Unlike many Asian countries, Turkey allows foreigners to acquire land, apartments, and other types of real estate on a freehold basis. The government is actively encouraging foreigners to invest in Turkey through their citizenship by investment program.
Statistics show that between 2015 and 2020, the total number of home sales in Turkey was 7.3 million, which is increasing day by day. At the same time, between 2015 and 2020, the total number of home sales to foreigners in Turkey was 189,000. According to the report, the Turkish housing sector has proven to be much more profitable than other European and Asian countries.
Turkey’s citizenship by investment program is one of the biggest draws to buying real estate here. Purchasing an apartment, house, or any other type of property in the country that’s worth at least US$250,000 can lead to Turkish citizenship almost immediately.
Turkey’s citizenship program has grown in popularity after the minimum investment requirement was dropped. It is currently competing with other regional citizenship and Golden Visa programs, such as those offered by Portugal and Malta.