17/05/2022
TURKEY TO START GIVING CITIZENSHIP FOR PURCHASE OF PROPERTY WORTH US DOLLARS 400 THOUSAND
The amendment on the subsequent acquisition of Turkish citizenship was published in the Official Gazette. The amendment makes it possible to purchase real estate worth 400 thousand dollars.
The legal amendment granting the right to become a citizen of the Republic of Turkey not at birth but afterwards was published in the Official Gazette. The legislative amendment, which will enter into force on June 13, increases the purchase price of real estate from $ 250 thousand USD to $ 400 thousand USD, which allows foreigners to obtain the right to citizenship. In 2018, said price was applied at $ 1 million.
The condition to buy real estate for foreigners to get Turkish citizenship for a higher price was reduced to US$ 250,000 over time, causing intense discussions. Recently, it was announced at the Presidential Cabinet Meeting held on April 12, 2022 that the decision had been made to increase this price to 400 thousand dollars, but it had not been formalized to date.
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