A new decision regarding raising the minimum value of the Real Estate to obtain Turkish citizenship through Real Estate Investment in Turkey

The Turkish Cabinet headed by President Recep Tayyip Erdogan announced its decision to raise the minimum value of the Real Estate to obtain Turkish citizenship through Real Estate Investment in Turkey. It is essential to mention that the minimum amount of the property value used to be $250,000. However, after the new decisions, the minimum value of the property that qualifies for obtaining Turkish citizenship must be $400,000. It was also decided during the meeting that this decision shall be implemented as soon as it is announced by the official Newspaper.

Advantages of obtaining Turkish citizenship

The possibility of obtaining Turkish citizenship in return for a real estate investment of a minimum value of $250,000 was one of the main reasons for attracting many foreign investors to invest in Turkish Real Estate. That’s because of the unlimited advantages that Turkish citizenship provides to its holders. The most important of these features are:

• It’s worth highlighting that the Turkish passport is one of the top 30 passports in the world. It allows you to visit more than 75 countries without requiring a visa. Also, it’s simple to complete travel processes in more than 25 Schengen nations.

• Furthermore, Turkish citizenship guarantees the right to dual citizenship. That means that the bearer of Turkish citizenship can keep their original citizenship without having to relinquish it. 

• Furthermore, the bearer of Turkish citizenship has all of the same rights as Turkish citizens of origin. Such as free education, plans to pay university tuition for Turkish nationals, and access to all medical facilities. In addition to the privilege to participate in the retirement plan and vote in Turkish elections.

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