Currency / Language


NEWS Turkey to start giving citizenship for purchase of property worth US dollars 400 thousand

14 May 2022

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.

According to the data of the Turkish Statistical Institute (TURKSTAT), the foreign citizens who bought the highest number of houses in Turkey in 2021 were Iranians, Iraqis, Russians, Afghans and Germans, respectively.

President Recep Tayyip Erdogan's decision published in the Official Gazette with No. 5554, was taken in this direction. Accordingly, the price of real estate that foreigners must purchase in order to obtain citizenship has been increased from 250 thousand dollars to 400 thousand dollars. For those who want to benefit from this application, it is necessary to insert the "cannot be sold for 3 years" comment in the registration of the real estate bought, in the title deed. In addition, it is necessary to obtain documents from a notary regarding the fact that the transfer and abandonment cannot be made for 3 years. If it is determined by the Ministry of Environment, Urbanization and Climate Change that the conditions have been met, the applicants will be able to obtain Turkish citizenship by the decision of the President.

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