Several factors contribute to the soaring property prices in Turkey. Firstly, macroeconomic factors such as U.S. interest rate hikes and inflation have impacted the value of the Turkish lira, thereby driving up property prices.

Furthermore, the outbreak of the Russia-Ukraine war has led some investors to shift their focus to Turkey, making it a secure and stable investment choice. Additionally, adjustments to the citizenship-by-investment policy have attracted a significant influx of overseas investors, further fueling the rise in property prices.

However, the surge in property prices in Turkey has also brought about certain challenges. Ordinary citizens are gradually finding it difficult to afford the high property prices in major cities like Istanbul, exacerbating social inequality.

In an effort to secure voter support, politicians have proposed raising the threshold for investment immigration, limiting the number of overseas buyers to safeguard the interests of local residents. These measures aim to control the speed of property price increases and ensure the stable development of the real estate market.

However, there is currently no precise information regarding specific adjustments to Turkey's investment immigration thresholds or the future direction of the real estate market. The government may make corresponding adjustments based on market demands and economic conditions to balance the interests of all parties.

Therefore, for real estate investors and buyers, closely monitoring the latest policy developments from the Turkish government and relevant institutions is crucial.

Despite the remarkable speed of property price increases in Turkey, the overall growth rate of the global real estate market has slowed down. According to Knight Frank's Global House Price Index for the first quarter of 2023, the average global property price increase is 3.6%, marking the lowest growth rate since 2015. Hence, the rapid surge in Turkey's property market also warrants increased attention and careful assessment.