Asia TimesKourosh Ziabari: Iranians are buying real estate in Turkey in hope of acquiring citizenship and leaving behind the bitter realities of life in Iran’s failing state and economy.

Foreign nationals who purchase Turkish houses, apartments, offices, shops or land worth at least US$250,000 can obtain Turkish citizenship, according to the Turkish government’s citizenship by property investment scheme.

The previous threshold was $1 million but Ankara slashed the minimum purchase in 2018 amid an economic crisis and eyeing increased investment by well-to-do Persian Gulf citizens as well as would-be Iranian immigrants.

Immigration from Iran to Turkey has steady risen in recent years, with the first wave starting in 2009 following a disputed, violent presidential contest that saw the reelection of the hardline President Mahmoud Ahmadinejad, who cracked down on dissidents at home and wreaked havoc on Iran’s relations with the international community through his nuclear brinkmanship and adventurous foreign policies.

The second wave noticeably started following US President Donald Trump’s May 2018 decision to pull America out of the Iran nuclear deal and impose harsh new economic sanctions. Iran’s economy has been in tatters ever since, driving an ever-growing number of Iranians to seek their livelihoods abroad.