Turkish Citizenship by Investment

Created : 28 Feb 2021
Turkish Citizenship by Investment

By. Justin Mays

There has been a lot of buzz around the Turkey Citizenship through property ownership scheme in recent years. Diverse, beautiful and affordable properties in Turkey await their new owners with the added benefit of citizenship by investment Turkey. Buyers who purchase property in Turkey worth at least $250,000 USD can find themselves on the path to Turkish citizenship. Owners are required to hold the property for three years but their spouse and children under the age of 18 will also be granted a Turkish passport. As of January 2021,according to the Henley Passport Index, Turkish citizens had visa-free or visa on arrival access to 110 countries and territories, ranking 53rd worldwide in terms of travel freedom.

Investment Properties in Turkey are steadily appreciating in value. The residential price index increased by 1.7 percent in December 2020 from the previous month, according to data from the Central Bank. Despite these gains, Turkish real estate remains a regional bargain and is expected to continue to appreciate in value. It also used to be a much more complicated, drawn-out process to for a foreigner purchase property in Turkey. Reforms were applied to ease possible entry into the European Union and now your purchase of property can be completed in a much shorter timeframe. Although citizenship does not require that you have to reside in your Turkey Properties, with its hospitable culture and first-rate lifestyle it is easy to enjoy living in Turkey. Prime Property Turkey is also here to provide the assistance you need to make this a straightforward and pleasant process.