In 2016, Turkey unveiled its citizenship by investment program. It provides applicants with residence, citizenship, and a second passport if they invest in real estate or make a bank deposit. For investors, the real estate route is very appealing. This needs a minimum property purchase of $250,000 plus fees, making Turkey one of the most affordable citizenship by investment programs on the market. The initial investment amount was set at $1 million. However, it was substantially lowered in September 2018.