Turkey’s US$250,000 citizenship by investment scheme seems like a bargain as lira’s value plunges
- Hyperlink Immigration Consulting is facilitating the investment programme
- It said it was willing to buy back property from investors should its value fall after three years
As a growing number of Hongkongers consider emigrating to other countries because of the social unrest drives, one migration agency is touting the benefits of seeking Turkish citizenship via a property investment scheme amid a rapid decline in the value of its currency.
Hyperlink Immigration Consulting, which is facilitating the investment programme, said that it was willing to buy back the property from the investor, should its value fall after three years.
In 2016, Turkey launched the citizenship acquisition by investment programme for foreign investors with a minimum property investment of US$1 million. Last September, this was reduced to US$250,000, and the period the property has to be held was cut down to three years after acquiring citizenship.
“We are very confident in Turkey’s property market,” said Angel Yao, director of market development at Hyperlink. “So if the price of the property goes down after three years, we will buy it back.”