Turkey Implements Residence Permit Increases: Minimum Real Estate Investment Raised to $200,000 In a recent development, the Turkish government has implemented significant adjustments to the criteria governing the acquisition of a residence permit through real estate transactions within the country. These revisions particularly impact short-term residence permit increases in Turkey and are applicable to...
New Law-Transforms the Tourism Rental Landscape in Antalya and Alanya In recent news, Antalya and Alanya are witnessing a significant change in the real estate and tourism sectors, thanks to a newly enacted law that regulates the rental of housing for tourism purposes. The impact of this law has garnered attention from industry representatives and is set to transform the way properties are rented for...
Real estate notary sales are now possible in Turkey. According to new legislation, Turkish notaries may now handle real estate transactions in addition to working with land registry offices. An important part of the Turkish economy is the real estate industry. It accounts for around three million of the 15 million transactions that Turkey's land register offices handle annually. Yet, the increased...
Understanding the Turkish Condominium Law: Rules and Regulations for Keeping Household Pets in Residential Complexes In the vibrant and culturally rich land of Turkey, where traditions blend seamlessly with modernity, one aspect of life that has gained prominence is the love and care for our furry companions. The relationship between humans and their pets transcends boundaries, making them an integral...
Understanding Turkey's New Compulsory Earthquake Insurance (ZAS) "Compulsory Earthquake Insurance" ZAS is a type of insurance in Turkey that covers damages to buildings caused by earthquakes. The purpose of this insurance is to provide financial protection to property owners against the effects of earthquakes. ZAS was introduced as a replacement for the "Turkish Catastrophe Insurance Pool" (DASK),...
The Progression of the Relaxation of the Rules The Turkish real estate market didn't originally allow international purchasers until 2002. However according to the "reciprocity clause," only inhabitants of nations that granted Turkish citizens reciprocal rights, such as Britain, Germany, and the Netherlands, were permitted to own property, and they were only permitted to do so in a select few zones. The...
Restricted Areas for Residence Permit Applications in Turkey Living in Turkey as a foreigner can be an exciting prospect, but it comes with its own set of challenges, particularly when it comes to securing a residence permit. The Turkish government, to strike a balance between local and foreign populations, has implemented restrictions and Restricted Areas for Residence Permit Applications in certain...
