Turkish citizenship and real estate residence in Türkiye
What are the differences between Turkish citizenship and real estate residence, and which is better? To know the answers of these questions, read this article from Ebla Real Estate.
Obtaining Turkish citizenship through buying a property:
Turkish citizenship is one of the most desirable nationalities for investors, as Turkey is a perfect place for investment, it has provided all facilities to investors from all over the world.
Among the most important conditions for obtaining citizenship by buying a property in Turkey are the following:
- The investors should invest 400.000 $ or more in real estate in Turkey or its equivalent in foreign currencies.
- Moreover, the property buyer must commit not to sell the property for a period of three years from the moment of purchase.
It is worth noting that the investor can resell the property after 3 years and achieve high profits.
Obtaining real estate residence in Turkey through buying a property:
Obtaining a real estate residence permit in Turkey is of great importance. Moreover, it is one of the goals of many foreigners, especially those wishing to invest in Turkey.
Those who wish to obtain real estate residence in Turkey must buy a property worth 75 thousand dollars onwards in major Turkish cities such as Istanbul, Ankara, Bursa, Mersin, Antalya, etc. However, the price of the property must be 50 thousand dollars onwards in smaller Turkish cities.
What are the differences between Turkish citizenship and real estate residence, and which is better?
The Turkish Nationality Law is clearer and more secure. All investors who have bought a property to obtain citizenship obtain it within a short period of time. As long as they meet the conditions.
As for the costs, the condition to obtain Turkish citizenship is to buy a property worth 400,000$ or more. However, to obtain real estate residency, the value of the property must be 75,000$ if it is in a large city such as Istanbul, Ankara and Bursa or 50,000 if the property is in a small city such as Samsun, Antakya, etc.
Undoubtedly, the advantages that the investor gets from Turkish citizenship are more than the advantages that he gets from the real estate residency. As a citizen of a foreign country who acquires Turkish citizenship has the same rights as a Turkish citizen. Regardless of religion, language or race.
It is worth noting that both Turkish citizenship and real estate residence are granted to close family members including spouses and children under 18 years old.
Thus, we talked about Turkish citizenship and real estate residence in Türkiye.
Edited by: Ebla Group Real Estate
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