Things to Consider for Those Who Want to Become a Citizen by Buying Property in Turkey

Foreign real estate investors seeking Turkish citizenship should pay attention to several key factors:

1. Minimum Investment Amount: To qualify for citizenship, investors must purchase real estate worth at least $400,000 USD. Additionally, the property must not be sold for at least 3 years.
2. Title Deed and Legal Process: The purchased property should have a condominium title deed or easement right. A valuation report and a foreign currency exchange document must be obtained during the transaction.
3. Taxes and Additional Costs: Buyers must pay a 4% title deed fee, and annual property taxes also apply. Other possible costs include banking fees, notarization charges, and translation costs.
4. Application Process: After obtaining the Certificate of Eligibility, investors should apply for a short-term residence permit before proceeding with the citizenship application.
5. Hidden Costs: Some unexpected expenses, such as banking fees, notarization costs, and document verification charges, may arise during the process.
6. Family Inclusion: The spouse and children under 18 of the applicant can also benefit from Turkish citizenship through this investment.

Working with a legal expert or real estate consultant can help navigate the process smoothly. If you need more information on obtaining Turkish citizenship through investment, let us know!