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New Regulations for Obtaining a Residence Permit Through Real Estate Investment in Turkey According to the new decision made by the Ministry of Internal Affairs, the “B” type residence permit for those who own real estate in Turkey must be worth 200,000 USD in Turkish Lira (TL), based on the Central Bank foreign exchange sales[…]
Read MoreWhat is the Difference Between a Condo and Co-Op? Condominiums (condos) and housing co-operatives (co-ops, construction servitude in Turkish Law) seem very similar. Generally, both are apartments within a multi-unit building. The difference lies in the ownership structure. When you buy a condo, you receive a deed and own an individual unit along with undivided interest[…]
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Real Estate Acquisition by Foreigners Property Valuation in Turkey | Real Estate Appraisal Report In order for foreigners to own real estate in Turkey, it is imperative that the real estate they purchase be subject to the valuation process by valuation companies licensed by the Capital Markets Board before the title deed transfer process…
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The Obligation of Foreign Investors to Exchange Foreign Currency FREQUENTLY ASKED QUESTIONS There has been a new requirement to exchange foreign currency from the Turkish Central Bank with related regulations such as Article 13 of the “Capital Movements Circular of the Central Bank of the Republic of Turkey”, “the Regulation on the Implementation of the[…]
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