by Dream Shell Real Estate 
The applicants are required to purchase the real estate in Turkey in the amount of at least 250.000 USD or equivalent in foreign currency or Turkish Lira, provided that an annotation of not being sold for three years is put in the land registry. Or, the promise of the sale of the immovable in Turkey, for which at least 250.000 USD or its equivalent in foreign currency or equivalent Turkish Lira, for which condominium ownership or construction servitude has been established and the amount of which has been deposited in cash, through the Promise Real Estate Sale Contract in the form of a notary public’s arrangement, and the transfer of this contract for a period of three years. and it must be annotated in the land registry with the commitment that it will not be abandoned. The criterion regarding the monetary amount can be provided with a single immovable or more than one immovable in accordance with the provisions of the law.
The commitment of the applicants to keep the immovable/immovables they have purchased for at least 3 years should be included as an additional explanation in the Title Deed and/or Notarized Sales Contract; The annotation to the land registry should be determined by the Ministry of Environment and Urbanization.
The value of the immovable(s) will be determined through an official assessment by valuation companies announced by the Banking Regulation and Supervision Agency (BDDK). In the Real Estate Valuation Report, the value of the property(s) must be at least $250,000. (The issue date of this Immovable Valuation Report must be at most three months prior to the date of citizenship application. The said valuation report will be considered valid until the transaction is completed.)
The sale price of the immovable(s) will be paid to the seller via bank transfer. This transaction between the buyer and the seller’s account will be documented with a bank receipt for proof.
The officially declared value of the relevant immovable(s) must be at least $250,000 at the time of notarized sale/preliminary sale contract and/or transfer of ownership to the Land Registry Office. The effective selling rate and/or cross-exchange rate of the Central Bank of the Republic of Turkey on the date of determination is taken as a basis in determining the monetary value of the immovable/immovables.
The immovable(s) subject to acquisition; The foreign person must not be registered in the land registry on behalf of any foreign real person, including his/her spouse and children, or it should not be one of the immovables transferred by the foreign person, his/her spouse, children or any foreign real person after 12.01.2017. In addition, the immovable subject to the acquisition must not be one of the immovables registered in the name of the company of which the foreign real person to be acquired is a partner or manager.
In case the real estate is purchased with a mortgage loan or is subject to a mortgage in any way; In the determination of the sought value, the remaining amount will be taken into account by deducting the mortgage value from the total value of the real estate specified in the valuation study. (For this reason, it is important to cancel the mortgages that have been paid but not abandoned before the report is prepared.)
The relevant application will be sent to the Ministry of Interior, General Directorate of Population and Citizenship Affairs, Department of Foreign Affairs through the Land Registry Office of the Ministry of Environment and Urbanization.
