Understanding Property Ownership Regulations for Turkish Citizenship
No, if you are applying for Turkish citizenship through real estate investment, you should not sell your property before three years have passed. Here are the essential points regarding this regulation:
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Three-Year Holding Requirement:
The Turkish government imposes a condition that requires property owners to retain their investment for a minimum of three years after the acquisition. This rule is designed to ensure that the investment remains in the country and contributes to the economy. -
Consequences of Early Sale:
Selling your property before the three-year period can result in the loss of your citizenship application or revoke your granted citizenship. This is a critical aspect to consider when planning your investment. -
Legal Implications:
The condition of not selling the property is clearly stated in the title deed (Tapu) as part of the citizenship application process. It's essential to comply with this regulation to avoid legal complications. -
Long-Term Investment:
While this requirement may seem restrictive, it emphasizes the importance of making a long-term investment in Turkey's real estate market. Many investors find that holding onto their property for three years provides valuable opportunities for appreciation and rental income.
Understanding these regulations is crucial for anyone considering Turkish citizenship by investment, ensuring that your investment aligns with government requirements.