I have an exports business and I'm looking to relocate to Turkey because of its strategic location. I see that buying property is the cheapest option to get Turkish citizenship. Is it better to buy a second-hand home or new property? Can it be land?
One of the options to acquire Turkish citizenship through investment is to invest the minimum amount of real estate required by the legislation. This may be a plot of land or a commercial or residential property. Second-hand real estate prices may be more affordable than first-hand real estate. Some important points must be considered here. The owner of the property must be a Turkish citizen, and the property must not have been used to acquire citizenship before.
Choice of property depends on preferences and budget, as second hand and new properties suffice the requirement in case their value is higher than $400k. Land purchase is not within the CBI program.
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