A 5-years residence permit with a Turquoise Card to be acquired by a foreigner who has invested 100 thousand dollars.
According to a statement from the Real Estate Overseas Promotion Association, outlining the trends and expectations of foreign real estate investors in Turkey in February.
By announcing to the public the first comprehensive study of the association continues to work to increase the potential foreign investors in the real estate market.
Taking action to increase the potential of foreign real estate investors, GİGDER made a new regulation proposal to the Ministry of Environment and Urbanization to pave the way for the sector.
GİGDER has suggestions such as "preparing new reports investigating the immigration policies of rival markets", "organizing a virtual roadshow in Iran" and "holding an 'international real estate summit' event each year in Istanbul" to rise real estate sales to foreigners.
Statement on the appraisal of the proposals contained GİGD Leader Omar Faruk Akbal, he stated that, if above a certain amount of foreign investment in Turkey, they submitted a proposal to the ministry for a regulation where they can obtain a long-term residence permit.
Real Estate Overseas Promotion Association (GİGDER) submitted its "Turquoise Card arrangement" suggestion to the Ministry of Environment and Urbanization, where foreigners can acquire a residence permit for a long time if they invest more than a certain amount.