What should foreigners keep in mind when choosing between the real estate and bank deposits CBI options in Turkey?

The real estate CBI option in Turkey requires a minimum investment of $400,000 while other options like bank deposits require $500,000. What option should investors choose if they want to get a good rate of return on their investment as well as Turkish citizenship?

Answers

Orhan Yavuz Mavioğlu

ADMD Mavioglu & Alkan Law Office

On Orhan Yavuz Mavioğlu answered:

The CBI for real estate is still $250k and has not been increased yet, but there is talk and it may be announced soon.
For both options, once the investment is made, the conversion to the Turkish lira is required; accordingly, the real estate (keeping its value in general) still may be the better option.