STEP BY STEP CITIZENSHIP PROCESS
2050 ECONOMY FORECAST FOR TURKEY
Upon the assumption that the required steps will be taken, Turkey’s potential indicates a bright future. The 17th greatest economy of the world with its current GDP calculated based upon the ruling prices, Turkey is expected to make it to the top ten by 2050.
THE RIGHT TIME FOR REAL ESTATE PROCUREMENT IN TURKEY
In 2018, Turkish Lira was depreciated by almost 50% against the American dollar. In other words, the price of real estate has gone down by 50% on an American dollar basis. Despite that, Turkey now offers housing stock of 1 million with the construction work that was started and completed in the recent years. For that reason, Turkey comes to the fore as the country posing the highest rate of return in the next 5 years among the developed and emerging economies of the world.
OUTLOOK OF TURKEY
The rate of growth Turkey displayed in the last 14 years not only impressed many specialists and international institutions but also paved the way of driving quite clear estimates regarding the future of the country. For instance, according to the OECD forecast, Turkey will be one of the greatest economies among the OECD countries with a 4.9% annual growth in 2015-2025.
FAQ (FREQUENTLY ASKED QUESTIONS)
The citizens of which nationalities can purchase real estate in Turkey?
All citizens can purchase real estate in Turkey with the exception of the citizens of Northern Korea, Armenia, and Syria.
How can a Syrian citizen become eligible for Turkish citizenship?
If the applicant’s spouse is the citizen of another country, s/he can make an investment through their country of nationality to get a Turkish citizenship. Their Syrian spouse and children under the age of 18 will also be eligible for Turkish citizenship.