Turkey facilitated citizenship

Turkey
facilitated citizenship

The
Turkish government recently released official data showing that in the first
eight months of the year, Iranian citizens bought the most significant number
of homes in Turkey after Iraqi citizens. The statistics show that if the
purchase of a house were motivated by the right to citizenship in Turkey, more
than 1.6 billion dollars of foreign currency was leaked out of Iran and
invested in the Turkish housing market!

Extensive
advertising of home sales in countries such as the United Arab Emirates,
Canada, and Malaysia has prompted Iranians to buy a home in each of these
countries. However, this glamorous advertisement may have influenced the
Iranian citizens’ decision to buy a home. These countries were influential, and
there were other incentives to buy a home in these countries, including the
preservation of property value and citizenship.

In the
last year, news has shown that Iranians have become interested in the Turkish
housing market and are adding month-to-month homes to Iranians in Turkey.

Most
buying house in Turkey

Recently,
official data released by the Turkish government show that Iranians bought most
homes in Turkey after Iraqi citizens in the first eight months of 2018.
According to the same data, Iraqi citizens purchased 3515 homes in Turkey in
the first eight months of 2018, followed by Iranians with 1659 homes in the
second place. Next in the list are Turkish citizens with 1573 homes, Russians
with 1180 homes, Kuwaitis with 1048 homes, and Afghan citizens with 1045 homes,
respectively.

Minimum
cost to buy a home

As
mentioned, one of the incentives for Iranians to buy a home in Turkey has been
to obtain citizenship in the country. One of the laws of Turkey for granting
citizenship to a foreigner is that foreigner buys a home worth at least 1
million dollar in that country; thus, it can be claimed that in the first eight
months of 2018, at least one billion and 659 million dollars has been paid by
Iranian citizens to buy property in Turkey. If the citizens of the other
countries have also purchased a home in order to obtain Turkish citizenship,
the first eight months of 2018 can be said to be at least a total one. 10
billion dollars and 20 million dollars from the six countries that bought the most
significant number of homes in Turkey in that period ten have been invested in
Turkey.

New
Turkish citizenship laws

Recently,
thanks to a new law introduced by Turkish President Recep Tayyip Erdogan at the
end of September this year, it has become easier to obtain Turkish citizenship
than before, according to the Turkish Haryat Daily newspaper. Has published.

According
to the table below, before the new law was adopted, the amount of investment to
obtain Turkish citizenship for foreigners was 2 million dollars, down from 500,000
dollars.

Applicants
also had to buy homes worth at least 1 million dollar before they could obtain
Turkish citizenship, which has now been reduced to a quarter of 250,000 dollars.
Under the new law, deposits from foreign banks have dropped from at least 3
million to 500,000 dollars in Turkish banks. Also, foreigners who create at
least 50 jobs can obtain Turkish passports, whereas, before that, foreigners
must have at least two job opportunities to obtain Turkish citizenship.

Therefore,
given these new Turkish laws on citizenship, more Iranians are expected to buy
houses in the coming months.

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