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Turkish Citizenship - Tanitim4 - 06-07-2022 05:43 AM Turkish Citizenship A foreigner who has not been convicted, has not violated Turkish immigration laws and has fulfilled the conditions of the program can obtain Turkish citizenship. Citizens of Armenia, Cuba, Nigeria, North Korea and Syria cannot participate in the program. Turkish citizenship is granted to the spouse of the investor and children under 18 years of age. Spouses’ parents and adult children can get residence permits in Turkey. The payment for a residence permit is $5,000 per person. If the adult children and parents of the investor have their own sources of income, they cannot be included in the application. To obtain citizenship, they participate in the program as individual main applicants and fulfill the investment conditions. You can obtain Turkish citizenship within three to six months. Among foreigners, Turkish citizenship by investment is in demand. This is how up to half of all applicants receive a Turkish passport. Over the past two years, over 35 thousand people have received Turkish passports in this way. The applicant can choose any of six investment options.
There are many real estate properties in Turkey for every taste: inexpensive apartments, apartments in modern residential complexes with their own infrastructure, penthouses, mansions, villas by the sea, commercial premises. Most often, investors buy housing in Istanbul, Antalya and Ankara. Purchased Turkish real estate can be a profitable investment. Real estate in Istanbul doubles in nominal value within five to ten years. The rise in house prices in the country usually ranges from 5 to 20% per year. The real rise in prices, taking into account high inflation, is more modest – from 2 to 6.5% per annum. From 2015 to 2019, prices even fell slightly. Rent will bring another 5 to 8% per annum. Turkish real estate is one of the cheapest in Asia. A square meter costs an average of $450 to $800. Housing is very liquid – usually properties are sold in a couple of months. The demand for housing amid Turkey’s economic difficulties is largely supported by foreigners. The devaluation of the Turkish Lira plays into their hands – there are many properties on the market at attractive prices.
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