22% of non-residents buy property in Turkey to obtain a "golden passport" of this country

Turkey is becoming an increasingly popular destination for real estate investment among wealthy people. In most cases, the reason for this is new projects offering "a wide range of social community features such as on-site swimming pools, landscaped gardens and a fitness room," said Julian Walker, managing director of Spot Blue.

According to the results of research by the consulting company Spot Blue, about 22% of real estate transactions by foreign buyers in Turkey were argued by the desire to get a "Turkish passport".

According to the data, Istanbul recorded the biggest surge in overseas sales year-on-year, up 41% compared to 2021.

By purchasing real estate worth over 250 thousand euros, non-residents and their families will be eligible for Turkish citizenship.

According to statistics, in 2021, non-residents made 41,000 real estate transactions in Turkey, and more than a quarter of these transactions were also made to get citizenship.

Saudi Arabians have also been significant buyers, increasing their purchases by 77% since 2016. Residents of Qatar increased their home purchases by 41%.