Citizenship Through Property Investment

According to reports, you can now become a Turkish citizen by investing in property in the beautiful coastal country, and it is now more affordable than ever before.

Previously, the requirement was acquiring a property worth 1 million USD, but with the desire to attract more foreign investors, the price has been reduced to $250,000 USD, and even that amount of money will get you a luxury home.

The required amount for capital investment has also been drastically reduced, coming down from 2 million USD to a mere $500,000. Bank deposits have dropped to the same amount, previously being 3 million USD.

Foreigners who wish to start a business in Turkey and gain citizenship through job creation also have it easier. Previously, to gain citizenship this way, business owners needed to provide at least 100 people with jobs before being considered for citizenship, but that amount has now been halved to 50.

Industry experts in the real estate sector are thrilled by the news as they have been urging for the investment amount to be lowered, especially with how inexpensive Turkish homes can be. As previously stated, $250,000 USD and below can give someone a luxury apartment, complete with seaside views and rooftop amenities. If Turkey wasn’t already a hot spot for foreign investors, it most certainly is now.

Turkey is not the only one to appeal to foreigners by granting them citizenship through property investment, though it will certainly get you the most bang for your buck. Greece costs $50,000 more at $300,000, the USA charges $500,000, and for the extremely wealthy, Cyprus offers citizenship by purchasing property valued at 2.4 million dollars.