Turkey raises the value of property eligible for real estate residency

Informed sources in the Turkish Immigration Presidency indicated that there is a new decision regarding those wishing to obtain real estate residency in Turkey, given that real estate residency is one of the easiest ways to be able to reside in Turkey.

In major 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 major 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.

We, at Imtilak Real Estate company, indicate for those wishing to obtain real estate residency that the real estate appraisal report should be equal to the aforementioned minimum to ensure the issuance of real estate residency.

Edited by Imtilak Real Estate ©

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