According to the Knight Frank consulting company, prices are expected to rise...
From January 1, 2023, Turkey will apply the new rules when acquiring real estate for the purpose of obtaining citizenship.
This year, Russians have bought every fifth residential property in Turkey. On average, citizens of the Russian Federation purchased 34 apartments in the country every day. This is due to changes in the global geopolitical climate – and attractive conditions for obtaining a residence permit and citizenship.
Turkey this year issued a residence permit for the purchase of real estate in the amount of $ 75,000. The citizenship of the country was more expensive, and the conditions for obtaining it were more complicated.
The set of updated rules for obtaining citizenship is as follows:
Conditions have changed in accordance with the high number of citizenship requests. However, it is unlikely that this will negatively affect the flow of those wishing to buy real estate here. The Turkish housing market is diverse, wide and full of attractive opportunities.
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