Behind Turkish investors' interest in overseas real estate and residence programs, there is now more than just investment returns. The wish for children to study in Europe, access to international business opportunities, and building an alternative future for the family are coming to the fore. Vesta Global Founding Partners Teuta Narazan and Armağan Akyüz say that residence-by-investment programs have become one of the new instruments of modern wealth management.
There was a time when buying a home abroad was seen mainly as an investment that would generate rental income in foreign currency. Today, a far broader plan for the future lies behind the same decision. Children being able to study in Europe, access to opportunities to work and set up companies internationally, access to healthcare, building assets in different countries, and a safe alternative that can be used if needed… As the way Turkish investors look abroad changes, residence-by-investment programs known as “Golden Visas” are taking on a meaning beyond migration. Most investors aim not to leave Turkey, but to build a future for themselves and their children in which borders matter less.
Vesta Global Founding Partners Teuta Narazan and Armağan Akyüz say they have been advising hundreds of investors for about nine years, yet almost all of these people continue to live their lives in Turkey. Narazan sums up investors' core motivation in two words:
“Having options.”
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