Until now, foreign buyers could get a residence permit in Turkey with a rental agreement. However, a new regulation was implemented with the decision of the Presidency of Migration Management of the Ministry of Interior (İçişleri Bakanlığı Göç İdaresi Başkanlığı). The residence permit will no longer be obtained with the rental agreement.
As a tourist residence permit, rental contracts previously gave foreigners the right to stay in Turkey for more than 90 days. But now, foreigners must purchase real estate to apply for a residence permit in Turkey.
On the other hand, a new minimum limit was also determined for the residence permit by real estate investment as of April 27, 2022. According to the new regulation made on October 16, 2023, in order to obtain a residence permit in Turkey by owning real estate, the property worth increased to 200.000 USD instead of 75.000 USD.
So the sales amount must be above 200.000 USD in all documents, both on the appraisal report and the title deed. The residence permit will not be given to the foreigner if even one of the sales amounts is below the determined prices. The property also has to be a house or an apartment to obtain a residence permit in Turkey.
Tekce Overseas provides full legal support to foreigners in obtaining residence in Turkey with our comprehensive services and corporate lawyers. Visit our Residence Permit in Turkey page for more information about documents, procedures, and conditions.