Starting from January Up to September 2019: Over 2600 Foreigner Obtained Turkish Citizenship
Seen the latest updates concerning the acquisition of Turkish property during the first eight months of 2019, we get to notes the emergence of the phenomenon of settling in Turkey among foreigners. Different nationalities now are putting hopes in life within Turkey. They are seeking to change their lives and even to obtain Turkish Nationality.
This new phenomenon is in “no going back“.
Sales of Properties in 2019 V.S 2018
After the adjustments in the law of property acquisitions related to the obtainment of Turkish Nationality, the sales of Real Estate in Turkey has been increasing. Based on the publications of the Directorate of the Civil Status, there is a 50% increase in the sales of properties to foreigners in Turkey in 2019 compared with the same period of 2018. The sales in 2019 reached up to 27,748 property that sold to foreigners.
Investments with Turkish Citizenship
Directorate of the Civil Status announced that over 2600 foreign investors obtained Citizenship in Turkey during the first eight months of 2019. After decreasing the conditional value of property price that allows the owner to have Turkish citizenship from 500,000$ down to 250,000$, foreign investors took it as a chance to invest and settle in Turkey
Nationalities from all over the world now are applying for Turkish Citizenship From Arabs, Asians, Europeans, and Americans.
- As Always Iraqis are at the top of the list with the obtainment of 320 citizenship
- Second, are the Afghans with 240 citizenship
- Third comes the Palestinians with 210 citizenship
- Fourth Egyptians with over 100 citizenship
- Libyans come the Fifth with 65 citizenship
Within the same law, another amendment proclaims:
”A foreign investor is entitled to acquire Turkish citizenship if he buys it after the date of the announcement amendment. The investor can buy a property owned by a Turkish person or company, even if the former owner is a foreigner”.
Here in Estaport, we provide you with the latest updates concerning real estate in Turkey. We present to you the best offers for investment.
Taken from the Directorate of the Civil Status in Turkey.
Edited by Estaport.
