Turkish citizinship by real estate investment
According to the Turkish official newspaper, the application of the new limit of the law on obtaining Turkish citizenship will start from June 12, 2022, so the required amount after this date will be $ 400.000 dollars instead of $ 250.000, which represents the current limit required during the period from September 2018 until June 12, 2022.
Many changes have occurred during the past four years since the start of the Turkish citizenship law through real estate investment worth $ 250.000, including the prices of construction materials, which have risen significantly since the beginning of the Corona epidemic and the problems associated with it from increased demand, supply chain problems, and significantly higher shipping costs, including the continuation and increase in demand for new real estate in Turkey in general and in Istanbul in particular, including the problems of global inflation (the inflation rate in America reached 8.3% for the month of April 2022, which is one of the highest rates since 1980) and the weak purchasing power of the dollar associated with many currencies around The world, including the Turkish lira, was negatively affected by that.
But the most important of all these reasons is that real estate investment in Turkey has proven its efficiency during the past four years and today we can consider at least 90% of the properties purchased in the years between 2018 and 2021 as real estate that made a profit even based on the dollar, not less than 50% in some cases, the owners obtained correct investment advice, reaching 200%.
And for the previous reasons, it was expected that the increase in the required limit for investment and obtaining Turkish citizenship will be implemented in 2022 because the real estate that you could get worth $ 250.000 in 2018 now you need $ 400.000 to obtain the same today 2022, and it is not only in the real estate market in Turkey, but all over the world, as well as in most areas that have been affected by inflation and the negative results of the epidemic.
This new law is fair to investors before the date of the amendment to preserve the value of their investments and is also fair to new investors who want to obtain Turkish citizenship and cannot invest more than $ 250.000, they have a full month to decide.
Note: For those wishing to obtain Turkish citizenship by investing in the amount of $ 250.000, a title deed or a contract from a notary public that proves the full ownership of the property must be obtained before entering the date of June 12, 2022, and thus the property is seized or the payment is not completed or the title deed is not obtained or the notary contract means that the law that will apply to them is $ 400.000.
Note: You can contact our specialized team to help you choose your property quickly and properly and ensure Turkish citizenship for you and your family before the implementation of the new law.