According to the recent statement of The Ministry of Internal Affairs, it was announced that the minimum investment for Turkish Citizenship Investment Program’s Real estate will be increased from US $250,000 to US $400,000. The decision was taken at the Presidential Cabinet Meeting held on the 13th of April 2022
In addition, a notation will be made that the Individuals who wishes to seek citizenship should not sell his or her residence for a period of three years.
According to the news, the government intends to change paragraph 2, Clause B of the 20th article of the Regulation on the Implementation of the Turkish Citizenship Law, to raise the minimum amount for the real estate option. After the revisions are published in the Official Gazette in the following days, the new rules will take effect.
However applicant and practitioners are still waiting to learn whether and to what degree the changes will affect investors who have already made their property purchase at prevailing but who await their deed transfer or who are still in line to submit their citizenship application.