Turkey is clearly committed to growing its CBI product, which has outperformed the competition globally since the dramatic reduction of the minimum real estate investment amount from US $1m to $250,000 in September 2018, making its already relaxed CBI Program one of the most attractive in the world. Within just one year to September 2019, 2,611 CBI investors successfully acquired Turkish Citizenship under the real estate investment option.
In 2020, there were 5,553 successful applications up more than 200% from 2019, and well ahead of Dominica in second place with 1,896 applications.
In 2019, Turkey’s CBI program was particularly strong in the Middle East and is said to be gaining in other key markets. It has been suggested that in 2020 there were 13,000+ applications with Q2 seeing approx. 3,900. It is expected that it will continue to dominate the market in the coming years.
Data for the number of CBI applications under the real estate option has not been made available.
Buyers investing for CBI purposes will want to exercise caution when buying a property in a new development, whether off-plan or built. The minimum investment requirement is fixed at $250,000 USD; with the Lira’s decline and the dramatic rise in prices in nominal terms, there is the risk that the prices of some properties may not reflect realistic market value.
It is crucial that you select the right project for your CBI real estate investment. The Overseas conducts due diligence on every project that we represent.
Apply for Citizenship by Investment in Turkey
Please contact us if you have any questions or require further information relating to; the different CBI program options available, USA E-2 investor visa, personal quotation sheet for individual or family CBI applications.
The Overseas Investor can introduce you to our recommended Turkish Lawyer who is a Licenced Local Agent for the Citizenship by Investment program for Turkey. We are also here to assist each client throughout the whole legal process.