"1000% Increase in Citizenship Applications through Investment in Turkey"

Significant Increase in Citizenship Applications Through Investment from Turkey

Before the pandemic, the investment-based residency and citizenship market reached a size of 21.4 billion dollars, and it is rapidly growing due to increasing geopolitical uncertainties and tightening tax policies. Current trends indicate that the market volume, which stood at 21.4 billion dollars in the pandemic year 2019, is expected to exceed 100 billion dollars by 2026.

According to Savills data, the global real estate market is expected to surpass 1 trillion dollars in 2026, with at least 10% of this size being constituted by investments in Golden Visa and citizenship by investment programs. The sector is now positioning itself as a long-term risk management tool beyond just facilitating travel and residency for investors.

Tenfold Increase in Turkey's Investment Demand

Demand originating from Turkey is distinctly diverging from global trends. Teuta Narazan, Founding Partner of Vesta Global, notes that the investment volume from Turkey directed towards these programs was 213 million dollars in 2020, while it has surpassed 2.4 billion dollars in the first 11 months of this year, approaching 3 billion dollars on an annual basis. These figures indicate a growth of over tenfold within four years.

Narazan emphasizes that Turkish investors are showing significant interest in Portugal and Greece within Europe, and in Dubai outside of Europe. She highlights that the increasing demand brings a more selective period, stressing that in addition to the investment amount, the legal framework of the programs, their stability in implementation, and long-term sustainability should also be taken into consideration when choosing countries.