Turkey introduces new rules for the purchase of real estate for investors who participate in the state citizenship program. The changes will take effect on January 1, 2024.

The history of changes in the cost:

– Initially, the program for simplified acquisition of Turkish citizenship for investments amounted to $ 1,000,000.
– In September 2018, it was reduced to $250,000.
– On June 13, 2022, the cost was raised to $400,000.
– From the beginning of 2024, the amount will reach $600,000.

The General Directorate of Land Registration and Cadastre of Turkey has published amendments to the guidelines on the application of the Law on Turkish Citizenship.

Changes for investors

Buying a property is the most popular option of the Turkish citizenship program. To obtain a passport, applicants invest from $400,000 in residential and commercial properties in Turkey.

From January 1, 2024, new rules for the purchase of real estate for participants in the citizenship program will come into force. The minimum investment amount is maintained, but some restrictions are introduced:

– the owner of the property must be one investor. The new amendments cancel the opportunity to buy a share in the project together with other investors in order to reach the minimum entry threshold for the Turkish citizenship program.

– if the object is in shared ownership, then none of the owners will be able to apply for citizenship, even if their share is worth more than $ 400,000.

– real estate can be used to obtain citizenship only once. If the object was bought by a participant in the investment program, then another foreigner will not be able to obtain a Turkish passport by purchasing this object.

– if the buyer buys a secondary property that previously belonged to a foreigner, then it must be owned by a Turkish citizen for at least 3 years. At the same time, the first foreign owner should not be a participant in the citizenship program.

– you cannot buy real estate from a legal entity if more than 50% of the company’s shares are owned by a foreigner or a foreign shareholder is present on the board of directors.

– it is only allowed to buy several objects in the amount of $ 400,000 or more and get a Turkish passport only if the property has a TAPU ready. This is an act of registration of an object in the land registry, confirming the ownership of real estate.

– if the TAPU is not ready for the project yet, then a preliminary purchase and sale agreement, certified by a notary, is attached to the application for Turkish citizenship. At the same time, the purchase of several real estate objects must be executed in one contract.

For example, an investor plans to buy two apartments. He will be able to obtain Turkish citizenship if:

– got a TAP on both properties;

– I signed one preliminary purchase and sale agreement for 2 objects.

You can also buy an apartment with a mortgage, but on condition that the investor’s equity is at least $ 400,000 after deducting the loan amount.

The real estate appraisal report must be received no later than 3 months before signing the preliminary purchase and sale agreement with a notary.

The real estate agency “Gursoy Homes” offers to provide professional assistance
in the purchase of real estate for citizenship

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Why should you consider buying an apartment in Gazipasa?
Gazipasa is a cozy resort town on the southern coast of Turkey. Due to its location and temperate climate, this city has become popular among foreign investors.

That’s why buying an apartment in Gazipasa can be a profitable step:
1. Natural beauty and beaches
Gazipasa is famous for its beautiful beaches and picturesque natural landscapes. Buying an apartment near these natural resources will allow you to enjoy them at any time of the year.
2. Developed infrastructure
Gazipasha offers a variety of services and amenities for a comfortable stay. There are modern medical facilities, shopping centers, restaurants and cafes, educational institutions, which makes this city attractive for families.
3. Investment prospects
Real estate investments in Gazipasa have the potential for long-term value growth. The developing tourism sector and the constant demand for housing make Gazipasha an attractive market for investors.
4. Growing demand for housing
Gazipasha attracts not only tourists, but also people who have decided to settle in this beautiful corner. As the city is actively developing, the demand for housing, especially among foreigners, is constantly growing. This creates excellent conditions for investors.
5. Moderate real estate prices
While Gazipasa retains its popularity, property prices here remain relatively moderate compared to the more famous resorts in Turkey. This opens up opportunities for more profitable investments.
6. Attractive conditions for recreation
For those who want not only to invest, but also to enjoy the warm sea and beautiful beaches, Gazipasa becomes an attractive choice. The comfortable climate, clean beaches and cultural attractions make it an ideal place to relax.
Advantages of buying an apartment in Alanya

Alanya is another popular resort town on the Mediterranean coast. Buying an apartment in Alanya can be a profitable investment, bringing both comfort and profit:
1. Developed tourist infrastructure
Alanya is a tourist center with a developed infrastructure. This ensures a constant flow of tourists, which makes the purchase of housing here attractive for rent.
2. Cultural and historical attractions
The city is rich in history and cultural heritage. Here you can enjoy sightseeing tours, explore ancient monuments and museums, revealing the richness of Turkey’s cultural heritage.
3. Variety of real estate
Alanya offers a wide range of accommodation — from small apartments to luxury villas. This allows you to choose the most suitable option, taking into account the needs and budget of the investor.

How to buy an apartment in Gazipasa and Alanya?
To successfully purchase an apartment in Gazipasa or Alanya, it is recommended to follow certain steps:
1. Real estate market research: Check out the current offers on the real estate market in Gazipasa and Alanya. This will help determine your preferences and budget.
2. Consultation with real estate agents: Contact local real estate agents to get professional advice and assistance in choosing a suitable home.
3. Inspection of real estate: Inspect the selected apartments, assess their condition, location and proximity to important infrastructure facilities.
4. Document verification: Before the transaction, make sure that the documents for the property are correct in order to avoid possible problems in the future.
5. Completion of the transaction: After choosing a suitable apartment and checking all documents

Results: Why you should choose the city of Gazipasa and Alanya to buy real estate.

Gazipasa and Alanya offer many advantages for those who are considering buying a property in Turkey. The variety of offers, investment prospects, cultural heritage and beautiful nature make these places attractive to a wide range of investors.
Comparing Gazipasha and Alanya, each city has its own characteristics and advantages. Gazipasa, on the one hand, has a calm atmosphere and more affordable prices, which makes it attractive for those who are looking for a cozy resort town. Alanya, on the other hand, offers more diverse opportunities for investment and recreation, thanks to its developed infrastructure and tourist potential.

Which city to choose depends on your preferences, budget and goals. Regardless of the choice, the purchase of real estate in Gazipasa or Alanya is a step towards a comfortable life and successful investments. Make your choice in favor of meeting your real estate needs and intentions.

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Foreign citizens who do not work in Turkey invest in real estate in Turkey within the limits and amounts determined in accordance with the decision of the Presidium, as well as their spouses and children under the age of 18 can obtain Turkish citizenship. According to the latest rules adopted in 2018, foreign citizens who have purchased real estate (residential or non-residential) worth at least 250,000 US dollars, as well as their spouses and children under the age of 18 can apply for Turkish citizenship. There are no restrictions on the number of purchased real estate. As a result of making the necessary investments and collecting the relevant documents, an application for Turkish citizenship for real estate investments is submitted to the General Directorate for Population and Citizenship Affairs under the Ministry of Internal Affairs of Turkey.

To obtain Turkish citizenship by purchasing real estate, you must first register real estate worth at least $ 250,000 or the equivalent of other foreign currency in Turkish lira. The notary must have a contract drawn up with a note on the prohibition of rejection for 3 years. It should be taken into account that the transfer or renunciation of property cannot be made within a certain period of time.

Legal restrictions

The Republic of Turkey grants the right to obtain citizenship for the purchase of real estate to citizens of 185 countries, provided that they comply with the following legal restrictions:

Foreign citizens can purchase real estate up to ten percent (10%) of the area of the district. If necessary, the Council of Ministers has the right to double this limit (20%).
A foreign citizen can purchase up to 30 hectares (300,000 square meters) of real estate throughout the territory of the Republic of Turkey. If necessary, the Council of Ministers has the right to double this limit (60 hectares).
The property in question should not be located in a military or restricted area.
Payment

It is mandatory to present a receipt for all transactions. Therefore, it is important that the transaction is carried out through banks. A bank receipt confirmed by the bank, indicating that the corresponding amount was deposited by the buyer to the seller’s account, is provided at the time of application submission. It should be noted the following: the date of the receipt must be earlier than the notarization of the contract or no later than the day of conclusion of the contract. A payment receipt made after registration with a notary is invalid, since it cannot be considered a cash payment.

• foreign passport
  tax number obtained in Turkey
  photos 3×4

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