Turkey has changed its law to offer citizenship to foreigners who buy property🏠 worth at least $1m💰 in the country❗
The decree📝 on the changes published in Turkey's Official Gazette on Thursday also grants citizenship to foreigners who make a fixed capital investment of at least $2m, keep at least $3m in a bank account for at least 3⃣ years or create at least 💯 jobs in the country.
A sharp ⬇ in the real-estate business might push Turkish economy into a crisis. Turkey's real-estate sales increased 4.5%to 1.2 million properties in the first 11 months of 2016 over the same the same period of 2015. However, the sales of properties to foreigners saw a 19 percent decrease in the first 11 months of the year, dropping from 20,607 to 16,727. In both years, Iraqis, Saudis, Kuwaitis and Russians bought the highest number of properties. The drop in sales to foreigners is attributed directly to the security concerns in the country. Turkey, a tourism hotspot🎉 that historically attracted foreigners, has experienced a bloody year of attacks😢 that have left 💯's dead and put the country on high alert:sad:
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