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In 2016, Turkey is going to start issuing «Golden Visa» for foreign investors. «Golden Visa» implies a long-term residence permit, which is not required to prolong. The visa is issued to foreign nationals to invest in the Turkish real estate market the amount of 500 thousand dollars and above. Minister of Economy of Turkey Mustafa Elitash said that the reform will give a new impetus to the development of economy and tourism. Experts strongly support the initiative of the authorities in this matter. The introduction of Golden Visa will support and accelerate the dynamics of the real estate market in Turkey.
At $ 500 000 it si possible, for example, to buy a villa for permanent residence or a few apartments for rent in prestigious areas, for decent, stable monthly income.