Great demand for real estate investment for Turkish citizenship

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Great demand for real estate investment for Turkish citizenship

Great demand for real estate investment for Turkish citizenship
It is worth noting that granting Turkish citizenship in return for buying a property or making a real estate investment is the easiest, easiest and fastest way to obtain Turkish citizenship, which gives its owner many advantages.

Over the past years, granting Turkish citizenship through real estate investment has been a great incentive to attract investors to invest in real estate in Turkey. Especially after the issuance of the amendments to the legal regulations related to the implementation of the Turkish Nationality Law, which decided to grant the eligibility to obtain Turkish citizenship to a foreign investor through a real estate investment of 250 thousand dollars.

Statistical figures from public and private institutions have witnessed a great demand for investors in real estate in Turkey, especially in order to obtain Turkish citizenship. The latest of these statistics was the report published by the IFA real estate appraisal company, which counts investments in the third quarter of the current year 2020.

It was stated in the details of the report that 36% of the real estate investments made by foreigners in Turkey, during the third quarter of this year 2020, were aimed at obtaining Turkish citizenship, and the areas of real estate invested during the mentioned period amounted to 2,252,840 square meters.

The Palestinians are at the forefront of investors for Turkish citizenship
The IFA company report stated that Palestinian citizens ranked first among the citizens of foreign countries that invested the most in Turkish real estate, with the aim of obtaining Turkish citizenship, in the third quarter of the current year 2020, and they were followed in order by the citizens of each of the following countries:

Afghanistan, Egypt, Dominican Republic, Iraq, Jordan, Yemen, Iran, Algeria, Saudi Arabia.

Half of real estate investments in Istanbul are aimed at Turkish citizenship
According to the information provided by the report, the percentage of real estate investment for Turkish citizenship in Istanbul amounted to 17% of real estate investments throughout Turkey, in the third quarter of this year 2020.

The volume of investments that were invested by foreigners, in order to obtain Turkish citizenship, amounted to 881 thousand and 992 square meters of real estate, and the proportion of these investments reached 48% of the real estate investments of foreigners in Istanbul.

The citizens of Afghanistan achieved first place among the most foreign nationalities, who made a real estate investment in Istanbul, in order to obtain Turkish citizenship, and the citizens of the following countries came after them, in succession:

Iran, Yemen, Iraq, China, Palestine, Jordan, Libya, Germany.

As for the areas of Istanbul that foreigners preferred to make real estate investment in, with the aim of obtaining Turkish citizenship, the Buyukcekmece region ranked first, and the other areas that were preferred for foreign investments are ranked as follows:

Beylikduzu.
Slivery.
scarf.
Esenyurt
Chatalga.
Borno olives.
becuase.
Avcilar.
Basak famous.


Editing: Ruaya Real Estate©

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