19 Thousand People Become Turkish Citizen by Purchasing Real Estate

Record Growth in Turkish Citizenship Through Real Estate Investment

Recent data from the Ministry of Environment and Urbanization reveals a significant surge in foreign interest in Turkish citizenship. Between 2018 and 2021, 19,630 foreign nationals successfully obtained Turkish citizenship by purchasing real estate. This period marked a high point for the country's Citizenship by Investment (CBI) program.

The figures emerged following a formal inquiry by CHP Bursa Deputy Erkan Aydın. The Ministry confirmed that these individuals acquired a total of 30,358 properties to meet the legal requirements for naturalization. This indicates that many investors purchased more than one property to reach the necessary financial threshold.

Detailed Breakdown of Property Acquisitions

The data shows a clear preference for residential and commercial units over raw land. Foreign investors diversified their portfolios across various asset types to reach the investment target.

Residential and Commercial Units

Out of the total properties sold, 29,140 were classified as residences or workplaces. These assets are popular because they offer immediate rental income and potential for capital appreciation. Most investors focused on major cities like Istanbul, Antalya, and Ankara to maximize their returns.

Land and Agricultural Plots

A smaller segment of investors chose to purchase land. The Ministry reported that 1,218 plots and fields were sold under the citizenship program. These investments often involve long-term development projects or agricultural use, appealing to a specific niche of international buyers.

The Evolution of Investment Thresholds

During the 2018-2021 period, the minimum investment required for citizenship was $250,000. This lower entry point attracted a global audience. However, regulations changed in mid-2022. The Turkish government increased the minimum real estate investment to $400,000 to reflect the growing value of the Turkish property market.

Despite the price increase, demand remains steady. Investors value the Turkish passport for its visa-free travel benefits and the country's strategic position between Europe and Asia. The program continues to be one of the most efficient routes to a second citizenship globally.

Key Requirements for the Citizenship Program

To qualify for Turkish citizenship through real estate, applicants must follow specific legal steps. The process is streamlined but requires strict adherence to documentation and valuation rules.

• Minimum Investment: The property must be worth at least $400,000 (the threshold was $250,000 during the 2018-2021 period).
• Holding Period: Owners must commit to not selling the property for at least three years.
• Certificate of Conformity: The Ministry of Environment and Urbanization must verify the investment and issue a certificate.
• Clean Criminal Record: All applicants must pass a background check to ensure national security.

Benefits of Turkish Citizenship

Acquiring a Turkish passport offers several advantages beyond residency. Turkey allows dual citizenship, so investors do not have to renounce their original nationality. The program also covers the main applicant's spouse and children under the age of 18. Additionally, Turkish citizens can apply for the E-2 Investor Visa for the United States, providing a unique pathway to live and work in America.

For expert guidance on citizenship transactions, you can contact professional consultants at 0850 888 0 157 or 0533 147 39 11.

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