Nationality Through Real Estate: New Law Amendments

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.

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