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Turkey is heading to raise the minimum value of real estate required to obtain citizenship

In the coming days, the Turkish government will be implementing new decisions that resulted from the last meetings held recently, which stipulated raising the value of the property to be purchased to obtain Turkish citizenship from 250,000 USD to 400,000 USD, provided that it is not sold for 3 years, and newspapers indicated that this amendment will be published in the Official Gazette in the coming days, and accordingly, those wishing to apply for Turkish citizenship should take advantage of the time remaining for them and the investment amount required before implementing the decision to raise it.  It is noteworthy that the Turkish real estate market is witnessing unparalleled growth and prosperity in the recent period, as official data stated, a total of 58,576 homes were sold to foreign investors in 2021, while the total that was sold last February for this year reached 97,587 homes in Turkey, With an increase of 10.5% compared to January, and an increase of 20.1% compared to the same month of the previous year (2021), and with regard to the provinces that witness the highest demand by investors, Istanbul came in the first place with the highest share of home sales, which amounted to 18,752 by 19.2%, followed by the province of Ankara and Izmir.

Turkey is one of the most important countries in which Reach Immigration specializes in offering the citizenship by investment program, as it provides the opportunity for investors and their families to obtain Turkish citizenship in a short period of time by purchasing a property in any city in Turkey for an amount of at least 250,000 USD, as the Turkish passport gives you Freedom of movement to more than 114 destinations around the world according to the classification of the Reach Immigration Passport Index. You can visit the Reach Immigration website here to learn more about the program’s features, benefits and the important information you need.

 

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