Interest in Trumps Gold Card from Türkiye
Trump’s “Golden Visa” move is reshaping the $400 billion global real estate investment market, and Turkish investors have become one of the standout players in this market. Teuta Narazan, Co-Founder of Vesta Global, stated that there would also be interest in the “golden card” from Türkiye.
The global market formed by individuals investing in real estate outside their home country exceeds $400 billion. Türkiye, having gained rapid momentum, accounted for $2.2 billion of this share in 2024. U.S. President Donald Trump announced the “Golden Visa” program aimed at wealthy immigrants in February, and earlier this month, before heading to Miami, he signaled a new era by introducing to journalists aboard Air Force One a special “Golden Card” featuring his own photograph. Trump had stated that he expected at least 1 million applications in the first phase for this $5 million card.
According to a report by Handan Sema Ceylan from Ekonomim, Teuta Narazan, Co-Founder of Vesta Global, which provides consultancy services to those in Türkiye looking to invest in real estate abroad, evaluated for EKONOMİ how this new move by Trump could impact the market. Narazan said, “There are various reasons why people in Türkiye want to invest in real estate. Some want to overcome visa issues and gain visa-free travel rights. Others buy property abroad to earn rental income in foreign currency, for their children's education, or due to concerns such as earthquakes. Moreover, we are now receiving demand not only from the three major cities but from many provinces across Türkiye.”
Narazan reminded that on a global scale, 87% of those investing in real estate outside their home country do so for residency purposes, while 13% do so for citizenship. Saying, “Trump’s election victory will stimulate this market in two ways,” Narazan continued her remarks as follows: “First, it has moved the U.S. to the upper segment in this race and increased competition. Second, the growing trade wars and political tensions around the world are driving a shift towards safer countries. This, in turn, increases interest in Golden Visa and citizenship programs.”
