Turkish Citizenship New Law
We have previously talked about Turkish citizenship and how to obtain it for foreign people in
Hayat Real Estate Consultancy through several articles.
In this article, we will discuss the new Turkish citizenship law or the amendments and changes made to
the conditions it contains.
Since reducing the value of real estate investment to obtain Turkish citizenship to
minimum of 250 thousand dollars in 2018,
The percentage of people wishing to obtain it has increased, especially in recent times.
Where high numbers of sales recorded, most of them in Istanbul.
In the cabinet meeting that was held on May 13 of this year in the capital, Ankara, and in the presence of the President of the Republic of Turkey Recep Tayyip Erdoğan a new decision was taken regarding the Turkish citizenship law,
which stipulates raising the value of real estate investment,
through which it is possible to obtain Exceptional Turkish citizenship to a minimum of 400,000 dollars
or its equivalent in foreign currency.
It also stipulated that the property should not be sold before three years from the date of purchase.
In addition, the value of the property to be purchase, which is not less than 400 thousand dollars
or the equivalent in foreign currencies, is deposited in a Turkish bank.
The implementation of the decision will start after it announced in the official newspapers.
While it considers a unique opportunity for people who wishing to invest in real estate worth 250 thousand dollars,
and obtain Turkish citizenship because the decision is not implemented yet.
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