The Regulation on the "Amendment of the Regulation on the Implementation of the Turkish Citizenship Law" was published in the Official Gazette on the 13th of May 2022. 13th of June 2022 as its effective date , the lower limit of 250,000 US dollars for the acquisition of Turkish citizenship through real estate investment will increase to 400,000 US dollars.
As of the effective date, in order for foreigners to acquire citizenship through real estate, it is required that the value of the real estate must be at least 400,000 USD or in foreign currency equivalent. The purchased immovable must be registered with the annotation stating that the preliminary sale agreement regarding the transfer of condominium ownership or construction servitude, for which the equivalent amount of foreign currency is deposited in cash and signed in the presence of a notary, and will not be cancelled/ sold for a period of 3 years, at the land registry .The current lower limit of 250,000 US dollars will continue to be valid until the 12th of June 2022. As of 13th of June 2022, if the above-mentioned conditions are met, foreigners will be entitled to acquire Turkish citizenship.