Türkiye tightened the requirements for a residence permit when buying real estate

In Turkey, on October 16, the minimum amount necessary for obtaining a residence permit (residence permit) has increased when buying real estate: from $ 50-70 thousand to $ 200 thousand. This was reported by RBC-Real Estate with reference to the representative of the local company Mayalanya, which received an official notification from the Main Directorate of the Migration Service of the country. The information was confirmed by the International Real Estate Broker Tranio and the Turkish media .

Previously, for the design of a residence permit, foreigners could buy real estate in the amount of $ 75 thousand in Istanbul, Ankara and Antalya or $ 50 thousand in other settlements.

Since 2022, the Russians, when many of them were forced to leave the country due to a full-scale invasion of the Russian Federation to Ukraine, as The Insider wrote , leads in the demand for real estate in Turkey among foreigners and moving to permanent residence to this country.