Residence permit
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Real estate in Northern Cyprus (Turkish Republic of Northern Cyprus or TRNC) is a popular investment destination among citizens of Europe. Not least among the factors are low taxes on the purchase and maintenance of property and Northern Cyprus being isolated in the banking sector, which allows not disclosing information about clients’ money...
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It is quite easy for owners of local property to acquire a residence permit in Northern Cyprus (Turkish Republic of Northern Cyprus, TRNC). This can greatly facilitate life and make your stay on the island more comfortable. Moreover, the TRNC offers the opportunity to obtain a residence permit even if you rent a property. In this article, we will...
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Real estate in Turkey, including Northern Cyprus, is popular among buyers from around the world. When calculating how much a purchase will cost, people often take into account only the price of a residential property. However, almost every step of acquiring real estate in the Turkish Republic of Northern Cyprus (TRNC) involves certain costs. Here...
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The year of 2022 was impressive not only in terms of some numbers in the residential property sales (for example, December had been the second best month since the end of 2020 with more than 180,000 lots sold). This year will be even more memorable for real estate market players due to the high demand for housing from foreigners as well as a...
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We already discussed the specifics of purchasing real estate in Turkey. Particularly regarding the new housing evaluation regulation, taxes and driver's licences. Today, we will discuss a few noteworthy issues that affect people who remain in Turkey permanently not as tourists but rather under the terms of a residency permit. Content: How to...
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Almost a year has passed since numerous Russian Federation nationals speeded up their relocation to Turkey due to political events. One rented a house, and one rushed to complete a long-planned purchase, and all for a good reason: prices on average for 2022 increased by 180% across the country. We discuss the changes that have occurred in the last...
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Turk Estate regularly posts information on price trends in various cities and regions of this country to help you navigate real estate purchasing. Our readers are particularly interested in new developments concerning application for a residence permit and the details of everyday life in Turkey, particularly now, when the current events have taken...
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2022 will be an unforgettable year for many investors in real estate in Turkey due to the changing rules regarding upgrades, additions, etc. This began in the spring, when in mid-April the authorities announced that the minimum financial limit for obtaining citizenship for investments would be raised from $250,000 to $400,000. A month later, they...
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The increase in the threshold for buying an apartment to obtain citizenship through investment (under an accelerated procedure), for obvious reasons, did not please everyone who planned to purchase housing in the Republic of Turkey. The minimum transaction amount for the purchase of residential real estate in Turkey has risen from $250,000 to...
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Buying a villa, apartment in an apartment building or a rural estate in Turkey, a foreigner gets an opportunity to apply for a residence permit in Turkey in a simplified manner and stay in the country for a longer period or live there permanently. It is not only the property owner who can get a residence permit, but also their family and friends....
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