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.
