These properties are designed to be attractive investment opportunities as well as a second home option for individuals and families.
Investors will receive returns on investment through rental income should they wish to rent the property. The properties can also double up as a holiday home for you and your family, which will make you more familiar with Turkey.
Residency and Citizenship
Turkish residency permits are issued for 2 years at a time if you have a business or are planning to start a business.
Citizenship is available to those who meet any one of the following criteria;
Start a business that creates 50 jobs; or
Deposit in the bank, buy governments bonds, or invest in a REIF/PEIF $500,000; or
Buy a property with a minimum value of $250,000
Investment
Istanbul is the best place to invest as it generates around 35-40% of the annual GDP of Turkey.
Rental income is around 2-4% for residential and 3-7% for commercial.
Capital growth is currently low or very minimal due to the economic slowdown in the country. Historically there has been good capital growth in the real estate sector and it is anticipated that capital growth will pick up as the economy recovers.
Risks
Currency Devaluation
Political Climate
- Global
- Regional
- Middle East Conflict
Legal System
Similar to European System
Notary Certified Agreements
Virtual freehold in your own name
Next Steps
Decide whether you want to buy a holiday home or investment asset
