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Old 9th November 2015, 18:39   #1 (permalink)
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Citizenship For Property Buyers

Sorry, I know this was discussed earlier but can't find the thread now.


Turkish Economy Minister Nihat Zeybekci has revived an idea to grant citizenship to foreigners who buy a certain amount of property in the country.

“The amount of property bought [by foreigners] in Turkey adds up to from $4 billion to $5 billion. Let’s increase this figure to $10 billion,” daily Haberturk quoted him as saying during a meeting with journalists in the southern province of Adana.

“Those with a dream to live in Turkey, they should come here and we will grant them citizenship,” Zeybekci said.

The minister recalled that many countries offer a similar implementation, also saying the base limit could stand somewhere between $500,000 and $1 million.

A country that should grow at least 5 percent each year in the economy cannot fulfill this by depending only on its domestic savings, he said.

”We should bring other investors than the foreign direct investors in Turkey. We should create new rich Turks,” he was quoted as saying.

Housing sales to foreigners decreased in September, according to recent data from the Turkish Statistics Agency (TÜİK). Sales to foreigners dropped by 4.8 percent to 1,768 units in September compared to the same month of 2014.

However, in May, property sales to foreigners hit record high levels with the sale of 1,982 units, marking a 21.3 percent increase from the same month in 2014, despite a general slowing-down in the sector across Turkey.

A total of 2,027 properties in Turkey were sold to foreigners in July, marking a 37.6 percent increase from the same month last year. Iraqis topped the list, buying a total of 362 properties, followed by Saudi Arabian citizens who bought 233, Russians who bought 195, Kuwaitis who bought 147 and Brits, who bought 101 properties, according to TÜİK data revealed in August.

Throughout 2014, the number of properties sold to foreigners reached 18,959. The resort province of Antalya was the top favorite with 6,542, followed by Istanbul with 5,580 and Aydın with 1,191 properties.

Last year, foreigners bought properties worth $4.32 billion in Turkey, marking an all-time annual high, according to sector representatives.

November/09/2015

Minister suggests offering Turkish citizenship to property buyers - ECONOMICS
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Old 9th November 2015, 18:57   #2 (permalink)
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Re: Citizenship For Property Buyers

he should stop the thıevıng emlaks fırst and make property buyıng failsafe---then he,d be doıng somethıng!
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Old 9th November 2015, 19:05   #3 (permalink)
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Re: Citizenship For Property Buyers

ISIL defectors could pick up a bargain or two.
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Old 10th November 2015, 17:50   #4 (permalink)
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Turkish citizenship

good news for all expats. l am just right now watching news and it say mp`s talking about foreners who has own a house in turkey, they can become a Turkish citizen, it is just the motion in Turkish parlament. hope its gone through, then nobody has to aply for rezidance perment anymore.
Ben the builder.
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Old 10th November 2015, 17:55   #5 (permalink)
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Re: citizenship

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Originally Posted by benthebuilder View Post
good news for all expats. l am just right now watching news and it say mp`s talking about foreners who has own a house in turkey, they can become a Turkish citizen, it is just the motion in Turkish parlament. hope its gone through, then nobody has to aply for rezidance perment anymore.
Ben the builder.
But the house has to be valued at $500,000 I think.

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Old 10th November 2015, 17:56   #6 (permalink)
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Re: citizenship

I don't want to become a Turkish citizen, I just want to be able to use my Turkish home freely, like a Turk can use their home. I don't want to vote in Turkish elections or join their state insurance/health scheme. The UK doesn't give citizenship to everyone who buys a house.
Some countries wont allow dual citizenship so what happens to them if they have a house in Turkey?

This has just been posted on Hurriyet

http://www.hurriyetdailynews.com/lat...&NewsCatID=345
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Old 10th November 2015, 18:05   #7 (permalink)
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Re: Turkish citizenship

I posted a similar article yesterday

Citizenship For Property Buyers
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Old 10th November 2015, 18:13   #8 (permalink)
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Re: Turkish citizenship

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Originally Posted by suzyq View Post
I posted a similar article yesterday

Citizenship For Property Buyers
And I for one read it :-)
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Old 10th November 2015, 18:35   #9 (permalink)
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Re: Turkish citizenship

Thanks for merging the threads mods
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Old 10th November 2015, 19:36   #10 (permalink)
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Re: Turkish citizenship

There are no gimmies in this life so be careful what you sign up for. I remember the price dropping of the residencies, it was great. Then came the health care prices.
When governments "offer" something that looks good then look for what could follow...............call up papers for your kids :-)
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