Important Changes Related to Obtaining Turkish Citizenship by Purchasing a Real Estate Property
In December, 2022, the Turkish government made amendments to the conditions for obtaining Turkish citizenship through investment or real estate purchase. These decisions will enter into force as of 01.01.2022.
These changes included the following:
Changes to the pre-sales agreement:
It is required that the transactions based on the preliminary sale agreement in connection with the sale of immovable property by one contract take place as of 01.01.2023. In other words, if you own a group of properties and want to apply for Turkish citizenship, these properties must be under one contract, that is, they must be purchased from one place or one company. If the real estate is under separate contracts, its owner will not be able to apply for citizenship even if its price exceeds $400,000.
Changes related to sale shares:
It will not be possible to apply for citizenship through jointly owned property. In other words, if two foreigners own a property worth, for example, $900,000, with equal shares, they will not be able to apply for Turkish citizenship. The owner of the property must be only one person to be able to apply for citizenship.
Related articles:
Problems you may encounter when buying an apartment in Istanbul
The most important international companies that are heading to invest in Turkey
Changes related to the foreign currency purchase document:
The pre-sale agreement stipulates that foreign exchange purchase documents must be issued against the minimum amount paid in advance, and no later than the date of the contract. That is, the foreign buyer must exchange the foreign currency that he will use during the purchase with a bank located in Turkey, and accordingly, the foreign currency is sold to the Central Bank of Turkey through the intermediary bank.
We, in Akarkom International Real Estate offer you our services regarding buying real estate in Turkey in three stages: before buying a property, after buying a property, and during the purchasing process… We also provide you with the latest real estate offers in Turkey that are in line with your desires and the specifications that you desire .. including real estate offers and real estate suitable for obtaining Turkish citizenship through real estate investment within a record time of ninety days!
Credibility, honesty and speed are our motto .. Do not hesitate to visit our company at the office or online and request various services any time.
We are ready to answer all your inquiries, so do not hesitate to contact us via WhatsApp.
