I’m Selling My Home in Istanbul

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I bought a place in Istanbul in January 2021 partly as R&D on Turkey's citizenship programme. Five years later it's worth somewhere in the 500s, I've passed the capital gains exemption mark, and I'm selling. Not because I've turned against Turkey. I still think the programme is worth adding to a stack at $400,000, and the 20-year tax incentive makes it more interesting than it was..

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Timestamps

00:00 Why I bought in Istanbul in 2021
01:29 What I paid, and why not exactly $250,000
02:26 Nişantaşı, the lira, and dollar-priced property
04:20 The property doubled. Here's the maths on selling
05:37 The real reason: renovation management
06:47 What the cash does instead
07:33 Why you might still want to buy at $400,000
08:23 The accumulation phase
10:15 Montenegro, the West, and now Istanbul
11:58 Over-correcting, then observing your own behaviour
13:27 A chapter, not a mistake

Nomad Capitalist helps clients "go where you're treated best". We are the world's most sought-after firm for offshore tax planning, dual citizenship, and international diversification and asset protection. We use legal and ethical strategies and work exclusively with seven- and eight-figure entrepreneurs and investors.

We create and execute holistic, multi-jurisdictional Plans that help clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against threats in their home country.

No other firm offers clients access to more potential options to relocate to, bank in, or become a citizen of. Because we do not focus only on one or a handful of countries, we can offer unbiased advice where others can't.

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