Foreigners are allowed to acquire Turkish citizenship only if they meet the conditions in the relevant laws.
With the last amendment made on September 18, 2018, it has been made possible to acquire Turkish citizenship of foreign nationals who have purchased real estate with a minimum amount of USD 250.000. The purchase of the property must be determined by the Ministry of Environment and Urbanization. It is also required to include annotation not to sell for three years.
For the purpose of benefiting from this regulation, a valuation report prepared by a real estate appraisal company which is approved by CMB (Capital Market Board) is needed. Valuation of the real estate should be prepared in accordance with the international valuation standards.
İGD (İstanbul Gayrimenkul Değerleme) is providing services in all of Turkey since 2005 and İGD has the authorization of both the CMB (Capital Market Board) and BRSA (Banking Regulation And Supervison Agency )
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