Foreign investment in Turkey to obtain citizenship
The government promised citizenship to 36% of foreign investment in Turkey.
When the decision to obtain Turkish citizenship through real estate investment of $250,000 for two years was completed, some real estate appraisal companies revealed that 36% of foreign investment in Turkey obtained citizenship during the last quarter of 2020 compared to last year. After it was 40%, it was suggested by EVA for evaluation. This is a good drug. Although it decreased by 5 percentage points, it is still within the acceptable range.
In this regard, Ayaturk Real Estate Investment and Legal Consultation will provide you with information related to the report, 36% of foreign investment in Turkey is to obtain citizenship through the following article.
36% of foreign investment in Turkey to obtain citizenship
On October 23, 2020, the real estate appraisal report was announced. Through the statistics carried out by EVA Real Estate Appraisal Company, the percentage of foreign real estate investment for the purpose of obtaining Turkish citizenship in the third quarter of 2020, was 36 percent.
The real estate that foreigners bought in order to obtain Turkish citizenship amounted to more than 2 million square meters. 17% of this area was acquired from Istanbul.
Foreign investment in Turkey for citizenship 1
The statistics also showed that Palestine was ranked first on the basis of all types of real estate as of the last quarter of 2020 in investments to obtain Turkish citizenship according to the size of their investments in Turkey.
The order was as follows: Palestine, followed by Afghanistan, Egypt, Iraq, Jordan, Yemen, Iran and Algeria.
Foreign Investment in Turkey for Citizenship 2
Konya is a desirable city to invest in.
Yes, the statistics also indicate that by the end of the third quarter of 2020, Konya will be the most preferred city for foreigners to buy real estate for Turkish citizenship, then Istanbul, Manisa, Tekirdag, Antalya, Şanlıurfa, Ankara and Sakarya.
Foreign investment in Turkey for citizenship 3
The majority of investments are made in Istanbul so that citizens can obtain citizenship.
The number of foreign real estate investments reached 881,922 square meters in Istanbul alone. It was also found that 48 percent of this investment consisted of real estate obtained in order to apply for Turkish citizenship at the end of the third quarter of 2020. Afghanistan ranked first in foreign real estate investments in the city. Istanbul was followed by Iran, Yemen, Iraq, China, Palestine, Jordan, Libya, Germany and Egypt during the same period.
Beylikduzu, Buyukcekmece and Silivri ranked first in the top three regions in Istanbul’s real estate investment preferences for obtaining Turkish citizenship, followed by Şile, Esenyurt, Çatalca, Zeytinburnu, Beykoz and Avcilar.