Turkish citizenship for the purchase of real estate in 2023
At the end of October 2023, it became known that the authorities increased the minimum investment in real estate to obtain a residence permit in Turkey by 2.5 times to $200,000. But not so long ago, an investor could obtain Turkish citizenship for such an investment. Now you can take part in the passport program by purchasing real estate for an amount of $400,000 or more.
Citizenship of Turkey (Türkiye) by investment in real estate in 2023
Despite the February earthquake, which affected investors’ perception of the local real estate market, applicants are still actively buying apartments in Istanbul. In the first 3 months of 2023 in the capital of Turkey. Eventually the total volume of housing sales amounted to 3,603 properties.
Turkish citizenship for real estate – why is it worth investing?
The advantages of Turkish citizenship are obvious — real estate in country is a very good asset, low cost of living, remote processing.
Turkish Citizenship increases in value starting from June 2022
From June 13, 2022, participation in the Turkish Citizenship program will cost at least $400,000. Under the terms, you need to buy real estate in Turkey for this amount.
How to apply for Turkish citizenship in 2022
Turkish citizenship can be obtained in 2-3 months. Only USD 250, 000 for your property, legal services plus small government fees.
