House sales in May 2022 to foreigners increased 235.7 percent!

According to Turkish Statistical Institute (TurkStat), house sales in May 2022 to foreigners in Turkey became 5 thousand 962 by increasing 235.7 percent.

House sales to foreigners in May increased 235.7 percent

According to Turkish Statistical Institute (TurkStat); house sales in May 2022 to foreigners in Turkey became5 thousand 962. Thus sold houses percentage increased 235.7 percent compared to the same month of the year 2021. House sales to foreigners had 4.9 percent share of all house sales in May 2022.

House Sales in May;

• İstanbul 2 thousand 451 house sales,
• Antalya a thousand 885 house sales and
• Mersin 264 house sales.

Most house sales were made to Russia citizens

In May, Russia citizens bought a thousand 275 houses from Turkey. Houses sold to foreigners in Turkey by nationalities in country in May 2022 are as below;

• Russia citizens a thousand 275 houses,
• Iran citizens 736 houses,
• Iraq citizens 617 houses,
• Germany citizens 247 houses and
• Ukranie citizens 241 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 400,000 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