Real estate suitable for Turkish citizenship

Turkey grants its citizenship to investors on several conditions, such as buying a property with a value of no less than $400,000 and not selling it for 3 years, or depositing $500,000 in any Turkish bank on condition of not withdrawing for three years, or establishing a company and employing at least 50 Turkish workers and not laying off None of them for 3 years.

In the event that one of the above investment methods is achieved, the foreign investor has the right to apply for Turkish citizenship for him, his wife and children under 18 years old, after completing all the required papers such as receipts, contracts, passport photos, real estate appraisals, approvals, etc., so that the authorities then grant him investor residence pending the completion of the stages of his file. And obtaining the naturalization decision, which takes between 90 and 180 days from the date of submitting the file.

Returning to our main topic about the type of Turkish real estate that conforms to the conditions for obtaining Turkish citizenship, the authorities did not specify one type and excluded another from the condition for obtaining Turkish citizenship, as the foreign buyer of various types of Turkish real estate, whether it is residential real estate such as apartments, villas, chalets and palaces, or It was tourist real estate such as hotels and establishments, or industrial real estate such as factories, laboratories and warehouses, or commercial real estate such as offices and shops, or agricultural real estate consisting of arable lands and barren lands capable of construction, orchards, bushes, and others.

The authorities also do not require that the property be ready or under construction, but it is sufficient for the property to have an easement title, which is a type of title that is granted to real estate that is still under construction until the completion of construction work and its replacement with a housing title or what is called a complete title.

Conditions for obtaining Turkish citizenship through real estate investment

The value of the property should not be less than 400 thousand dollars, which is the number that is determined by the real estate appraisal report.

The property must have any type of title deed, whether it is a title of easement or housing.

That the property is being sold for the purpose of obtaining Turkish citizenship for the first time.

The owner of the property must be of Turkish origin and not have obtained Turkish citizenship in any way.

- That the value of the property be sold in foreign currency to the Central Bank of Turkey through an intermediary bank, and that the foreign currency be exchanged for its equivalent in Turkish currency in an amount equal to or exceeding 400 thousand dollars.

The value of the property in Turkish lira must be transferred from the buyer's account to the seller's account through the same intermediary bank through which the foreign currency was sold to the Central Bank of Turkey.

In addition to that, any type of real estate that takes the attribute “real estate” and what is meant linguistically is fixed and immovable properties such as apartments, offices, shops, factories, lands, and others.