Euro rates
  • USD/RUB79.2663
  • GBP/RUB105.3367
  • TRY/RUB1.6724
  • EUR/RUB90.2051
Alanya
+30°C
28.8°C
2315apartments on site

Turkish authorities raise the minimum price of real estate for citizenship

  • 04.05.2022
  • 108693
  • 276
  • 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.

Comments
Leave comment
Read also
  • Alanya remains the favourite among Russian property buyers in Turkey
    Alanya is reaffirming its status as the leading destination for Russian property buyers in Turkey. According to the Turkish Statistical Institute (TÜİK), Russian citizens purchased more than 15,000 homes here between 2022 and 2026 — 15,225 in total. A mild climate, well-developed...
    26.06.2026
  • 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