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Increase in Minimum Property Price for Real Estate Residency in Turkey - New 2023 Regulation Implementation

A new decision regarding real estate residency in Türkiye

Last Updated: 2023-10-21
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A new decision regarding real estate residency in Türkiye

Sources from the Turkish Immigration Presidency reported that there is a new decision regarding those wishing to obtain real estate residency in Turkey.  Real estate residency allows real estate owners to reside in Türkiye.

 According to the new decision issued on 10/16/2023, individuals wishing to obtain real estate residency in Turkey must be aware that the price of the property they wish to purchase must be at least 200 thousand dollars, according to the Central Bank exchange rate.

 It is worth noting that the real estate evaluation will not be relied upon as it was in the past to obtain real estate residency, but only the price registered in the land registry will be relied upon.

 For more information, please contact the Marsa Real Estate team.

 Editing by Mersat Real Estate team
 Source: https://goc.gov.tr

Last Updated::2023-10-21

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