Modifying The Law to Obtain Turkish Citizenship by Property
The Turkish government, with new amendments, decided to raise the value of the real estate required for obtaining Turkish citizenship from $250,000 to $400,000, with the stipulation that the property eligible for Turkish citizenship should not be sold for a period of three years.
Anadolu Agency confirmed that the Turkish government discussed raising the value of the property to be purchased in order to obtain Turkish citizenship, and then decided at the same meeting to raise the value from 250,000$ to 400,000$.
The agency indicated that the decision will enter into force after its publication in the Official Gazette to know its details in the coming days.
It is noteworthy that the granting of Turkish citizenship in exchange for a property began in 2017, and in 2018, the value of the property eligible for Turkish citizenship was reduced from one million dollars to 250,000$.
In 2021, 58,576 homes were sold to foreigners.
According to Anadolu Agency, 97,587 apartments were sold in Turkey last February alone.
Statistics indicate that until the end of 2021, 19,330 people obtained Turkish real estate citizenship, with the continuous increase in this number, which means the great demand for real estate investment for Turkish citizenship, including many of our clients in Estate Nation.
The Turkish real estate market is very popular with foreign investors who find a safe investment opportunity with the opportunity to obtain a Turkish passport, which has wide advantages that increase the desire of investors to invest in real estate in Turkey.
If you are looking to obtain Turkish citizenship by real estate investment, you can find out the details for this opportunity by contacting us and getting a free real estate consultation. contact now .