According to the latest regulations in Turkey, the minimum required amount for purchasing a property is set at $200,000. This new law has been implemented to control the real estate market and encourage larger investments. The price of property in Turkey varies depending on the geographical location, amenities, and type of property. However, by adhering to the minimum amount of $200,000, individuals can legally purchase property in Turkey and enjoy the benefits of ownership in the country.
According to current Turkish laws, if the property purchase amount reaches $400,000 or more, buyers can apply for Turkish citizenship. This law allows foreign investors to benefit from Turkish citizenship by purchasing property worth at least $400,000.
property purchase price in Turkey
Which type of property is good for investment in Turkey?
For investment in Turkey, purchasing residential and commercial apartments in major cities like Istanbul, Ankara, and Izmir are considered excellent options. These areas offer high returns due to rapid economic growth and high demand for rentals. Additionally, newly built projects with modern amenities and strategic locations, especially in tourist areas, can also provide profitable investments. The price of property in Turkey varies depending on the region and type of property, and factors such as access to public transportation and urban infrastructure also influence property values. Mr. Sadegh Moradi, CEO of 4K Holding, provided a detailed and expert response to this question in the Clubhouse sessions.
Is it possible to buy a house in Turkey with one billion Toman?
These days, a question that has attracted the attention of many of our fellow citizens is whether it is possible to buy property in Turkey with smaller amounts, such as one billion Toman. The answer is yes, it is possible to buy property with any amount.
In Turkey, various types of second-hand properties with different features and amenities are available in different areas. However, buying cheaper properties is usually associated with risks. One of the most important points is to carefully review the property’s documents and deeds to ensure that the property is not mortgaged (i.e., not under a bank loan). Otherwise, you may face legal issues in the future.
Another important point is that purchasing properties priced below the approved amount does not qualify you for Turkish residency. Therefore, it is crucial to pay attention to the legal value and price of the property. Additionally, cheaper properties are often located in less developed areas, and you may face limitations in terms of access to amenities and urban infrastructure.
You should pay attention to the minimum property purchase price in Turkey, as if the property’s value is below the minimum set by the Turkish government, you will not be able to benefit from legal advantages such as obtaining residency or citizenship. This minimum price varies depending on the region and type of property, and if it is below this threshold, not only will residency be unattainable, but the value of your investment may also decrease over time, and you may encounter difficulties when trying to sell it.
Another important point is to choose a property that has the potential for growth and value appreciation. This will allow you to easily sell the property at a good price if needed and convert your investment into cash. Buying very cheap properties may have low profitability and liquidity, and you might face difficulties when trying to sell them later.
Who does the minimum property purchase amount law in Turkey apply to?
The minimum property purchase amount law in Turkey applies to individuals who:
- Purchased a property before May 1, 2022, and have not yet obtained residency through it.
- Purchase a property after May.
It is important to note that these individuals must adhere to the minimum property purchase amount set by the Immigration Office in order to be eligible for Turkish residency through property purchase.
Additionally, individuals who purchased a property before May 2022 and have obtained residency through it, can renew their residency regardless of the price they paid for the property.
Is the minimum purchase amount determined based on the date of the title deed, the amount paid, or the date of the residency application?

None! Those who purchased property before May 1, 2022, but did not obtain residency with it, are not subject to this limitation. However, those who purchase property after May 1, 2022, are subject to this restriction.
Therefore, May 1st is the date of implementation, not the date of inclusion. This means that individuals who purchase property after May 1st must adhere to this limitation.
If you purchase a property at a price lower than the specified amount, make sure to avoid repeatedly renewing your residence permit and ensure you don’t fall under the minimum property price limitation.
Does the expertise value also need to be above the minimum property purchase amount specified?
To answer this question, we must say no, the minimum property purchase price in Turkey is not based on the bank receipt or the appraisal value (expertise).
The key factor is the amount stated on the deed (official transaction price). Currently, the appraisal value is not mandatory for residence permit applications, but this might be required in the future. For now, this law is only applicable to citizenship applications. What is important is that if sellers continue to show a lower amount on the deed to avoid taxes, you will not be able to obtain a residence permit.
What is property appraisal or expertise for purchasing property in Turkey?

An appraisal report or property expertise is a comprehensive description of the property’s condition, location, amenities, and size, prepared by a government-approved expert in Turkey. This report is created based on precise criteria and evaluates the property’s value, providing both the seller and buyer with necessary information about the status and worth of the property. The certified report is given to the property owner, with another copy submitted to the government.
What role do property appraisal and currency conversion certificates play in the new process in Turkey?
Currently, neither of these documents is required for residency applications. However, since processes and regulations may change in the future, it is advisable to always seek and review the most up-to-date information in this regard. Additionally, if you plan to register the deed, both of these documents should be used, and the currency certificate amount must match the amount stated on the title deed (Tapu).
After currency conversion, even if the bank transfer amount is lower, you must still provide the currency conversion certificate and the payment receipt when registering the deed. However, for residency applications, these documents are not required, but it is still recommended to always stay updated with the latest information on this matter.
What is the criterion for determining whether a city is considered large or small when purchasing property in Turkey?

According to an inquiry made with the official immigration information center (number 157), the criterion for determining large and small cities in Turkey is based on the presence of the word “Büyükşehir” at the end of the city’s name.
This means that cities with the term “Büyükşehir” in their name are considered large cities, and their centrality is crucial for living, business, and economic activities.
In contrast, the suburbs of these cities are considered small cities.
It is clear that this criterion for determining large and small cities in Turkey is not based on the population or area of the cities. For this reason, many people in Turkey and even some unofficial sources believed that large cities were determined solely based on these two factors.
Is it enough that 157 states it, or must it be published in the official newspaper for it to be enforced?
This is not a law that needs to be approved by the Council of Ministers or the Parliament and later published in the official newspaper; rather, it is a change in the implementation process of the law. 157 is an official reference, similar to the Immigration Office’s website, meaning it is credible and reliable.
The law assigns the details to the relevant authorities and states that residence will be granted upon purchasing property. The Immigration Department can change the implementation processes based on current conditions. Therefore, the assumption that it cannot be enforced because it has not been published in the official newspaper is incorrect. Legal changes are published in the official gazette, not the implementation processes and instructions for how the law is executed. Therefore, the announcement from 157 is considered an official statement, similar to being published on the Immigration Office’s website.
Is it possible to obtain residency by combining two or more properties to reach the minimum specified amount, similar to the citizenship law?
No, in residency cases, combining multiple properties to reach the minimum specified amount is not allowed. The official value (the amount on the title deed) of a single property, which is related to your place of residence, must be equal to or greater than 200,000 USD according to the law.
Who can obtain short-term residency on real estate?
Residence permit applications by foreigners who own real estate: The property must be used as a place of residence. In cases where family members have joint ownership or have jointly resided in the residence, family members can also apply for a residence permit under this provision.
For family members who do not have joint ownership, real estate can only be used as a basis for determining financial sufficiency.
List of 30 metropolitan cities in Turkey

← Cities where the minimum property purchase price for obtaining Turkish residence must be $75,000 →
Şehir İsmi | Kürek çekmek |
---|---|
Adana – Adana Büyükşehir Belediyesi | 1 |
Ankara – Ankara Büyükşehir Belediyesi | 2 |
Antalya – Antalya Büyükşehir Belediyesi | 3 |
Aydın – Aydın Büyükşehir Belediyesi | 4 |
Balıkesir – Balıkesir Büyükşehir Belediyesi | 5 |
Bursa – Bursa Büyükşehir Belediyesi | 6 |
Denizli – Denizli Büyükşehir Belediyesi | 7 |
Diyarbakır – Diyarbakır Büyükşehir Belediyesi | 8 |
Erzurum – Erzurum Büyükşehir Belediyesi | 9 |
Eskişehir – Eskişehir Büyükşehir Belediyesi | 10 |
Gaziantep – Gaziantep Büyükşehir Belediyesi | 11 |
Hatay – Hatay Büyükşehir Belediyesi | 12 |
İstanbul – İstanbul Büyükşehir Belediyesi | 13 |
İzmir – İzmir Büyükşehir Belediyesi | 14 |
Kahramanmaraş – Kahramanmaraş Büyükşehir Belediyesi | 15 |
Kayseri – Kayseri Büyükşehir Belediyesi | 16 |
Kocaeli – Kocaeli Büyükşehir Belediyesi | 17 |
Konya – Konya Büyükşehir Belediyesi | 18 |
Malatya – Malatya Büyükşehir Belediyesi | 19 |
Manisa – Manisa Büyükşehir Belediyesi | 20 |
Mardin – Mardin Büyükşehir Belediyesi | 21 |
Mersin – Mersin Büyükşehir Belediyesi | 22 |
Muğla – Muğla Büyükşehir Belediyesi | 23 |
Ordu – Ordu Büyükşehir Belediyesi | 24 |
Sakarya – Sakarya Büyükşehir Belediyesi | 25 |
Samsun – Samsun Büyükşehir Belediyesi | 26 |
Şanlıurfa – Şanlıurfa Büyükşehir Belediyesi | 27 |
Tekirdağ – Tekirdağ Büyükşehir Belediyesi | 28 |
Trabzon – Trabzon Büyükşehir Belediyesi | 29 |
Van – Van Büyükşehir Belediyesi | 30 |
Finally, when buying property in Turkey, paying attention to the minimum property purchase price is very important. This minimum price varies depending on the type of property and the region, and it is particularly significant for those seeking Turkish residency or a reliable investment. Purchasing property below the minimum price could result in losing benefits such as obtaining Turkish residency through property purchase, and could also negatively affect the investment’s return. Therefore, choosing a property with the appropriate value and in accordance with the law can be a smarter investment.
Experts and legal consultants of Turkey, along with immigration lawyers at 4kgroup Holding, are proud to offer top-notch consulting services to our dear compatriots, relying on their extensive legal and immigration knowledge as well as their valuable years of experience.