Turkish Minister of Economy Mr. Nihat Zeybekci said that foreigners who invest in residential property in Turkey should be granted Turkish citizenship. Minister Zeybekci said, "Foreigner is purchasing property in Turkey for 3 to 5 Million US Dollars and we grant entry visa for 1 year only? This shouldn’t happen”.
Mr. Zeybekci told that there are examples of other countries that implement strategy of giving long term residence permits with potential to obtain citizenship, which shall also be implemented in Turkey. Minister also mentioned that now, as government is established for next 4 years and uncertainty period is over Turkey shall seek every opportunity for fast economic growths, and attracting rich investors is one way of doing that. To do so, Mr.Zeybekci promised that a procedure will be put in place allowing granting unlimited period residency permits to foreigners buying property in Turkey with potential for them to obtain citizenship in near future.