In exchange for buying a real estate, number of people who obtain Turkish citizenship increases

Obtaining Turkish citizenship in exchange for buying real estate is the perfect solution for foreign investors, especially after the decisions that reduced the value of the real estate to reach $ 250,000.

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2020-01-14 Last update 2020-11-23

In exchange for buying a real estate, number of people who obtain Turkish citizenship increases

Obtaining the Turkish citizenship in exchange for buying a real estate in Turkey became reality, and it gained great popularity recently after the decisions that reduced the required real estate investment value to $250 thousand, in exchange for applying for Turkish citizenship.

Turkish nationality in exchange for buying a real estate

Seven thousand foreign citizens obtain Turkish citizenship in exchange for buying a real estate

It is known that investor’s interest in the real estate sector in Turkey witnessed a remarkable change; after the approval of granting Turkish citizenship in exchange for buying a real estate with a value of one million US dollars in 2017, and the demand peaked after the required minimum real estate value was reduced to $250 thousand, granting buyers the right to apply for Turkish citizenship under the amendments approved by the Turkish government regarding the implementation of the Turkish Nationality Act in September 2018.

According to the numbers revealed by the General Directorate of Land Registry and Real Estate Survey in Turkey, since 2017 to this day, 6694 foreign citizens have obtained the real estate conformity document by starting the procedures of obtaining Turkish citizenship and Turkish passport.

In the year 2019 alone, the number of foreign citizens who obtained the conformity document reached 6085 foreign citizens out of the mentioned total number.

 obtaining Turkish nationality

 

Obtaining Turkish citizenship in exchange for buying a property: Iranians in the lead

The General Directorate of Land Registry and Real Estate Survey indicated that citizens of 101 countries around the world have purchased real estate in Turkey, and obtained a real estate conformity document since 2017 till today, the Iranian citizens are at the forefront with 1475 Iranian citizens obtained the real estate conformity document while obtaining Turkish citizenship, and in 2019 alone, 1,321 Iranian citizens have obtained the document.

Iraqis came second with 842 citizens obtained the real estate conformity document, and 756 of them had obtained it in 2019.

Also, out of the 812 Afghani citizens who obtained the conformity document, 754 had obtained it in 2019.

Imtilak Real Estate, in turn, provides many offers for real estate guaranteed by the Turkish government and meet the conditions for obtaining Turkish citizenship, you can check it out here:

Apartments for Sale in Turkey.

Apartments for Sales in Istanbul.

buying real estate in Turkey

The top 10 countries that obtained the most real estate conformity document to obtain Turkish nationality, was as follows:

Rank

State

Number of citizens obtained conformity document since 2017

1

Iran

1,475

2

Iraq

842

3

Afghanistan

812

4

Yamane

658

5

Palestine

390

6

Jordan

365

7

Libya

291

8

China

286

9

Egypt

229

10

Pakistan

139

 

Edited by: Imtilak Real Estate ©

Source:   Emlakta Sondakika

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