House sales in February 2022 to foreigners increased 54.9 percent!

According to Turkish Statistical Institute (TurkStat), house sales in February 2022 to foreigners in Turkey became 4 thousand 591 by increasing 54.9 percent.

House sales to foreigners in February increased 54.9 percent

According to Turkish Statistical Institute (TurkStat); house sales in February 2022 to foreigners in Turkey became 4 thousand 591. Thus sold houses percentage increased 54.9 percent compared to the same month of the year 2021. House sales to foreigners had 4.7 percent share of all house sales in February 2022.

House Sales in February;

• İstanbul a thousand 958 house sales,
• Antalya a thousand 99 house sales and
• Ankara 288 house sales.

Most house sales were made to Iran citizens

In February, Iran citizens bought 711 houses from Turkey. Houses sold to foreigners in Turkey by nationalities in country in February 2021 are as below;

• Iran citizens 711 houses,
• Iraq citizens 633 houses,
• Russian citizens 509 houses,
• Kazakhstan citizens 197 houses and
• Germany citizens 169 houses.

Turkish Citizenship by Real Estate Investment

The Republic of Turkey provides exceptional Turkish Citizenship and Residency to foreigners by a certain amount of Real Estate Investment according to the Turkish Citizenship Law No. 5901. Please find below the guidance for your information;

• You need to buy a real estate in Turkey which is worth a minimum of 250,000 US dollars.
• Time condition for all investments is 3 years.
• You can be a Turkish citizen with the condition that you can take back all investments along with legal revenues 3 years later.
• You can sell your real estate once the required time expires and you are granted Turkish citizenship.
• The applicant’s spouse and children who are younger than 18 years old will also be granted Turkish citizenship.
• You do not have to live in Turkey to participate in the Turkish Citizenship application.
• Your Turkish Citizenship will remain for a lifetime and your children will be born as Turkish citizens.
• You can keep multiple citizenships along with your Turkish Citizenship.

Civil Engineer Mithat GÜNEY, PMP YouTube Channel

I am sharing videos and information about Professional Project Management, Construction Projects and Site Images from all around the world on my Civil Engineer Mithat GÜNEY, PMP YouTube channel.

Source; TURKSTAT Corporate (tuik.gov.tr)

Rewriter; Civil Eng. Mithat GUNEY, PMP