INCOME MERSIN answer
What kind of real estate is suitable for a residence permit in Turkey?
To apply for a short-term residence permit for real estate - KISA DÖNEM (B), the property must meet several conditions.
The property must be:
- residential;
- registered in the name of the applicant;
- habitable;
- used by a foreigner specifically for living, and not for rent and income generation;
- the cost of ONE residential property is not less than 200,000 US dollars in Turkish lira equivalent on the date of purchase
- be in an open area
Even if the applicant has several apartments, applications for a residence permit are submitted for one apartment at a time, with the value in the TAPU (cadastral value) being indicated as no less than $200,000 in lira at the exchange rate on the day the TAPU was issued.
This means that it is possible to buy an apartment in Turkey for less than $200,000, but such a purchase should not be considered as a basis for a residence permit based on real estate.