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Turkey’s Real Estate Option Set to Increase to $600,000 in 2024

Mark Damsgaard

Mark Damsgaard

Founder of Global Residence Index

Last updated: December 19, 2023

As nations worldwide continue to refine their citizenship by investment programs, Turkey emerges in the latest headlines with a significant update. Unconfirmed reports are indicating a potential rise in the minimum investment for Turkey’s real estate option, from the current $400,000 to a substantial $600,000, planned for 2024.

This update, sourced from prominent Turkish news outlet T24 and various local papers, comes as the third major price revision since the program’s inception in 2017. Initially, the program demanded a hefty $1 million investment, which was drastically reduced to $250,000 in 2018 and later adjusted to $400,000 last year.

The reported increase is not yet backed by an official statement, as attempts to verify the news through the Directorate of Immigration Administration remain unconfirmed.

At Global Residence Index, we stand ready to assist our clients in navigating these changes. We offer tailored services to find the right real estate that meets all requirements, ensuring a seamless process toward achieving Turkish citizenship.

If you wish to secure Turkish citizenship at the current $400,000 investment threshold, we invite you to contact us.

Contact us at Global Residence Index to explore how these changes might affect your investment plans and to discuss the best strategy moving forward.

 

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