Activity

Property Investment and Citizenship

Citizenship by investment in Turkey The government have reduced the minimum required property spend by to $250,000.


Why the change?

The government hopes the move will push Turkish property sales to foreigners from their current $4.6 billion to $10 bn in the initial stage, and generate an annual $20bn from next year.

 

Data shows the average foreign buyer spends $177,000 on a Turkish property, so this move means there will be greater interest from the middle of the investment sector, and the $250,000 will encourage buyers to spend a little more.

Buyers will need to pay a minimum of the equivalent of $250,000 in Turkish Lira and pledge to keep the property for 3 years.

 Q & A


Question: How does citizenship application process work in Turkey?

Answer: When you buy properties valued above 250.000 USD, you apply to (Tapu Office) General Directorate of Land Registry and Cadastre to obtain Turkish Citizenship. This application is sent to the Ministry of Environment and Urbanization. Appraisers  check and verify the value of the properties to check that it is more than 250.000 USD . The Ministry then places the statement (satılamaz şerhi) on title deed(s) that you may not sell it for 3 years. They send the application finally to General Directorate of Population and Citizenship Affairs. You are invited for final signatures to get to get your documents.

 

·         Q: Shall my family get Turkish Citizenship?
A: Yes. You, your wife (or husband) and all your children under age of 18 (on the application date) may get citizenship.

·         Q: Should I buy one property above 250.000 USD or can it be multiple?

A: You can buy several  properties which  total more than 250.000 USD. You need to apply at the same time for all.

·         Q: What is the responsibility of Ministry of Environment and Urbanization?

A: The ministry verifies if the value declared on Title Deed is correct and above 250.000 USD with sworn appraisers.  

·         Q: How should I calculate the exchange rate of USD and TL?

A: On the application date, The Tapu Office calculates the value from Turkish Central Bank selling rate

·         Q: How long does this process take?

A: It should take between 3 to 6 months

·         Q: May I buy commercial properties with rental income and get Turkish Citizenship by investment?

A: Yes, any property you buy is counted.

·         Q: I do not have time to come to Turkey. How can I get Turkish Citizenship?

A: If you set up a power of attorney, we can process all of the paperwork  from the begin until the end.

·         Q: How many people may apply for on one Title Deed?

A: Only one person and his/her family

·         Q: I bought property in Turkey previously. May I apply for citizenship now?

A:  Only  Title deed applications (at Tapu Office) after 20.09.2018 is valid for the new rules to obtain Turkish citizenship by investment.

·         Q: Which nationalities may apply for Turkish passport?

A: All nationalities who buy property in Turkey, may apply for Turkish citizenship by investment.

·         Q: Do my mother and father obtain citizenship in Turkey? What about my child above 18 years old?

A: No this is not allowed

·         Q: I have an invalid (disabled) child above 18 years old? What about his/her situation?

A: Your child who is incapable of taking care of him/herself, they become Turkish citizens with their parents with special application documents proves their situation.

Required minimum investment limits for the citizenship programme are as follows:

·         Real Estate Investment  $250,000

·         Bank Deposit                  $500,000

·         Capital Investment         $500,000

 We hope the following information helps, if you require more details please email us on denise@angelsturkey.com

Testimonial Style 03

  • I would like to express my thanks to Angel Homes in helping me find my dream property in Turkey.  From the initial enquiry with Donna right through to the purchase of the apartment and after sales I found both Donna, Emin and every member of the team both extremly helpful and Professional.

    On my further visit to Turkey I then purchased a villa through Angel Homes as an investment property and they are now renting these properties for me an investment return.

    I have no hesitation in recommending Angel Home if you are thinking of purchasing a property.  They will put every effort in for you and continue to do so after purchase. 100% trustworthy.

     

    Aamir Munner

    Bournemouth

    November 2017

    Excellent Team and Customer Service

  • I wanted to take this opportunity to send you an email to let you know how we appreciate the way in which Angel Homes has carried out the sale of our property.

     When we decided to sell our holiday villa, I viewed several estate agents in and around the area of Hisaronu. I was  very impressed with the shop front of Angel Homes at the beginning of the strip. The position of the office is ideally located to passing tourist.  I was greeted by Halley and I thought  she was  extremely friendly, professional  and approachable to deal with.  Upon valuation we agreed terms and conditions and both parties were happy to proceed. At that point I felt Angel Homes were the right agent for us to deal with in order to sale our holiday home.  

     Halley and Donna were able to find a suitable buyer for the property very quickly.  Donna was extremely professional with the way she handled the power of attorney and organised the legal side of the sale.

     From advertising the villa in September to completion it took approximately 8 weeks which is fantastic.  As we followed all the procedures that Angel Homes instructed there was minimal hassle or stress.

     We have found that Angel Homes have been extremely professional. We will definitely be recommending Angel Homes to all our friends and associates with properties in and around this area.

     Thank you very much for all your hard work and great team effort.

    Barry Coleman 

    Sold within 8 weeks

  • We have been coming to turkey for over 14 years and had had property there for almost the same length of time.

    We have recently had a new property built by Angel Homes and maintained by them for over three years now.

    Angel Homes have taken all the worry out of owning a property and making sure that when we come to Turkey we do nothing but enjoy ourselves. 

    That could be from the excellent way that they maintain and look after the property to the great times we have when we are with them at one of their facilities.

    All in all the best place to be in the world and the best people to be looked after by.

     

    Tom & Wendy Fuller (Kent UK)

    Fantastic builds with high quality finish

  • Thank you  for selling  our apartments, we cannot thank you all enough, for your support, from  day one, we would like to thank Hayley for her kind support  nothing  was to much trouble, we would recommend  Angel homes first  class ,we wishes you  all the best for the future, 

    Chris and Colin - Bristol  uk August 2018.

     

    CANNOT THANK YOU ENOUGH

  • Review from M swift

     Angels carried out the exchange on my apartment sale this June in two days, very impressive and well coordinated, many thanks to Emin & Donna

     Regards

     Mark

     

     

    Thank you for selling my apartment ,very professional service