Wednesday, 15 May 2013

Residence permit rules have been changed for foreign property buyers

A new legislation have been approved by the President of Turkey Abdullah Gül and published in the Official Gazette of the Republic of Turkey which is the national and only official journal of the goverment that publish the new legislation and other official announcements.

According to the legislation; Foreigners can have minimum 1 year residence permit when they buy a property in Turkey. The permit will be extended as long as the foreigners keep the property and do not sell it.

At the end of 8 years, the property owner will be entitled to have permanent residence permit.

Source: official gazette link

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