The minimum property value is increased

The minimum property value is increased to 600.000 $

Turkey has a citizenship by property investment law for foreigners. The minimum property value to benefit from this law was 400 thousand dollars. The Presidency of Migration Management of Turkey will increase this amount to 600 thousand dollars at the beginning of next year.

Foreigners can still benefit from this law by purchasing at least 400.000 thousand dollars worth of property until the end of the year. So, it is still possible to get Turkish citizenship with the current law. The new regulations for Turkish citizenship by real estate investment are expected to enter into force with the new year.

While the increased threshold may pose initial challenges, some experts believe that this move will bring in more impactful investments, reshaping the landscape of the Turkish real estate sector. As Turkey is one of the most popular countries in terms of overseas real estate investment, the demand is expected to continue according to the experts.

Also, the minimum limit for residency by real estate investment has been increased to 200 thousand dollars from 75 thousand dollars on 16 October 2023. So, there is an increase in minimum property value in both options to buy real estate and live in Turkey.

 

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