Euro rates
  • USD/RUB96.0346
  • GBP/RUB117.804
  • TRY/RUB3.5351
  • EUR/RUB102.248
Alanya
+20°C
2116apartments on site

Turkish authorities raise the minimum price of real estate for citizenship

  • 04.05.2022
  • 19410
  • 275
  • 127
Turkish authorities raise the minimum price of real estate for citizenship

The Turkish government has decided to increase the minimum cost of buying real estate for foreign nationals to obtain citizenship. If some time ago they could buy a house or apartment for $250,000, now only investors who purchase real estate for $400,000 will become citizens of the country. The authorities also remind that this property cannot be sold or managed within 3 years from the date of purchase.

Read also
  • The ministry of tourism in Turkey receives a proposal for the introduction of a digital nomad visa
    Representatives of the tourism industry in Alanya are proposing that the Ministry of Tourism implement a digital nomad visa program. This initiative is believed to be beneficial in maintaining a consistent occupancy rate for hotels and rental properties in Alanya throughout the year. The current...
    31.08.2023
  • Rental housing in Turkey becomes 4 times more expensive
    The cost of renting real estate in Antalya has increased 3-4 times. If earlier it was possible to rent apartments at the resort for $173 per month, now this price is $720 (as of 5 May 2022). Moreover, the demand for buying real estate has increased in the country: many buyers consider the purchase...
    28.04.2022
  • There is no housing left in Antalya
    Antalya's resorts are running out of vacant housing that could be rented. It was sold out by foreign nationals. Turkish residents report a real estate boom in Antalya. Meanwhile, as demand grew, prices also increased: the resort is more expensive than Istanbul, which has always been considered the...
    21.04.2022
Free consultation

Schedule a consultation with our real estate experts

Ali Pazandeh
Sales representative, Graphic designer