Turkey has become an immigrant receiver country in the last decades due to its increasing social, economic and educational capacities. Thus, the applications for Turkish citizenship increased especially through estate invest. Property investment is an easy way to get Turkish citizenship but there are some criteria that has to be regarded. Here is the 7 thing you should know before buying a house in Turkey:
The foreigner can apply for and get Turkish citizenship when they buy a house or invest in lands and offices that costs at least $250.000. This amount was reduced from $1.000.000 to $250.000 in 2018.
Foreigners cannot own properties in the security areas such as near the military bases. Thus, you should regard this rule.
The foreigners can have properties of more than 10 hectares in total.
The people who get Turkish citizenship through buying houses cannot sell their houses for three years after citizenship. In the case of selling, the citizenship status is reevaluated by the authorities.
There is no upper number for the property-owning other than 10 hectares. You can buy only one property which costs at least $250.000 or a few properties which each cost less than $250.000 but cost more than $250.000 in total.
If you invest in any currency other than the dollar, the investment has to be equal of $250.000 in that currency. The currency rate is determined according to the Turkish Central Bank’s data in the day that investment takes place.
The properties can be bought at different times. You don’t have to buy them all in the same day.
This is the 7 advice on buying property in Turkey by clarifying the rules and criteria.
The applicants must provide the 8 general criteria when they apply for Turkish citizenship:
Here are the numbers you can directly reach us