Apartments suitable for Turkish citizenship
After the Turkish government launched the Turkish citizenship program in exchange for real estate investment in 2017, a foreign citizen can obtain citizenship in exchange for buying a property in Turkey. However, what are the specifications of apartments suitable for Turkish citizenship? This is what we will talk about in this article from Ebla Real Estate.
Any property of any kind (apartment, villa, agricultural land, property under construction, etc.) entitles you to apply for Turkish citizenship, provided that its price is $400,000 or more, according to the real estate appraisal report document.
Conditions for obtaining Turkish citizenship in exchange for buying an apartment:
- The investors should invest 400.000 $ or more in real estate in Türkiye or its equivalent in foreign currencies.
- Moreover, the buyer must not sell the property for 3 years.
- Additionally, the specified value of the property must be paid by bank transfer.
- In addition, the foreign investor must pay the value of property in cash. Payment by installments is not accepted, unless the value of the first installment is $400,000 or more.
- The owner of the apartment should be Turkish.
- That the apartment purchased for the purpose of obtaining Turkish citizenship is sold for the first time for this purpose.
Specifications of apartments suitable for Turkish citizenship:
There are no fixed specific criteria indicating that this apartment is suitable for nationality or not. But in general, these apartments are available in modern, high-quality complexes, which are characterized by standard building specifications and have luxurious modern designs. In addition, the luxurious residential complex that is suitable for Turkish citizenship provides all service and entertainment facilities such as security, surveillance cameras, playgrounds, garages, and others.
The price of the apartment should be $400,000. Moreover, a foreigner can buy more than one apartment, with a total price of $400,000, and apply for Turkish citizenship.
One of the important things related to apartments suitable for nationality is that they should not be located in areas prohibited to foreigners.
The buyer also should obtain security and military approval when buying an apartment.. Especially if it is close to the security and military areas.
In addition to the above, the buyer must not sell the property for 3 years.
Furthermore, the buyer should also buy the apartment from a Turkish person or company, or through a well-known accredited real estate company.
This apartment must not have been previously sold to apply for Turkish citizenship.
For apartments suitable for Turkish citizenship, do not hesitate to contact us.
Edited by: Ebla Group Real Estate
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