Türkiye (Turkey)

Yes, with limits. Foreign individuals may acquire real estate anywhere private property is permitted, up to 30 hectares per person. They may not acquire property within prohibited military zones or military security zones (and need governor's-office permission in special security zones). Total acquisition by foreign individuals may not exceed 10% of the total district area where private property is allowed.

as of 2026-03 · source (opens in a new tab)

Turkish citizenship for a USD 400,000 real estate investment held for 3 years (threshold set since June 2022, raised from USD 250,000). Under Article 20 of Turkish Citizenship Regulation No. 5901, the investor buys one or more qualifying properties totalling USD 400,000+; a no-sale restriction annotation is registered on the title deed for three years; valuation must be confirmed by an SPK-licensed independent appraiser; payment must go through the Turkish banking system. Spouse and children under 18 are included at no additional investment; parents are not eligible. There is no residency requirement, language test, interview, or minimum stay. Processing typically 3–12 months (6–12 months is a realistic planning assumption). After year three the annotation is removed and the property may be sold freely — citizenship remains permanent.

as of 2026-05 · source (opens in a new tab) · as of 2026-06 · source (opens in a new tab)

Visa-free or visa-on-arrival access to roughly 110–138 countries (sources vary). Turkish citizens can obtain a 5-year C-2 Schengen visa (90 days in any 180), but that is a visa — not Schengen free movement. Türkiye is not an EU member; the passport does not confer EU residence or work rights. Critically, Turkish citizenship confers eligibility for the US E-2 investor visa — a strategic gateway available to very few CBI passports, and a genuine reason investors from countries without an E-2 treaty (notably India and mainland China) pursue this route.

as of 2026-06 · source (opens in a new tab)

Gross yields are commonly placed in a 4–7% range, but Turkish yield figures are unusually unreliable because of severe currency instability. Nominal lira rents and prices have risen dramatically; the meaningful question for a foreign investor is the USD-denominated return, and clean USD yield series are scarce. Commentary citing '15–25% annual price growth' refers to lira prices during high inflation — it is not a USD return and should not be underwritten as one.

as of 2026-07 · source (opens in a new tab)

Practitioners report that roughly one in five applications is derailed by operational failures — ineligible properties, valuation timing errors, three-year holding enforcement, and documentation gaps. This is a strict regulatory compliance process, not a brochure purchase. The investment threshold has already risen once (USD 250,000 to USD 400,000 in June 2022), and further increases remain a political discussion risk.

as of 2026-05 · source (opens in a new tab)

Türkiye's parliament has passed legislation introducing a 20-year exemption from income tax on foreign-sourced earnings for qualifying new residents. As reported mid-2026, the law was awaiting presidential promulgation. If enacted as described, it would be highly competitive for HNWIs — but it concerns foreign-sourced income for new tax residents, not a property tax exemption, and it was not yet confirmed as in force. Verify current status before relying on it. Rental income from Turkish property remains taxable in Türkiye under progressive income tax; specific rates should be confirmed with a Turkish tax adviser.

as of 2026-06 · source (opens in a new tab) · as of 2026-03 · source (opens in a new tab)