Today, the Turkish government announced an increase in the value of the property required for Turkish citizenship from 250,000 US dollars to 400,000 US dollars, after a meeting in the presidential booth, which announced, after its meeting, an increase in the value of the property required to obtain Turkish citizenship.
The previously specified value for obtaining Turkish citizenship was limited to 250 thousand US dollars, through which one or many apartments could be owned, and now the value of real estate investment in Turkey has been raised to a minimum of 400 thousand US dollars.
It is expected that the decision issued now to raise the value of the property required for Turkish citizenship will be circulated in the official newspapers and the administrative regulations of the Ministry of Interior and the Land Registry Department, and the new amendments to Clause B of Article No. 20 in the executive regulations related to the application of the law on obtaining Turkish citizenship through investment are now being waited for. real estate.
One of the most important laws related to raising the value of real estate conditional on Turkish citizenship is owning a real estate within the territory of the Republic of Turkey at the value specified in the implementing regulations, which have now been amended by a value of 400 thousand dollars or the equivalent of the local currency, provided that the property is not sold within 3 years of purchasing the property.
