News dalla rete ITA

1 Febbraio 2018

Turchia

SECTOR REPS ASK TO LOWER $1M LIMIT FOR CITIZENSHIP WITH REAL ESTATE PURCHASES

In 2012, Parliament broadened the concept of reciprocity for foreign citizens who want to buy real estate in the country. Hailed by sector representatives, the introduction of the reciprocity law was later supported by an amendment to the citizenship law in January 2017. The amendment offers citizenship to foreigners via four types of investment choices, including a real estate investment of $1 million or more. This concept of economic citizenship has contributed to the increasing real estate sales to foreigners in 2017, representatives of leading real estate providers have emphasized as housing sales statistics demonstrated a rising curve throughout the year. However, the sector emphatically suggests that the $1 million bar should be reduced on the grounds that it will further hike sales and foster the construction sector, which made up of more than 8 percent of Turkey's gross domestic product (GDP).Fonte: Sabah DailyElaborazione: Erol KurtContatto: istanbul@ice.it (ICE ISTANBUL)