36% of Foreign Investments in Turkey are Done so in Order to Obtain Turkish Citizenship

36% of Foreign Investments in Turkey are Done so in Order to Obtain Turkish Citizenship

36% of Foreign Investments in Turkey are Done so in Order to Obtain Turkish Citizenship

An rising number of foreigners are investing in Turkish real estate to obtain Turkish citizenship. About 36% of foreign investments in the last quarter of 2020 were made in order to obtain “golden passports.” This was stated about the real estate appraisal and investment firm EVA by the Turkish construction and real estate publication Emlak Kulisi. In all, foreigners purchased 2,252,840 square meters of property in Turkey in the third quarter of 2020 in order to get citizenship; Istanbul-area homes made up 17% of this total number.

Turkish citizenship

Which nations have the most active investment markets? The list’s top investors are from Palestine. Egyptian and Afghan nationals have come after them. Along with the Dominican Republic, Iraq, Jordan, Yemen, Iran, Algeria, and Saudi Arabia are among the biggest buyers.

By the conclusion of the third quarter of 2020, Konya had emerged as the city where people most frequently sought Turkish citizenship through real estate investment.