The
Turkish State Gazette published a new amendment and terms on the law granting
citizenship to foreigners by buying real estate in turkey.
According
to the new amendment, which was published on Friday, a foreigner can apply for
Turkish citizenship by buying under construction property, after it was limited
to completed properties only.
According to the new law, a foreigner can acquire Turkish nationality when buying real estate in an unfinished housing project of at least US $ 250,000 or the equivalent in Turkish or foreign currency by submitting the purchase contract to a notary, where it was limited only to the completed ones.
Foreigners are required not to sell and hold the bought property for a minimum 3 years and to pledge not to transfer his property to other persons during the mentioned period.