Turkish Residence Permit with Rental Agreement is No Longer Available
Until now, foreigners could obtain a residence permit in Turkey with a rental agreement. However, a new regulation was implemented with the decision of the Presidency of Migration Management of the Ministry of Interior (İçişleri Bakanlığı Göç İdaresi Başkanlığı). The residence permit will no longer be obtained with the rental agreement.
As a tourist residence permit, rental agreements previously gave foreigners the right to stay in Turkey for more than 90 days. But now, foreigners must buy a property to apply for a residence permit in Turkey.
On the other hand, a new minimum limit was also determined for the residence permit by property investment as of April 27. According to the circular, both the appraisal report and the real estate sales price (the price on the deed) must be a minimum of 75.000 USD in metropolitan cities and a minimum of 50.000 USD in the other regions.
So, the value of the appraisal report and the real estate sales price (the price on the deed) must be at least 75.000 USD in the big cities, such as Antalya, Istanbul, and Ankara, where foreign investors show great interest.
If the value on the appraisal report is over 75,000 USD but the title deed value is below this amount, then the deed-based residence permit will not be granted. In this case, a tourist residence permit may be issued instead.
Note: Those who received their title deeds before April 27, 2022 will be exempted from this new regulation.
We provide full assistance and legal support to foreigners in obtaining residence in Turkey with our comprehensive services and corporate lawyers. You can visit our Residence Permit in Turkey page or contact us directly.