The Turkish government facilitated the procedures for obtaining Turkish citizenship through real estate investment a lot, as it reduced the minimum required to be invested to 250 thousand dollars after it was one million dollars, but provided that it must not be sold within three years. The decision also includes unfinished real estate that is being constructed, so a foreigner can apply for them based on their purchase.
Important information for obtaining citizenship through real estate ownership:
1- That the property price should be at least 250 thousand dollars.
2- The buyer must not be related to the seller, nor can the property be purchased from a company owned by the buyer or one of his relatives
3-real estate ownership in installments belongs to this decision.
4- The investor must have obtained the title deed or sale contract certified by a notary and must be registered with the Land Registry after the amount has been fully transferred.
5- The property must be evaluated by the real estate department to obtain the real price, and the amount specified by the evaluation should not be higher than the purchase amount
Note: The evaluation period is three months, you should pay attention to that.
6- Avoid loading money through agencies, as the transfer notification must be in the amount of 250 thousand and more from the buyer's account to the seller. The relationship between them, and the notice must be certified by its source in addition to including an explanation of the reason for transferring the money.
7- If there is a mortgage on the property, it must be lifted within five days of purchasing the property.
8- During or after the transfer of ownership, an application for obtaining citizenship can be submitted with the statement that this property was purchased for the purpose of nationality.
Note: There are nationalities that are not entitled to own property in Turkey, namely: Syrian, Armenian and North Korean.
Stages of obtaining citizenship through real estate ownership:
1- Buying the property and obtaining the evaluation and approval.
2- Obtaining the investor residency.
3- Submit an application for obtaining citizenship.
It is preferable to have a lawyer or real estate agent to perform these stages and to avoid mistakes.