The investor programme is expected to bring a lot of foreign currency to Turkey. There is a considerable demand from the Gulf area, but it is not yet that easy to conclude how this will unfold because the legislation is so recent. As well as residency, there are other paths to citizenship, such as job creation. If you employ 100 people, you are entitled to citizenship – it will be interesting to see how this develops.
With regard to source of funds, Turkey does not monitor how money is injected into the property market, or where it comes from. Further investigation is only done as part of the military’s internal process. Under Turkish law, a foreign person acquiring property needs to go through an internal military clearance process. But this was amended recently for property purchases in some of the cities such as Antalya.
The state will not investigate in these areas, but if you want to buy in Istanbul, Ankara or Izmir, you will be subject to the clearance process again.