: 2019-06-04 Modified date : 2019-06-11
Great news for property owners bought in Turkey before the issuance of the Turkish Nationality Law:
A new legal amendment was published in the Official Gazette in Turkey allowing the foreign investor to benefit from the properties paid for after 12/01/2017, and received its title deed after 19/09/2018 to apply for Turkish nationality; even if a former owner of the property is a foreigner, provided that the last owner is a Turkish person or a Turkish company.
With no need to show bank transfer receipts for the property purchased from public companies such as TOKİ and Emlak Konut.
As well as people who bought a $ 1 million property as of 12/01/2017 are not obliged to prove payment of their payments through bank receipts even if the purchase is from private companies.
With this new legal amendment, most real estate customers who bought real estate before the recent nationality law can apply for Turkish nationality by completing the value of up to $ 250,000 by buying new properties according to the missing amount, thus, the investor benefits from his old properties by the new law!
Source: Turk Press
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