How Tolerance Homes Guarantees Residence Permits for Property Buyers in Turkey Turkey

In a recent video update, Tolerance Homes, a prominent real estate agency in Turkey, outlined significant strides they've made in assisting clients with acquiring residence permits based on property purchases in Turkey. Sergey Volchenkov, the development director with over two decades in the industry, provides an insightful overview of the evolving landscape regarding Turkish residence permits.

Historically, any foreigner could obtain a Turkish residence permit through real estate ownership. However, in May 2022, the Turkish Migration Board issued a directive increasing the minimum investment from $50,000 or $75,000 (depending on the location) to $200,000. This change sparked concern among potential investors who were interested in less expensive properties.

Sergey explains that despite the official circular stipulating a $200,000 minimum, this requirement isn't backed by law. It's a policy decision by the Migration Board, not a legislative change. Therefore, Tolerance Homes has been successful in challenging these refusals in court. They argue that the law does not support the arbitrary financial threshold set by the migration board's internal circular.

For those whose applications are initially denied due to not meeting the $200,000 requirement, Tolerance Homes' legal team can file a lawsuit against the Migration Department. The courts often side with the plaintiff, acknowledging the lack of legal grounding for the refusal. Once a court decision is in favor of the applicant, it becomes binding, and the Migration Department must comply and issue the residence permit.

This proactive approach by Tolerance Homes not only secures residence permits for their clients but also ensures that they are treated with respect by Turkish authorities thereafter. Sergey assures that there are no adverse implications for buyers in the future; once they have a court-backed residence permit, subsequent renewals and official interactions tend to proceed more smoothly.

In conclusion, Tolerance Homes offers a full-service package to their clients. From property purchase to securing a residence permit, regardless of the investment amount, their team handles all legal challenges without additional cost to the buyer. This commitment to client service significantly enhances the appeal of investing in Turkish real estate, even for those looking to invest below the previously mentioned thresholds.