According to news reports coming out of Turkey, the Country’s Cabinet has agreed to raise the minimum investment requirement for its Citizenship by Investment Program’s real estate option to USD 400,000 from USD 250,000. The new rules will likely be announced and go into effect in the next few days.
Turkey offers several routes for Citizenship by Investment including depositing funds into a Turkish bank and investing in Turkish Investment funds however the real estate option has traditionally seen the most demand. You can read more about the different routes in our Turkish Property and Citizenship Guide. The increase once implemented will make the Turkish Citizenship by Investment real estate option more expensive than that of some European countries like Portugal and Greece.
Turkey is going through significant pain on the economic front and foreign investors can get incredible properties at a bargain. To get more information & assistance, please submit the form below and our Ankara office will get in touch with you at the earliest.
