19 Thousand People Become Turkish Citizen by Purchasing Real Estate
Learn how over 19,000 foreign investors successfully obtained Turkish citizenship by purchasing real estate. Contact SimplyTR for professional legal assistance.
Record Growth in Turkish Citizenship Through Real Estate Investment
New data from the Ministry of Environment and Urbanization shows a big jump in foreign interest. Between 2018 and 2021, 19,630 people got Turkish citizenship by buying property. This period was a peak for the country's investment program. You can see how popular the citizenship by real estate route has become.
These numbers came out after a question from CHP Deputy Erkan Aydın. The Ministry says these investors bought 30,358 properties in total. This means many people bought more than one home to meet the price goal.
Property Types Used for Turkish Citizenship
Investors clearly prefer homes and offices over empty land. Most people chose to mix their assets to hit the target.
Homes and Office Spaces
Out of all sales, 29,140 were for residences or workplaces. These are great because they give you rent money right away. Most buyers looked at Istanbul, Antalya, and Ankara to get the best value.
Land and Farm Plots
A smaller group of buyers chose to buy land. The Ministry says 1,218 plots were sold under the program. These are usually for long-term building projects or farming.
How Investment Rules Changed Over Time
From 2018 to 2021, you only needed to spend $250,000. This low price brought in people from all over the world. But the rules changed in mid-2022. Now, the government requires a $400,000 property investment because prices are rising.
If you need a closer look here, see Turkey to Remain the Only Country Granting Citizenship to Russian Real Estate Investors.
Even with the higher price, people still want in. They like the Turkish passport for its easy travel and the country's great location. It's still one of the fastest ways to get a second nationality.
Main Rules for the Program
You must follow specific legal steps to qualify. The process is fast, but you have to get the paperwork right.
If you need a closer look here, see Steps to Secure Your Investment in 2024.
- Minimum Investment: The property must be worth at least $400,000 (it was $250,000 before).
- Holding Period: Owners must commit to not selling the property for at least three years.
- Certificate of Conformity: The Ministry must check the investment and issue a certificate.
- Clean Criminal Record: All applicants must pass a background check for security.
Why You Should Consider Turkish Citizenship
Getting a Turkish passport gives you more than just a place to live. Turkey lets you keep your original nationality too. The program also covers your spouse and kids under 18. And you can apply for a U.S. E-2 visa later.
If you need help with your Turkish citizenship application, call our team at 0850 888 0 157 or 0533 147 39 11.
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About Hamit Ekşi
Expert real estate consultant specializing in Turkish Citizenship by Investment programs. Helping international investors find their dream properties in Turkey.
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