In recent years, Turkey has emerged as an increasingly attractive destination for foreign investors seeking to acquire citizenship through real estate investment. The Turkish government’s initiative to grant citizenship in exchange for real estate investment has sparked considerable interest. However, this process is subject to specific conditions that investors must carefully navigate.
The primary condition for acquiring Turkish citizenship through real estate investment is the purchase of property meeting or exceeding a predetermined value. This amount is 400.000$ now so at 15/12/2023. The government has set a minimum investment amount, and investors must ensure that the property they choose aligns with this requirement. This condition aims to attract substantial foreign investment into the Turkish real estate market, thereby stimulating economic growth.
Another critical condition involves maintaining ownership of the real estate for a minimum period. Investors are required to hold onto the property for at least three years to be eligible for citizenship. This stipulation is in place to encourage long-term investments and prevent any short-term speculative activities.
The application process itself involves submitting various documents, including proof of property ownership, a commitment to not sell the property for a specified period, and evidence of compliance with residency requirements. Investors should be diligent in preparing and providing accurate documentation to facilitate a smooth application process.
In this context, our law firm helps carry out all transactions and carries out transactions on behalf of investors and also provides legal consultancy to investors throughout the entire process. Our real estate experts also provide financial consultancy services to investors regarding the profitability of real estate investments and the reasonableness of prices.
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