My New Istanbul Apartment
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If you are looking for ways to obtain a second citizenship by investment, Turkey has an excellent offer for you. In this video, Andrew takes you on a tour of his new apartment in Turkey, chats with one of the best real estate agents in Istanbul, and explains the benefits of living in Istanbul.
00:00 Start
0:23 Turkey citizenship By investment
3:05 Turkey and the European Union
4:13 Real Estate in Istanbul
5:58 Renovation architecture and design
7:18 Kitchen renovation project plan
9:23 Bathroom renovation project plan
10:03 Hall renovation ideas
11:03 Bedroom renovation ideas
13:54 Istanbul Real Estate Prices to Buy
15:02 Winter garden plan
18:05 Costs of renovating a house
19:08 Caribbean citizenship by investment
Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best".
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Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.
Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. In addition, we've spent years studying the behavior of hundreds of clients in order to help people get the results they want faster and with less effort.
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
Would you like to see more property tours on our channel? Let us know in the comment below!
Looking forward to seeing this one remodeled
What will be the added value of renovation to appartment re- sale / rental if knowing the building age , and facilities elevators , stairs still won’t change .. how much % different will make to the neighbors appartment not renovated in same building … is it worth it or is better to buy in new building projects ? Thanks
Definitely would love that! Please!
I'd love to see the finished property!
YES
$280,000 for 3 bdrm apartment in Nişantaşı, a good deal. You don't even see apartments in that area for sale on websites anymore, not many. Congratulations and good luck.
Oh wow. I would never had expected that much for this. I guess you’re paying for the area
@@muaawiyahtucker exactly. Remember he said TDLV- Total Distance from Louis Vutton.
Apartment not worth the money but may be location is
@@beast5556 yes. It’s all about location.
😂😂😂 yeah good deal for turkey lol
Can you show us before/after of the renovation Andrew, cheers
Thank you for the suggestion. I'll forward it to our creative team.
@@nomadcapitalist Creative team lol.... no
Yes, I’m dying to see the the finished unit. Don’t block up the airwell - they are a feature of Asian properties that I like. Your idea for a conservatory is an excellent one. It will hugely increase your living area and the value of the apartment. Well done, Andrew. 🇮🇪🇪🇺🇮🇪
Yes, he can't just leave us hanging like that.
Agreed.
Removing parts of the walls, increasing height of a door, turning a window to a door? I don't know how people in Turkey follow seismic regulations when they remodel their houses, but it is wise to find out what modifications were done to a property. You know that the strongest part in your apartment is a header for a door? This is where you stand if your building starts shaking. Not a good idea to cut it out. Before cutting and removing parts of your building, consult with a good structural engineering company.
👍
Its turkey bro you can do any shit here. 1 Dollar is not 14 lira by accident
There are literally no restrictions regarding the building permits lmao that's why down skirts of every single city is eye bleeding to see
Good tips
Been there twice, one of the most interesting and beautiful places on earth. People are very kind and friendly.
I watched Andrew’s video yesterday and he was in Bogotá and today he is in Istanbul. He is very energetic after a trans Atlantic flight. This apartment has a lot of beautiful wood doors, cabinets, trim, etc that can be repurposed to making custom made bar, tables, balcony rails, etc. The cost of labor in Istanbul is very economical. Lots of beautiful woodwork.
good point about the wood work! Lovely
I think I have seen this apartment video from Andrew a year back or something... if so, I don't know why he is uploading it as a new one 🤔
I used to be able to travel country to country with a lot of energy. I prefer to take a bit more time now.
I love Istanbul one of my fav holidays ever , people are lovely and you feel like a millionaire even if you are not , avoid Taxis take the Tram cant wait to go back , great property AH cant wait to see the finished product
Yeah, Taksim one love
Never block the natural light from the interior small window, it is also wonderful natural ventilation. Air. Oxygen. Life. Loved the whole look into your Turkish nook. Thank you. The outdoor space is divine.
As a Turkish person who went through the naturalization process to obtain a second passport in an EU country, I can't wait to buy a property in Istanbul and invest in my home country. Especially over the long term, I believe property in Istanbul is underrated. Thanks for all the free knowledge you're sharing over KZhead and I hope to be your client in the future.
For many westerners Turkey is the future, sunshine, beaches and cheap groceries.
I’m afraid to inform you that the best time for it has gone. Real estate property prices have increased from 60% to 180% in Istanbul, depending on the type of property and location. Now it is not the right moment to buy property here in Istanbul.
Can I ask which EU country did you become Naturalized in?
@@AKSmith15 Netherlands
@@kagi95 Turkey HAVE future, because Turkey have children. Europe is DYING. Femminism kill the Western culture. You Turks are very fortunate to not be western culture, because your country is not dying. Greetings from Bulgaria, komsu.
Very beautiful city - super connected to the world with Turkish Airlines flying practically everywhere. 10 out of 10
good city but in don't like the weather.. it rains a lot
I’ll be tuning in to see the renovations, good show
@@itriade Alanyia is better weather
Id love to see a second video once the renovations are done
So would I. The area looks great.
Be sure to double check and triple check the weight you can place outdoors in that winter garden. Trees are hugely heavy, the soil that houses them is heavy, and the last I saw heavy palm trees that did structural damage and were later removed may have contributed to that recent catastrophic condo collapse in Florida. If you want privacy, my recommendation is to find a different lightweight way to achieve it while still adhering to your sophisticated tastes.
Istanbul gets colder than you think during winter. Don't get rid of all the radiators!
That's true, it's not Antalya or Alanya
That's why they make "Splits" or Heat Pump Air Conditioners that provide both warm and cool air. Dump the antiquated radiators. They take up valuable space...which is at a premium.
@@GoodLifeInSpain why spend another 20k and get bogged down by permits.
Andrew, my wife and I were just discussing this exact topic today! Thanks for making the video, very timely and helpful!
Congratulations on a great apartment Andrew! Can't wait to see the result of the renovation. A few quick questions: 1. How much has/would that renovation cost you? 2. What's the property tax for this apartment? 3. How much could it fetch if you were to rent it out? Thanks.
Congratulations Andrew and Mrs. H !That looks like a great new home project ! I wouldn't close up that window by the front door. I would ask a structural engineer to work up a larger window frame and open it up to let more natural light into the entry way to give the visual effect of a larger space. Install a nice, tall mirror in the center, framed on both sides with natural light. If you're that close to Prada and Hermes and going out to be seen, it's always advantageous to have that last mirror check in natural light before you walk out the door. The outdoor space is quite a find as well. Will be watching to see how you green it and create a great outdoor living space. Happy renovating and decorating !!
Really amazing stuff you're doing here, Andrew. Please show us how this apartment turns out after your refurbishment.
I love this presentation as it makes the goal of living elsewhere with great options real. Also, please update us regarding your renovation process to when it’s completed. Thank you for sharing your unique lifestyle!
I’m definitely looking forward to seeing the transformation! Please do shared the entire renovation process and any challenges, the lessons learned & things that turned out easier than you thought versus what may have been the hardest to overcome. ☺️
It's a very nice place, for the low ceilings it has a fairly bright and spacious feel to it. I'm sure when it's finished it will be quite the showstopper. What fun! Best of luck and happy reno to you! 😁 I love the way the kitties appear to be relaxed and well taken care of out on the sidewalks there. ❤🐈
Very interesting video. I like how you show what the possibility are if one wants to emigrate. You even show a trustworthy real estate agent. This is a very informative video that can help new people.
Glad you enjoyed it!
I ate at the rooftop restaurant at the top of the St. Regis hotel at sunset. Absolutely beautiful.
"Gas pipes hanging from the top" - as long as you have gas, that may well be a legal one so pipes are easy to inspect and leaks easy to find (and not that dangerous as a small leak allows the gas to easily distribute in the air). Seen that also in new buildings in Poland for legal reasons.
These videos are great. Really cool change of pace when it comes to content variation.
Istanbul/Turkey would be part of my trifecta for sure.
As an ex Vancouver couple, now living in Turkey, we can confirm much of what you said in your video, however we much prefer Turkeys Mugla region, better weather, prices and scenery. We were just in Istanbul, would have loved to have bought you a Turkish coffee or a Bira :)
1st congrats to you n your new chillout pad, would love to see the place while being renovated n the finished product also more of these type of vids.
A. I enjoyed the video and would be happy to see more along this theme. B. I like the brown wood window/trim and doorjambs, I'd keep them. They lend some warmth to the place. I admire your guts for investing such a sum of money into a part of the world that is often troubled, including by earthquake.
Interesting video. Make more of these please. Turkey is definitely an undervalued place. It has one of the most important/strategic positions in the world. Currency manipulation or not, their economy will flourish again one day. It's inevitable.
Can’t wait to see the renovated and furnished department. Sounds like it will be beautiful!
Thanks for sharing Andrew. I loved hearing your vision for the apartment sounds wonderful. Wishing you and Mrs H much happiness your Istanbul home.
I love the window that’s in the hallway, when you walk in. It has character and adds some much needed light. In the master bedroom bath, you might want to reconsider adding a tub. If you’re looking at resell at some point in the future, children don’t take showers until they’re around 5 give, or take a year, or so. I do understand wanting just a shower, because it’s more sleek looking. I wonder if there’s room for a corner shower in the small bathroom you’re putting in. I’d love to see this, when you’re done renovating! It already has so much charm, but I can’t wait to see what it looks like afterwards.
I agree. My nephew has just put in a new bathroom with bath because they have a new baby. Only had a shower until now!
I love Turkey. Spent 5 months in 2015. Still my favorite people and country to experience
Congratulations and good luck in renovation process! You made a very good deal, thanks for sharing it with us
Thank you, Alex!
I loved this video, yes, I definitely want to see this project as it goes. Well done, this is the practical reality that we need to know when moving to a new place.
Congratulations Andrew! Commenting from my home here in Mexico City, ex-pat from Arizona. What an amazing and affordable opportunity to get citizenship and a solid investment property. The birth rate you mentioned is an important metric that I will be considering among others when I am ready to invest in the next 3 years! Been following you for a decade but Forest time commenting. Will make sure to engage more in the future. Keep up the great work.
Thank you for the show! How exciting! I know you will enjoy your new living space and I wish you well! As a Master Gardener, I see the potential of your outdoor space. I like your creative vision for your new home. May all of your dreams be realized!
Congrats for your new apartment!
Thank you!!
A capitalist man with pocket can enjoy any kind of lifestyle he wants
Hello neighbors ~ Andrew and Mila😊Glad you found Istanbul worth it, and bought a property! 👏This is a wonderful addition for you and your family to add to your *homes portfolio and it’s my favorite city in the whole world. 😌I see why you picked Nişantaşı ~ for status, high end brand name stores, entertaining clients and lovely upscale restaurants not to mention Maçka park. Its a lot like Central Park in NYC. Nişantaşı has the upper East or west side of Manhattan vibes. 🍁🍂I enjoy visiting Nişantaşı but I don’t like it to live day-to-day and I’ll share why. There is a feeling of a “giant shopping mall” with less friendly people and cultural vibes than say, Cihangir. I found living in Cihangir a much more friendly (meet a stranger at a coffee shop) type vibe with so many artsy and creative people. I met friends very easily (like a lower east side vibe of Manhattan). I personally prefer to live in Cihangir and occasionally visit Nişantaşı for a lovely meal or hang out at the park. That’s my personal preference in our different and varied lifestyles. 😊Happy days to you and Mila and I can’t wait to see the renovations because the space is wonderful and will make an extraordinary home in Istanbul 🇹🇷👏☺️Congratulations🥳
Totally agree with you
Can’t wait to see the finish apartment! I love Turkey. 💖
@10:25 - If the other [connecting] walls with / without windows are also yours, maybe have floor-to-ceiling glass walls? Nice pick-up for a project, Mr. H! Can't wait to see how it all turns out. And, yes, the property tours are a nice addition(s) to the channel.
Moda is the best area to live and socialize with real locals
I like your project for this apartment, really inspirational!
I definitely see the potential! Look forward to seeing what you do with it.
Great video Andrew and at one point I thought you were walking down fifth avenue! I had not idea how cosmopolitan Istanbul is. Congratulations on your new purchase as well, I suspect you’ll do quite well on that too.
Yes love your property tours and renovations! Look forward to more content on this.
Great property find. I see the vision you were outlining during the walk through. Looking forward to seeing the results and finished product in a few months. The nomad capitalist interior designer should be your next channel. Lol Great location
I like Turket. I only stayed in the Old City in Istanbul when I was visiting it is very beautiful and clean. Turks are very nice people, they go out of their way to help you, when you need directions or have questions.
Just got back from my first visit to Turkey and so happy to see this video, Andrew. I am seriously thinking of buying there.
Turkey is a hidden gem. I plan on retiring near Antalya.
Looks great! What a great project it will be. Would love to watch the progress of the remodel.
Firstly, congrats on your new property. Secondly, great location! Investing in Turkish real estate was a bit of a challenge for me, but I learned a great deal. Üsküdar is an area I'm looking at next. I look forward the seeing your renovations. Be well.
Dear Andrew, I thoroughly enjoyed learning about your new apartment in Istanbul and plans for the renovation thereof. Keep the program theme going with other countries worldwide (possible with your 6 figure account!). All the best, B
Your new neighbors will be thrilled with the construction noise.
LOL, very true.
Well done! Can’t wait to see the finished renovation, Andrew!! ~Pamela
Thank you, Pamela!
Istanbul is amazing
Great video Andrew - really love the tour of properties and feel this is such a value to your subscribers- thanks again!! Oh - keep the small ones indie - Believe it or not they live in more light than you think
Yep really like this video, hoping we can follow this apartment through its renovation.
That hallway window should be a floor to ceiling frosted window for some natural light
Memories of my favourite city that I visited in 2003. Remember the area well, so beautiful 😍
Thanks for sharing @Andrew ! Istanbul is on my watchlist since some time for buying home office Property 👌🙏🏼
Super inspiring, cant wait to start doing what you do.
Love these kinds of videos. Great content!
Nice tour. Great to see a former Ohio resident expanding his outlook and making some cool investments. I hope to do the same some day.
I love the property tours Andrew you have a good vision for remodeling work.
Wow! Beautiful part of Istanbul. You’re right at the center of town.
Another absolutely brilliant and informative video. Can't wait for the continued updates and progress on this apartment. It's a lovely area, show us more of your lifestyle next time.
Hey there what a bargain and in Turkey never would of thought it as a place that’s got future potential Congratulations on your apartment and I’m in love with your winter garden and the fixtures / renovations is going to look very stylish 👌 goodluck
Great Video!! Yes know I want to see how it will look with the renovations
Well congrats Andy 👏 Would really like to see some property tours in trendy Etiler, Maslak and Nisantasi anytime soon. Cheers from Bodrum 🥂🥂
I enjoyed seeing this new Istanbul Apt of yours, Andrew! You probably already know this but you have to be very aware of load-bearing walls before you start tearing down walls to open a living space. Be careful my friend!
Hello Andrew... Am very inspired by your 'why' and the 'what'. I will be looking into the property market in Turkey as well as the citizenship program. Would appreciate more such property related videos.
Wow, I have put Istanbul on my must-visit list now! Thank you Andrew.
Been there twice, I love food and shops!
Istanbul has a storied architectural heritage. I hope your home will incorporate Turkish touches, adapted, naturally, to your own tastes. p.s. I love the quirky hallway window. It would be interesting to see it utilized in some fashion, perhaps with a modified frame.
Fascinating! Thank you for the tour
I love these walk throughs
Hall renovation idea on the 10 minute mark. To address the idea for the window - natural light: How about some Turkish Stain Glass in the area to give you both natural light and a great piece / unique. Now, that wouldn't work with the mirrors that you spoke about, but it appears as if you could enlarge the window. Kick out the mirrors and put in stain glass for a hallway feature. Nice!! Hey, keep up the work Andrew, I enjoy the videos
Congratulations, Andrew
Thank you ! I’m going there next months to do viewings 🥰
The crown molding is choice...Keep it simple...Neutral and calming colors...I like mixing antiques with some modern touches...Beautiful area rugs over hardwoods...My place in the Northern Portugal is historic...The craftsmanship of the built-ins is extremely hard to find in new cookie cutter construction...For what you paid in the area you are in...pretty darn good...👏😉
Love this very authentic Istanbul property and in Nışantası that’s a good price and you have great ideas for renovation. Hope to see this at a later date. Yes, Nışantaşı is amazing, I always stay in Şişli. Love Cihangir too!
Beautiful neighborhood ❤️ Nice place with lots of Windows 🪟
Nisantassi is the most lux area of istanbul!Planning to buy an apartment there!! its so nice and international!!! Yenikoy is also also so luxurious ans especially Eski adet restaurant. A hidden gem in yenikoy!
Keep the hallway window for light. You can create storage around it ☀️
It seems like the interior is very quiet. That will be nice as a respite from the urban life. I agree to add a wardrobe or coat closet where the window us is a good resale feature. More storage is always good
I will see you there Andrew! I've got a spot in Kaghitane not too far from there. I love Turkey.
Love the place. Keep the natural light in the hall and do a cut glass window or something with color would be beautiful. Would also love to see the process and the finished product.
Please do share your progress. This is inspiring and interesting.
Thanks! I had no idea!!!
Literally my office building at 4:57! Crazy opportunities in Turkish real estate right now, and that's from someone who used to be bearish on Turkey until a few months ago. Prices per square meter in USD terms are barely up from all-time lows in most districts. If you can get TL financing (note that this is a big if and carries quite a bit of speculative exchange rate risk), you're looking at a negative 5-10% real interest rate where inflation will reduce your mortgage to basically nothing.
I went to Turkey twice on family vacation early 90’d and mid 90’s my family some of our most fond memories are from those trips. Istanbul is a gorgeous city. I imagine it’s changed a lot now but I hope It’s still retained its magic and isn’t completely westernized.
Turkey is nice, not sure about this specific property (low ceiling heights seem like the biggest problem; everything else can be fixed when gutting it.
yeah and prior water damage? so is that problem fixed now?
@@blockaderunner they’ll find out when they’re gutting it! It appears to have been next to the heating unit which was most likely a leak from it. Easy fix!
Hope we get another tour after all done to see the before and after .
Yes more property tours.
I especially enjoy the property tours and interior design tips, they really educate on things to look for when buying foreign properties. But I heard that there are many properties in Istanbul that are not earthquake compliant and eventually must be demolished. How do you find out if a Turkish property is earthquake compliant before you buy? Perhaps just getting earthquake insurance is not enough?
Can't wait for the final product!
Hi, Mitchell thank you for your comment. We will be happy to share it with you.
Hi Andrew have you done a new video with the completed renovations? Thank you. Great stuff!
Enjoy Andrew 😀
Really enjoyed this episode Andrew. It's interesting to see & hear your thought process on Turkey & on your property.