This amendment, made with the President's decision numbered 5554 published in the Official Gazette the previous day, will enter into force on June 13. In 2018, this price was $1 million.
PROPERTY VALUE INCREASED TO 400,000 DOLLARS FOR CITIZENSHIP
It was announced that this price, which was reduced to 250,000 dollars over time and caused reactions, is increased to 400,000 dollars after the cabinet meeting on April 14, but no steps have been taken so far. In order to benefit from this application, the purchased immovable must have an annotation that it cannot be sold for 3 years in the title deed. In addition, it is requested to obtain a document from the notary public that the transfer and cancellation cannot be made for 3 years.
THE FIRST CHOICE OF FOREIGNERS MEDITERRANEAN
Housing prices, which have become cheaper in foreign currency with the depreciation of the Turkish Liras (TL), seem much more advantageous for foreign customers compared to many countries. Real estate consultant, Devlet Turkmen, said that the Mediterranean is the first choice of foreigners.
RUSSIANS CONCENTRATE REAL ESTATES IN MERSIN AND ALANYA
Real estate adviser Devlet Turkmen said, “The war between Russia and Ukraine caused many people to leave their country. Foreigners in these two countries, where Turkey hosts the most tourists, have started to look for houses in our country. The demand, which has been in the past years, has reached the highest level this year. Another important situation is that housing prices are more advantageous for foreigners compared to other countries. This advantage continues despite the recent increases in housing prices. This year, most of the Russian investors concentrated on buying housing in Mersin and Alanya.”