From October 16, 2023, new conditions for obtaining a residence permit when purchasing real estate for foreign citizens have been introduced. The minimum cost of purchased real estate has been increased. Previously, this amount was $75,000 in large cities and $50,000 in small cities. At the moment, in order to obtain a residence permit on the basis of TAPU, the cadastral value of the acquired real estate must be $200,000, regardless of the region. These conditions do not apply to those who purchased real estate before October 16, 2023.
Note that after increasing the minimum threshold for obtaining a residence permit under the right of ownership of TAPU, an increase in the minimum cost for obtaining Turkish citizenship is expected. If you were planning to obtain citizenship on the basis of investing in real estate, we advise you not to delay. The HOME AREA team is ready to help you in this matter!