How to get Citizenship by Buying Housing in Turkey?How to Get Citizenship in Turkey, Real Estate Turkey
One of the most important steps to get citizenship by investment is invested in real estate in Turkey. It is one of the most preferred methods, especially for foreign investors. Foreign investors try to adapt to the procedures by investing in real estate to get Turkish citizenship. Thus real estate projects have attracted the attention of foreign investors in Turkey.
Apart from these, the price of housing sales to foreigners in Turkey is very high. Being granted citizenship also increases real estate sales. So how to get citizenship as homeowners in Turkey?
The granting of citizenship rights to foreigners by selling housing leads to an increase in housing and real estate sales. Although many companies in the sector do not know, foreigners who buy houses or real estate for 250 thousand dollars can become Turkish citizens. Besides, companies that sell real estate to foreigners are requested to be considered exporters.
HOW TO GET TURKISH CITIZENSHIP FOR 250,000 DOLLAR HOUSING?
Foreign investors can get Turkish citizenship by acquiring property worth at least 250 thousand dollars with the decision published in the Official Gazette in September of last year. Therefore, housing sales to foreigners have increased considerably. This regulation also applies to individuals who invest at least 500,000 dollars or invest in banks or foreigners who employ at least 50 Turkish citizens. Besides, foreigners can purchase real estate without paying VAT according to the new regulation. However, they cannot sell these properties for at least 1 year.
In February 2019 subject to foreign sales increased by 92.1 percent compared to the same month of the previous year, in Turkey and has been 3321. In the sales of residents to foreigners, Istanbul ranks first in February 2019 with 1440 sales. Istanbul is followed by Antalya with 672 sales, Ankara with 196 sales, Bursa with 192 sales and Yalova with 138 sales. According to Turkstat in 2018, the top 10 countries which bought housing in Turkey, are Iraq, Iran, Saudi Arabia, Russia, Kuwait, Afghanistan, Germany, Jordan, Azerbaijan, and England.
CAN THE SPOUSE AND THE CHILDREN OF THE PERSON WHO BUY THE HOUSING BE CITIZEN?
The person who buys the housing, his spouse and all children under the age of 18 can also get citizenship rights. So we cannot say the same for children who are 18 years investing in Turkey.
ANTALYA AND ISTANBUL ARE ON THE FIRST RANK
In terms of investment potential, Antalya, Istanbul, Izmir, Bursa, and Ankara are on the first rank. Antalya and Istanbul are the favorite of foreign investors with their transportation opportunities, natural and historical values.
WHAT IS the CONDITION of 3 YEAR FOR CITIZENSHIP?
Multiple real estates with a total price of 250 thousand dollars can also be bought, but they must be an application for all of them. The sale of citizenship is required to be annotated to the land registry records. Housing cannot be sold for 3 years. However, citizens of Syria, Cuba, Israel, and Cyprus are excluded.