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Türkiye has tightened the requirements for residence permits when purchasing real estate

The minimum amount required to obtain a residence permit (residence permit) when purchasing real estate is being increased: from $50–70 thousand to $200 thousand. Previously, foreigners could obtain a residence permit in Turkey when purchasing real estate worth $75 thousand in Istanbul, Ankara and Antalya and $50 thousand in other cities. Now the minimum amount has increased to $200 thousand in all cities of the country. “In this case, only one property will be taken into account. The new rules will not affect those who received a certificate of title to housing (TAPU) in the period from April 26, 2022 to October 16, 2023,” said Mila Grebenshchikova, Deputy Chairman of the Board of Directors of Mayalanya Group

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