Real Estate in Turkey How to Obtain a Turkish Citizenship for a Real Est

How to Obtain a Turkish Citizenship for a Real Estate Investment of 300,000
Dollars
Imtilak Properties
From a million to 300 thousand dollars!
At the Uludag Economic Summit, which examined the future of the Turkish real
estate sector, the Turkish government prepared a study on the possibility of
expanding the scope of beneficiaries for citizenship request for investors to
include buying a property worth 300 thousand US dollars instead of one million
dollars, this came In order to attract more foreign investments to the Turkish real
estate sector. Moreover, the participants in the summit indicated that the value
of the foreign-acquired property for 2017 amounted to $ 5 billion and that they
are taking measures to raise this amount to $ 20 billion.
Work is underway to prepare the necessary procedures in order to pass a new law
for reducing the minimum amount of real estate investment from $ 1 million to $
300 thousand and that’s to grant Turkish citizenship to foreign investors, thus, the
real estate sector is expected to witness significant movement due to this new
law.
Economic Growth Expected Under the New Citizenship Law
The law is expected to be issued in May 2018 and is expected to encourage a
wider range of foreign investors to own property in Turkey, also it will enable
them to get the Turkish citizenship more easily. The head of the executive office
of the Real Estate Partnership Association of Turkey, Yetgin: This move will affect
the real estate market very much, as statistics show that the foreign investor
prefer real estate prices ranging between $ 100 to 300 thousand dollars.