Buying property in Alanya will become easier: registration of accounts in Turkish banks will be more accessible for foreigners

Minister of Tourism Mehmet Ersoy noted that the number of people wishing to stay in the country for more than 60 days is decreasing, which negatively affects the entire tourism sector. The simplification of obtaining a residence permit in the state will be facilitated by depositing funds in banks in the amount of 1.5 local salaries (approximately $820).

However, foreign nationals have previously faced difficulties in opening a bank account. The Banking Association has announced the development of a special algorithm for expats to open a bank account without difficulty. A copy of the decision has already been sent to the Migration Department. Having a bank account will simplify payments when buying a property.