Property-Based Short-Term Residence in Türkiye: New $200,000 Rule Explained (Effective 16 Oct 2023)

Quick take: If you bought a residential property in Türkiye on or after 16 October 2023, you can apply for a short-term residence permit based on ownership only if the sale price written on your title deed (tapu) equals at least USD 200,000 (in TRY) using the Central Bank’s selling rate on the title-transfer date. For these post-16/10/2023 purchases, valuation reports are no longer accepted—the deed price controls. For earlier purchases, the older thresholds (USD 75,000 in metropolitan cities / USD 50,000 in other provinces) still apply and a valuation report is still required.

Who this guide is for

Foreign buyers and owners planning to use a residential property in Türkiye to obtain or renew a short-term residence permit.

What changed on 16 October 2023?

• Minimum price (all cities): The property’s sale price on the deed must be ≥ USD 200,000 (converted to TRY at the CBRT selling rate on the tapu registration day).

• Valuation reports: For purchases on/after 16.10.2023, no appraisal/valuation report is considered; only the deed price is taken into account.

• Application type doesn’t matter: First-time, transfer, or extension applications are all subject to the same rule if the purchase date is ≥ 16.10.2023.

Which rule applies to you? (By purchase date)

Important: The rule targets residential properties used for short-term residence purposes.

How the USD calculation works

1. Look at the sale price written on your title deed (in TRY).

2. Take the Central Bank of Türkiye (CBRT) USD selling rate on the exact date your title was registered.

3. Convert: TRY deed price ÷ CBRT selling rate.

4. Result must be ≥ 200,000 USD.

Documents & tips (post-16/10/2023 purchases)

• Original title deed (tapu) and sale contract showing the price.

• Proof of payment (bank transfer receipts recommended).

• Keep a print/screenshot of the CBRT selling rate for your title date in your records.

• If applying for a renewal, the same purchase-date rule applies: if your deed is ≥16.10.2023, the USD 200k condition still governs.

Common pitfalls to avoid

• Relying on valuation reports for post-16/10/2023 purchases. They won’t be considered.

• Confusing offer price with deed price. Only the registered deed price counts.

• Using the wrong exchange rate or date. It must be the CBRT selling rate on the deed day.

• Buying non-residential property and expecting it to qualify.

FAQ

Does this help with Turkish citizenship by investment?
This guide covers short-term residence via property ownership. Citizenship has different thresholds and criteria. Ask us if you intend to pursue citizenship.

Can I combine two lower-priced properties?
The rule focuses on the deed sale price of the residential property you rely on. Combining may not meet the requirement unless the qualifying deed price is satisfied—get case-specific advice.

I bought before 16.10.2023—what applies?
The older 75k/50k thresholds and a valuation report continue to apply for purchases 26.04.2022–15.10.2023. Purchases before 16.10.2023 are outside the new rule.

How Tenha Law Firm can help

We review your deed and payments, verify eligibility, prepare the residence file, and coordinate with local migration authorities. If you’re planning a new purchase, we structure the transaction to satisfy the USD 200,000 deed-price requirement from the outset.

Disclaimer: This article provides general information and is not legal advice. For tailored guidance, contact Tenha Law Firm.