Turkey remains a popular destination for international property buyers,and a holiday home in a vibrant, strategically located country for a temporary stay. Purchasing real estate is one of the most conventionalpaths to residency—but now that new rules came into effect on October 16, 2023, the game has changed.

$200,000 is the New Minimum Property Value for Residency
In order to get a short-term residence permit based on purchasing realestate in Türkiye, real estate that you purchase should now be worth at least $200,000. This is significantly better than the former minimum of $75,000 for large cities and $50,000 for small cities.

This new regulation applies regardless of whether you are requesting a new permit, switching from a different type of residency, or renewing an existing one.

Key Update: Even if your official property valuation report is slightly below $200,000, as long as the whole amount is transferred by bank and covered in the title deed, your application is acceptable.
Can You Get Residency by Buying Property in Türkiye?
Yes—you can obtain short-term residence by purchasing a residential property in Türkiye if the property is valued at a minimum of $200,000. This permit is one year (renewable), though it can be issued for two years in some instances.

Processing time is generally 2–3 weeks but up to 90 days in highlypopulated areas or high application times.

Conditions for Property-Based Residence Permit
To be eligible, you must:

Purchase residential property (not commercial or land)
Pay at least $200,000, paid via a bank
Working towards a CMB-approved valuation report to substantiate the value
Be the registered owner of the property (as per the title deed)
Key: Only the owner, their legally married spouse, and children under 18 years of age can apply on this basis. The permit can be revoked if the owner leaves the country for more than a year (excluding reasons of health, education, or official duty).

Restricted Areas for Residency Applications
There are particular regions in which foreigners cannot purchase property to gain residency, either due to too many foreign residents or national security. These regions change over time, so it's very crucial to inquire of your real estate agent or attorney before you make a purchase.
Here is a recent update:
 

Istanbul Districts with Restricted Neighborhoods for Residency Permits

Avcılar:

Merkez Mahallesi

Gümüşpala Mahallesi

Denizköşkler Mahallesi

Bahçelievler:

Şirinevler Mahallesi

Başakşehir:

İkitelli OSB Mahallesi

Ziya Gökalp Mahallesi

Beşiktaş:

Yıldız Mahallesi

Beylikdüzü:

BeylikdüzüOSB Mahallesi

Beyoğlu:

Kocatepe Mahallesi

Şehit Muhtar Mahallesi

Bülbül Mahallesi

Çukur Mahallesi

Kamer Hatun Mahallesi

Kalyoncu Kulluğu Mahallesi

Yenişehir Mahallesi

Katipmustafa Çelebi Mahallesi

Bostan Mahallesi

Asmalı Mescit Mahallesi

Esenyurt:

Koza Mahallesi

Yeşilkent Mahallesi

Zafer Mahallesi

Piri Reis Mahallesi

Gökevler Mahallesi

AkEvler Mahallesi

Sultaniye Mahallesi

Bağlarçeşme Mahallesi

Fatih:

Mimar Kemalettin Mahallesi

Mesihpaşa Mahallesi

Saraç İshak Mahallesi

Muhsine Hatun Mahallesi

Balabanağa Mahallesi

Mimar Hayrettin Mahallesi

Nişanca Mahallesi

Kemalpaşa Mahallesi

Katip Kasım Mahallesi

İskenderpaşa Mahallesi

Molla Gürani Mahallesi

Molla Hüsrev Mahallesi

Akşemsettin Mahallesi

Küçükçekmece:

Beşyol Mahallesi

Küçükçekmece İkitelli OSB Mahallesi

Mehmet Akif Mahallesi

Sarıyer:

Maslak Mahallesi

Şişli:

İnönü Mahallesi

Ergenekon Mahallesi

Mecidiyeköy Mahallesi

Cumhuriyet Mahallesi

Tuzla:

Aydınlı-KOSB Mahallesi

Ümraniye:

Dudullu OSB Mahallesi

Zeytinburnu:

Maltepe Mahallesi

Yenidoğan Mahallesi

Nuripaşa Mahallesi

Yeşiltepe Mahallesi

Documents Needed to Apply
To apply, you should bring the following to your local Provincial Directorate of Migration Management:

Residence Permit Application Form
Passport or equivalent identification
Proof of funds
Compliant health coverage
Title deed (applicant name should be the same as in the title deed)
Submitting incomplete or erroneous documents might result in an application refusal; therefore, always double-check with specialists before submitting.

GainEstates Insight
Turkey's updated residency-by-investment threshold is a testament to the country's interest in city development while still luring quality foreign investment. While the barrier is higher, the hope remains bright, especially concerning rising real estate costs and growing expat populations.

Regardless of whether or not you are considering relocation or investing in Turkey, Gain Estates can connect you with interviewed agents and legal experts to navigate the process safely and effectively.