What is the price of the property to obtain Turkish citizenship
Two months ago, news sources announced that President Recep Tayyip Erdogan and the Presidential Council of Ministers discussed the value of the property in relation to citizenship. The changes have been according to the increasing value of the property. The amount obtained for citizenship has changed and increased. Now it is on official paper and the decision is signed by Recep Tayyip Erdogan.
Property value for Turkish citizenship
In 2018, the projected amount in the real estate and property price was $1 million but then dropped to $250,000. And on April 13, at the presidential cabinet meeting, they decided to increase it by about 60%. The changes appeared in the April news but were not published in the Official Gazette until the news was officially released last May.
As of last month, the value of the property taken to apply for Turkish citizenship has become 400,000 US dollars after it was 250,000 dollars before the decision but according to the changes in the rise in real estate values, the amount has changed and foreigners who meet the conditions will be able to obtain Turkish citizenship.
For more information and a detailed explanation of the topic, you can contact the Istasya property team as well, and if you want to keep up with the latest real estate news and updated topics, you can follow us on our news page.