As of October 16, 2023, the minimum property purchase amount required to receive a real estate residency permit in Turkey has increased to $200,000.
This amount must be documented in official records, and the property appraisal must exceed this amount.
The minimum property purchase amount for obtaining citizenship through property purchase in Turkey remains at $400,000 and has not changed.
This adjustment has been made for the second time, following the increase in the minimum property purchase amount for residency from $250,000 to $400,000 on April 12, 2022.
According to investigations by the news section of the Window application, this information has been confirmed by the Information Unit of the Turkish Immigration Department.
Minimum property purchase price for obtaining residency.
As of October 16, 2023, the minimum amount required to purchase property for obtaining residency in Turkey has been increased to $200,000. This amount must be stated in the deed, and the property appraisal must also exceed this figure. The minimum purchase amount for obtaining citizenship through real estate in Turkey remains unchanged at $400,000.
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The law regarding those who purchased property before this date and are still in the process of obtaining residency, as well as those who currently hold property residency, has not changed for the time being.
Considering Turkey's economic growth and the increasing demand for investment and residency in this country, it is expected that these changes will play a significant role in attracting foreign investors.
Property residency in Turkey allows investors to enjoy all the privileges of a Turkish citizen without the need for permanent residency in Turkey, as well as take advantage of investment opportunities.
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