In Turkey, there is talk of a possible halving of the threshold for the cost of real estate for obtaining a residence permit

The construction sector of Alanya is experiencing a downturn due to a reduction in investment from foreigners. Visitors buy much less housing in the resort and in Turkey as a whole due to legislative changes adopted in 2022-2023: the closure of many areas for obtaining a primary residence permit there, the increase in the required threshold for the cost of an apartment to obtain a residence permit based on the purchase of real estate. We talked in detail about the difficulties the industry is facing and whether changes are coming in the material on the results of 2024, in the section about Turkey.

According to Yeni Alanya, the Society of Active Journalists of Alanya (ALGC) recently visited the district chairman of the Justice and Development Party (AKP) Mehmet Sharani Tavly.

Tavly said that "new rules are expected to be introduced for the sector, which has recently been losing blood due to the fact that foreigners have problems with obtaining residency." According to him, the requirement for the value of real estate under the program for obtaining a residence permit based on ownership will be reduced from 200,000 to 100,000 dollars.

Of course, the entire business of Alanya will be happy to receive such news, but so far there have been no official statements or concrete actions from the authorities in this direction.

The President of the Alanya Contractors Association (MÜTBIR), Mustafa Kucuker, also demanded the opening of areas where visitors cannot obtain a residence permit today. "The density of foreigners in these places has now fallen below the established criteria, and the districts are ready to reopen," he said.

Source: Yeni Alanya