Foreigner Residence Permits in Turkiye:

Turkey Introduces $75,000 Minimum on Property for Foreigner Residence Permits. 

As a tourist residence permit, rental agreements previously gave foreigners the right to stay in Turkey for more than 90 days. But now, foreigners must buy a property to apply for a residence permit in Turkey. 

On the other hand, a new minimum limit was also determined for the residence permit by property investment as of April 27. According to the circular, both the appraisal report and the real estate sales price (the price on the deed) must be a minimum of 75.000 USD in metropolitan cities and a minimum of 50.000 USD in the other regions.

The requirement will apply to all districts in these cities, meaning that foreign nationals will have to buy a house from Bodrum or Fethiye, which is at least $75,000 because it is under the jurisdiction of Muğla Metropolitan Municipality.

In significant cities: $75,000

Based on the new resolution, those who want to obtain real estate residency in Turkey should note that it is required for this that the price of the property to be purchased is $75,000 and more in central states such as Istanbul, Ankara, Izmir, Bursa, Antalya, Gaziantep, Adana, and Mersin.

In smaller cities: $50,000

While the value of the property in it Turkish smaller cities must be $50,000 and upwards, in the event that the foreign investor desires to obtain a real estate residence permit in Turkey.

About Sima Real Estate:

When dealing with our clients, our mission revolves around their experience and satisfaction being the cornerstone of everything we carry out. Our philosophy is to listen to your needs, understand your demands, and then react proactively, in order to maximize the returns on your investment and the service quality you receive. Through our rich knowledge, expert guidance, support, and the ability to provide you with multiple options to choose from, we offer you the most satisfactory, hassle-free, and remarkable Real Estate experience in Istanbul by bringing to you the top developments of the Istanbul real estate market.

And this is how we support you. If you buy an apartment from us:

Free Transfer Service

Work Permit 

Residence Permit

Citizenships

You can reach it anywhere:

Taksim Square 50 minutes

Bakirkoy Square 20 minutes

Mecidiyekoy Square 40 minutes

Sultanahmet Square 40 minutes

For these reasons and more this area of ​​Istanbul is an excellent choice for those who want to buy a property for their personal use as a vacation house or for investments.