by Dream Shell Real Estate 
What is Real Estate Valuation for Foreigners Directly Applying for Turkish Citizenship?
You can acquire the right to citizenship in Turkey in various situations. One of them is Citizenship Directly Gained by Investing. With the decision published in the Official Gazette dated 19.09.2018, foreigners who buy real estate in Turkey with a value of at least 250.000 USD and invest at least 500.000 USD will be directly entitled to become Turkish Citizens. The Ministry of Environment and Urbanization requests a “Real Estate Valuation Report” prepared by the Real Estate Appraisal Companies listed in the Capital Markets Board (CMB) Real Estate Appraisal Companies list, for the confirmation that the minimum total value of the purchased real estate / real estates is 250,000 USD. (Our company has been on the CMB’s “Real Estate Appraisal Companies List” since September 12, 2003.)
How does the application process for Turkish Citizenship work by purchasing real estate?
The request for Turkish citizenship is processed by purchasing real estate / real estates with a total value of at least 250.000 USD and applying to the General Directorate of Land Registry and Cadastre. The application is sent to the Ministry of Environment and Urbanization with the Real Estate Valuation Report confirming that the purchased real estate / real estate is at least 250,000 USD. After the examinations, the Ministry requests the TKGM (General Directorate of Land Registry and Cadastre) to establish a “cannot be sold for three years” annotation on the land registry records. After the Ministry sends the application to the General Directorate of Population and Citizenship Affairs, the process comes to the final stage. You are invited to NVIGM (General Directorate of Population and Citizenship Affairs) to obtain a Republic of Turkey Identity Card and a Passport of the Republic of Turkey.
What is the responsibility of the Ministry of Environment and Urbanization and the Real Estate Appraisal Company?
How are USD and TL exchange rates calculated?
TKGM calculates the value of the real estate in USD over the effective selling rate and/or cross exchange rate of the Central Bank of the Republic of Turkey on the date of the transaction.
What are the legal restrictions on the acquisition of real estate by foreigners?
Throughout the country, a foreign natural person can purchase up to 30 hectares of real estate and acquire limited real rights.
It is necessary to ask the authorized command by the Land Registry whether the immovable is outside of the military prohibition and security zones and to receive a positive answer for the acquisition. This procedure has been abolished in our 71 provinces whose military prohibition and security zone measurement studies have been completed.
Foreign real persons can acquire real estate and limited real rights up to 10% of the district area subject to private ownership.
Legal restrictions are not applied in the establishment of immovable pledge in favor of real persons and commercial companies with legal personality established in foreign countries according to their own legislation.
acquired in violation of the provisions of the law; determined by the relevant Ministries and administrations to be used contrary to the purpose of acquisition; in the procurements on the condition of the project, the relevant Ministry is not applied within the period or the projects are not realized within the period; immovables are subject to liquidation provisions.
Real Estate Acquisition Guide for Foreigners in Turkey:
https://www.tkgm.gov.tr/tr/icerik/yabancilarin-tasinmaz-edinim-rehberi
Regulation Amending the Regulation on the Implementation of the Turkish Citizenship Law
