Everything you need to know and how Homes & Beyond can help
The real estate market in Turkey has witnessed a tremendous demand from foreigners because of its financial and non-financial benefits. One of these is being eligible to obtain a Turkish citizenship, which is a great opportunity for investors who are looking to make more personal and commercial investments in Turkey.
Over the years, the real estate Turkish law has evolved to accommodate foreign investors. Acquiring a Turkish citizenship benefits both the investor and Turkey’s economy through sectors such as hospitality, food and beverages, and tourism.
According to Article 20 of the regulation regarding implementation of “the Law of Turkish Citizenship” enacted in 2010, there are specific requirements for foreigners to acquire in order to get Turkish citizenship. This regulation was later amended by the presidential decree and signed by President Erdogan on 19 September 2018. The decree with number 106 was published in the official gazette and was affected since the mentioned date.
The following changes were made in the amendment text: