It has been a while since I started writing about turkey. In this time, I have learned one thing: turkey is the land of changing laws. So every once in a while, we have to revisit some of its laws to keep up. Here is what you should know about buying a house in Turkey in 2023.
One of the mains ways of obtaining Turkish citizenship is by purchasing property in Turkey. In 2022, you could have achieved this by purchasing a property(s) worth 250,000 USD and get your Turkish passport. Things have changed in 2023! As of April 12th 2023, you are now required to buy a property worth at least 400,000 USD to be able to obtain a Turkish citizenship.
If you want to obtain a Turkish passport, the property that you have purchased can not be sold for 3 years!
Foreigners are allowed to purchase up to 30 acres of land in Turkey.
As a foreigner, you are not allowed to purchase property in areas that are known to be a military complex.
As a foreigner, you are allowed to purchase property with loans and installments.
If you buy a property that is worth less than 400,000 USD, you can obtain up to a 2-year residence permit, which can be renewed as long as the property belongs to you.
One of the mains ways of obtaining Turkish citizenship is by purchasing property in Turkey. In 2022, you could have achieved this by purchasing a property(s) worth 250,000 USD and get your Turkish passport. Things have changed in 2023! As of April 12th 2023, you are now required to buy a property worth at least 400,000 USD to be able to obtain a Turkish citizenship.
If you want to obtain a Turkish passport, the property that you have purchased can not be sold for 3 years!
Foreigners are allowed to purchase up to 30 acres of land in Turkey.
As a foreigner, you are not allowed to purchase property in areas that are known to be a military complex.
As a foreigner, you are allowed to purchase property with loans and installments.
If you buy a property that is worth less than 400,000 USD, you can obtain up to a 2-year residence permit, which can be renewed as long as the property belongs to you.