I've heard that Turkey's domestic politics have a huge impact on real estate prices in places like Istanbul, especially since there's a pro-construction party and an anti-construction party which end up deciding the tide of the market following municipality elections. How much attention should I pay to this as a foreign investor before buying real estate in Turkey to get a new passport?
Not much; the CBI program is quite straightforward and has swift bureaucracy. In case you are wondering about a large scale real estate investment project, then local and district municipal authorities and pro-construction attitude, inclusive of zoning, may matter.
The citizenship by investment program in Turkey remains very healthy. The construction business is one of the biggest industry in Turkey. No matter what happens in politics, all politicians need the support of the business community to be in government. Therefore, I don't see any risk as long as you make your investment and follow the procedures. The process takes around three months which is a very short period and once you become Turkish citizen, it gives one an irrecoverable right protected by the constitution.
+1-800-347-9390
