Only with 200,000 dollars, get the Turkish passport

Given the economic inflation in Turkey and the devaluation of 400,000 dollars for citizenship in this country, there is always the possibility that the investment amount for property to obtain a passport will increase at any moment. This can be challenging for individuals who do not yet have the full 400,000 dollars and their capital is less than this amount! Is there can obtaining Turkish passport Only with 200,000$?

On the other hand, there are families whose children are approaching 18 and must act quickly to obtain a passport. Because once their children reach the age of 18, they are considered adults and cannot obtain passports through their parents. In such situations, what is the solution? What should these individuals do to obtain a passport? Should they give up? Definitely not!

Contrary to the misconception of many investors, it is not necessary to have the full 400,000 dollars at the time of purchasing property to obtain a passport through investment. You can purchase the property on installment. To find out how you can obtain a Turkish passport with an initial capital of 200,000 dollars and on installments, stay with us until the end of this article.

Receive a Turkish passport with a property down payment

Effective October 16, 2023, the minimum real estate valuation requirement for residency is set at $200,000 across all cities in Turkey. This updated regulation streamlines the process for investors, as there is no longer a need for a separate valuation report.
If your liquidity is less than 400,000 dollars and you think obtaining a Turkish passport through property purchase is not possible, you are completely mistaken. At hometurkie Holdings, we introduce a minimum of 10 unique projects to you, all located in the gem of Turkey, Istanbul, and the terms of their sale allow you to obtain turkish passport Only with 200,000$.

These projects are located in both the European and Asian sides of Istanbul, and you can choose one of the areas according to your taste. Additionally, some of these projects are ready for delivery and habitation, while others are still under construction or in the so-called pre-sale stage.

Obtaining turkey passport with a 200,000 dollar down payment in installment projects introduced by hometurkie has several advantages:

1. There are no restrictions on buying ready-to-deliver units or pre-sale units.
2. If you purchase ready-to-deliver units, after paying the house key deposit, you will receive the property deed and the Turkish passport.
3. If you purchase units under construction, you will receive the Turkish passport and also benefit significantly from this purchase until the project is completed and delivered.

Let us explain this with a simple example!

In a normal scenario, if you want to buy a property in a city like Istanbul on installments, you must make a 40% to 50% down payment and pay the rest in installments over one or two years according to the project’s conditions.
In this case, the property turkey deed will be handed over to you after completing the installments and you can apply for a passport once the property installments are settled.

However, in the projects introduced by hometurkie, where you can get a turkish citizenship with 200,000$, you will also receive the property deed simultaneously, and the remaining amount or property installments will be provided by the developer as a loan to buyers. The amount you pay is less than the 400,000 dollars set by the Turkish government for passports, but with the developer’s loan assistance, you can expedite the passport acquisition process.

Thus, from the outset, the property deed will be registered in your name, and you can easily obtain your passport. In the next section, we will explain the details of this method in detail for you.

Additionally, at hometurkie, we have introduced 3 projects in Istanbul for obtaining citizenship through 60-month installments. To view and obtain more information, click on the specified link.

5 important points about obtaining a Turkish passport on an installment basis

There are several important points to know about obtaining a Turkish passport through the purchase of property on installments:

– The value of the purchased property or properties must be at least 400,000 dollars

The first and most important point about obtaining a Turkish passport through the purchase of property on installments is that the value of the purchased property or properties must be at least 400,000 dollars. Whether you buy one property or two or three, the total sum of these properties must be equal to the minimum of 400,000 dollars set for citizenship or a passport.

– The proof of purchase of foreign exchange or the deed of purchase must show the figure of 400,000 dollars

The proof of purchase of foreign exchange or the deed of purchase is a type of bank document and one of the most important documents requested by the land department for applying for a Turkish passport through property purchase. This document shows that the investor has paid the property amount to the seller with their personal information and in foreign currency (dollars, euros, or pounds). One of the main conditions for obtaining a Turkish passport is that all receipts to the bank and the proof of purchase of foreign exchange must be in the figure of 400,000 dollars. As we mentioned earlier, in the installment purchase method of hometurkie projects, the developer provides the remaining number of installments as a loan to you.

In this section, the developer deposits your shortfall amount up to a maximum of 400,000 dollars into your bank account, and then you transfer this amount alongside the down payment to his account. In this way, the receipts to your account show the amount of 400,000 dollars, and the proof of purchase of foreign exchange is issued with a figure of 400,000 dollars, and you can apply for a Turkish passport without any problems.

– The property assessment sheet or expert report must show the figure of 400,000 dollars

The property assessment sheet is another important document required for applying for a passport. The property expert report includes a comprehensive report of property information, location, recent and real property photos, prices of similar properties, financial liabilities of the property, housing status, and property valuation conducted previously with the GABIM property valuation system (GABIM).

But since February 14, 2024, the GABIM system has been removed and replaced by the GEDAŞ property appraisal system (GEDAŞ). GEDAŞ is a real estate appraisal company (Gayrimenkul Değerleme Anonim Şirket) abbreviated as GEDAŞ, which was previously said to be GABIM. Keep in mind that no one can interfere with the appraisal process.

One positive point about the projects introduced by our team is the uniformity of the property assessment sheet with the 400,000-dollar citizenship figure. These properties are all new, built with the best materials, and have no problems in terms of property assessment and price evaluation.

– The process of obtaining an installment passport is slightly different from obtaining a cash passport

In general, the process of buying property on installments and buying cash property is the same. The only difference between these two methods is the agreement between you and the seller that they provide the remaining amount of the down payment up to a maximum of 400,000 dollars and you can get a foreign exchange purchase certificate with a figure of 400,000 dollars and not remain behind in the Turkish passport application process.

Please note that this is a two-way agreement and action taken by reputable and recognized Turkish developers for faster and more efficient sales of their projects. Your greatest benefit from this agreement is that with a 200,000 dollar down payment, you can apply for your passport quickly and without any hassle in the shortest possible time.

– A promissory note will be received from you for the installment settlement of the property

You may wonder how the installment settlement of the property will be and what guarantee the seller will receive from the buyer. In response to these questions, we must say that in Turkey, unlike Iran, a promissory note has a high executive guarantee. Therefore, a promissory note is received from you for the guarantee of installment payment. The promissory note has legal value, and in case of non-payment of installments, the assets of the person will be confiscated.

Conclusion

In this article, we discussed with you the conditions and methods of obtaining a Turkish citizenship with 200,000$. Currently, there are attractive projects in areas such as Küçükçekmece, Büyükçekmece, Beylikdüzü, Esenyurt and Kartal, which have very good facilities such as swimming pools, saunas, clubs, Turkish baths and green spaces.
Moreover, they have good welfare facilities and access to shopping centers and hospitals. You can buy property in these areas with a budget of 200,000 dollars and obtain your passport.

If you have any questions about these projects and how to invest in them, contact our experts right now. Remember that there is a limited opportunity for property investment with a remaining investment of 400,000 dollars, and at any moment, you may lose this exceptional opportunity due to changes in laws!