Residence Permit with Rental Agreement Ended in Turkey!

According to the new statement of the Ministry of Interior, Directorate of Migration Management, rental agreements will no longer be valid for residence permit applications made with real estate investment.

As a result of the new regulation, the sales price of the real estate to be used in residence permit applications must be at least $75,000 in cities with metropolitan status and $50,000 in cities without metropolitan status.

For real estates purchased after 27 April 2022, it has been decided that both the appraisal report and the real estate sales price (the price shown in the deed) should be at least 75,000 USD in metropolitan cities.

In cases where the appraiser's report is over $75,000 but the title deed value is below this amount, residence based on title deed will no longer be granted.

Persons who received their title deeds before April 27, 2022 will be exempted from this new regulation.