On May 28, local time, Turkey's current President Recep Tayyip Erdogan defeated his opponent Kemal Klıchdar Oğlu and was successfully re-elected. Erdogan has been prime minister for 11 years since 2003 and president of Turkey since 2014, and has been at the helm of Turkish politics for 20 years.
With Erdogan winning the election, Turkey's plan to buy a home will also continue.
The Turkish Buying House and Passport Giving Program is one of the most popular programs for immigration applicants, mainly for the following reasons:
First, immigrating to Turkey is very simple, and you can get Turkish citizenship in one step by investment.
Second, Turkish immigrants have neither immigration supervision nor source of funding to explain requirements.
Third, it is convenient to open an account.
Fourth, Turkish identity can be a ticket to an international school.
Fifth, the exit mechanism, holding the property for sale for three years without affecting status.
Being able to buy a house and give away an identity is a good thing that is naturally attractive to Chinese who prefer to invest in real estate. Let's take a look at the Chinese in the Turkish real estate market over the past decade:
In 2015
Chinese's presence began in 2015 (ranked 18th) in the Turkish home buying market, and the same year was also a year of heating up for Chinese investors buying houses abroad.
In 2016
China rose to 16th place in 2016, with Iraq, Russia, Germany, the United Kingdom and other countries always in the top ten.
2017-2020
There were three years in the middle of dropping out of the top 20, but in 2020 it returned strongly, breaking into the top 15 and buying three times as many homes as in 2016.
In 2021
In 2021, China continued to rank firmly in the top 20, with the number of home purchases increasing by 8.1% compared to last year!
In 2022
In 2022, China ranked 13th, with a 22.4% increase in the number of home purchases compared to last year!
According to the data for January and February 2023, the number of Chinese houses purchased ranked at an all-time high compared with their "records" in previous years, ranking seventh, and rushed into the top ten for the first time in ten years!
Sales data for foreigners
Chinese ranking by number of home purchases
Not only can you give away status, but Turkey's house price increase is also gratifying.
According to the "Q3 2022 Global House Price Index" released by Knight Frank International. In the third quarter of 2022, Turkey remained the country with the highest annual growth rate, ranking first with an impressive increase of 189.2%, compared to 160.6% in the second quarter, an increase of 28.6%, and Turkey has maintained a strong growth momentum in the future.
House prices have skyrocketed, with the top three cities in the world increasing house prices by more than 100%, and the top three cities are all in Turkey.
Istanbul, up 212.1%;
Ankara, up 196%;
Izmir, up 185.8%;
I have to admit that the Turkish property market is really thriving.
Currently, Turkish passports can be obtained by purchasing a property in Turkey starting from $400,000 (available for sale after 3 years).
For locals, half of Turkey's population is younger than 31.7 years old, and the demand for housing has been very large, and in recent years of inflation, Turkish people are keen to buy houses to fight inflation.
For foreigners, the exchange rate of the lira has fluctuated in the past two years, and exchanging foreign currency for lira to buy a house is equivalent to a direct discount. As a result, Turkey has become a gathering place for global investors, and house prices are the first in the world to rise.