In grace of these developments – the foreign investors’ concerns have been wiped away, and some of the mysterious sides of these rules have been erased. And thus, at the end of 2018- the state of waiting and anticipation that prevailed among foreign investors in the first phase has changed (until December 2019).

Statistics and the need for foreign investment in the real estate sector and other investment instruments all indicate a steady growth in this regard.

The increase of foreign request average on the real estates in Turkey: the above mentioned amendments have been made in the context of increasing needs of Turkey for foreign capital inflows, which resulted in a very positive trend among local authorities and decision makers with regard to investment applications.

Certainly, this approach will not be enough to erase the procedural and bureaucratic obstacles that foreign investors face; rather it will make the process of completing their transactions goes smoothly and quickly.

At the present time, the decision is taken every week about dozens of applications for the Turkish citizenship through investment. The total number of the submitted applications so far has exceeded the one thousand.

According to data reported by the Turkish Statistical Institute, the real estate sales for foreign investors have increased 78.30% in 2018 compared to 2017. There is no doubt that the main factor behind this dramatic increase is the recent turnout to obtain the Turkish citizenship through investment laws.

Foreign investor bought about 15,000 homes only in Istanbul – the preferred destination for foreign investors. Cities such as Antalya, Bursa, Ankara and Yalova, followed Istanbul in the list of top ranked destinations for real estate investment. For example, real estate sales in Yalova exceeded 90%.

and the big section of foreign investors from the Middle East slopes (like Qatar, Iraq, Egypt, Iran, Saudi Arabia, Yemen & Kuwait); and the foreigners are also interested in other big countries too. like Russians who bought more than three thousand houses in 2018

Why invest in Turkey? There are several reasons for the increasing demand for Turkish citizenship through investment opportunities. We will try to summarize these motives in the following points:

• Due to the current economic situation in Turkey, and the devaluation of the Turkish lira, real estate prices have also witnessed a great fallback. This situation gives foreign investors the reasonable and feasible investment opportunities. At the meantime, one can buy facilities, hotels, petrol stations, hospitals or luxury residences without spending large amounts of money.
• The laws do not require a specific type of investment or property, which means that a foreign investor is free to choose what he prefers from a wide range of options, such as housing units, lands, commercial buildings, etc.
• The investor no longer needs to submit a deed of title as a condition for deciding on the citizenship application through real estate investment, as the contract of sale is sufficient. And thus, the investor can buy the property on the basis of the engineering plan, or from the under construction projects that are trading at very low prices, giving the investor cost-effective options.
• You can buy a real estate without installment despite the existence of few new conditions that impose restrictions on the sale of real estate with installments.
• The first-degree family members of the foreign investor are granted the right to obtain the Turkish citizenship as well. The only exception to this is the investor’s children who are above 18 years of age.
• Considering the rapid growth of economy, youth population, qualified workforce, and geographical and geopolitical location, Turkey is the perfect destination for foreign investors who wish to establish their own businesses.
• Turkey also has well-studied laws of trading and foreign investment , which make it a favorable environment for project establishment at competent cost, and enable the investor to easily meet the demands of business and customers in the global markets.
• FDI projects in Turkey -as with Turkish citizens- can benefit from the incentive packages and subsidy schemes offered by the Turkish government.