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Property sellers and real estate professionals told Reuters that before the rule change some cheaper homes were being marked up and sold to foreigners for at least $250,000 - the minimum price for Turkey to grant foreigners a passport. Some sellers were working with selected appraisal companies to inflate prices and secure citizenship for buyers, they said, with the difference between the market value and the price paid in some cases later returned to buyers.
Turkey s citizenship-for-homes sales hit roadblock | WSAU News/Talk 550 AM · 99 9 FM wsau.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wsau.com Daily Mail and Mail on Sunday newspapers.