Real estate residence permit in Turkey 2023-2024
Last Updated: 2023-10-28Real estate residency in Turkey 2023 - 2024
Are you planning to study there or want to enjoy a long vacation in this beautiful country? Maybe you want to live with your family or find in Turkey an exciting job opportunity. In all cases, there are many aspects that can be associated with staying in Turkey, but did you know that there is a special type of residence that is considered the best among them?
It is real estate residency, which is an excellent option for those looking for stability and new opportunities in Turkey. In this article, we will unveil the advantages of real estate residency and how you can take full advantage of them. But before that, let's take a look at all types of residency in Turkey and find out how real estate residency can achieve your legal and life dreams in this charming country.
- Types of residencies in Turkey
Types of residency in Turkey:
Residence in Turkey by buying a property – tourist residence – student residence – humanitarian residence – family residence – work residency
Real Estate Residency:
It is the residence that allows the foreigner to reside in Turkey, which is one of his rights and is given to him by the Immigration Department so that he can enter and exit Turkey without a visa, provided that the foreigner is the owner of a property in Turkey.
This residence is currently considered one of the strongest in Turkey with a guarantee of renewal every year for the property owner and his family.
Many foreigners seek to reside in Turkey, and real estate residency has been a great opportunity for investors as he gets residency because of buying a property in Turkey and at the same time they can benefit from real estate in Turkey in their investment work, especially that Turkey is striving to develop and raise the level of investment in it, especially real estate investment Which in turn leads to raising the level of the Turkish economy significantly.
Documents required to obtain real estate residency:
- Passport valid for at least six months, translated into Turkish and certified.
- The title deed of the property in Turkey that he bought and who will be given residency based on his purchase for him, i.e. the title deed of the property in Turkey.
- Real estate appraisal issued by an officially licensed and recognized company in the Tabu Directorate
- Special earthquake insurance for the property of Turkey that will receive residency due to its purchase of DASK.
- A family statement for the family of the property owner in Turkey and must be translated into Turkish and certified by the Turkish embassy in his home country.
- Finally, health insurance for the family of the property owner , one by one.
If the ownership is for a company and not for a residential property, you need, in addition to the previous papers:
Documents and passport of the responsible and authorized persons in the company - a translated copy of the passport and certified by a notary public - two personal photos - residence addresses with family information - real estate registration information - the company's tax number.
Who is entitled to get real estate residency?
- The owner of the property in Turkey in whose name the property was purchased.
- His children under eighteen are entitled to real estate residency.
- And his wife (he is not entitled to give residency to his second wife if he is married to more than one wife, because Turkish law does not allow polygamy).
Steps to obtain residency in Turkey by buying a property:
- You must buy a Turkish property for $200,000 USD and then obtain a title deed to submit it.
- After that, you must book an appointment to obtain residency and determine its type (owning a property in Turkey).
- Pay real estate residency fees.
- Go to the interview appointment at the Immigration Department building and submit the necessary documents mentioned earlier.
- The residence card is sent via Turkish Post PTT if the residence is approved.
How to classify major cities and small cities in Turkey:
Cities in Turkey are classified into major cities and small cities based on several criteria, including population, area, economic, cultural, and political significance. There are 81 provinces in Turkey, 30 of which are major cities, while 51 other provinces are considered small cities.
Foreigners can obtain real estate residency in Turkey by owning a residential property, and this residence is usually valid for one year and renewable. The amount of the property eligible for real estate residency varies according to the size of the city. In major cities such as Istanbul, Bursa, and Ankara, the value of the property must be higher than $75,000, while in smaller cities it is enough for the property to be worth more than $50,000. However, the decision was amended on October 16, 2023, so that the condition for obtaining real estate residency became the purchase of a property worth 200,000 US dollars.
Some of the major cities in Turkey
- Istanbul: Istanbul is the largest city in Turkey in terms of population and is the cultural, economic and historical center of the country.
- Ankara: Ankara is the capital of Turkey and is home to many government institutions and historical monuments.
- Izmir: Izmir is located on the Aegean coast and is famous for tourism, trade, and industry.
- Bursa: Bursa is the fourth largest city in Turkey and an important industrial city.
- Adana: Adana is located in the Mediterranean region and is considered an agricultural and industrial city.
Some smaller cities in Turkey
- Yalova: Yalova is located on the east coast of the Sea of Marmara and is considered a minor state. It is famous for its beautiful landscapes and heat treatments.
- Izmit : It is a province located in northwestern Turkey and is considered one of the centers of industry and economy in the country.
- Kocaeli: Kocaeli is located in the Marmara region in northwestern Turkey and is considered one of the smaller states that includes many factories and industrial facilities.
In addition to the above states, there are many other minor states in Turkey, such as Bolu, Şankiri, Afyunkarahisar, Kırşehir, Sakarya and others. These states vary in size, culture, economy and attractions.
The importance of obtaining real estate residency:
- The holder of that residence is entitled to many advantages and positives that make life easier, the most important of which are:
- Residing in Turkey legally without suffering a violation.
- He has the right to move between Turkish states with complete comfort without any restrictions.
- Travel to and from Turkey is very easy without the need for a transit visa.
- There are many aspects in common between tourist and real estate residency, but real estate residency is stronger in terms of ease of obtaining and renewing it.
- You can apply to any embassy of a European or American country in order to obtain a visa to them.
- The holder can apply for Turkish citizenship after five years from the date of obtaining it.
- After eight years, you can apply for permanent residency.
- Educational and medical services can be used free of charge or at reduced prices in government and private centers.
- It is granted to all family members, including the wife and children under the age of eighteen.
- If the value of the property is four hundred thousand US dollars or more, an application for citizenship can be submitted.
Before buying real estate and apartments in Turkey, you should know some laws related to real estate in Turkey.
- It is necessary for those wishing to buy real estate in Turkey to make sure that there is a title deed for the property before buying it, so you should seek the help of experts to ensure the title deed of the property and its legality.
- It is also important to ensure the credibility of construction companies if you decide to buy a property under construction in Turkey.
- The total area of Turkey real estate owned by the foreign investor should not exceed an area of 30 hectares.
- Ensure that the property in Turkey is completely free of mortgages and this subject can be confirmed in the Land Registry Department.
- If the property in Turkey is in an administrative area, the area of the property should not exceed 10% of the area of the administrative area.
- If you decide to buy a property in Turkey with the aim of obtaining Turkish citizenship, the first payment of the property value must be at least 400,000 US dollars or the full payment must be equal to 400,000 US dollars.
- If you choose to buy an apartment in Turkey in installments, you must pay attention to the duration of the contract and know the value of the required payments, in addition to knowing the time required to deliver the full payments, and thus you have finished the price of the apartment.
We also advise investors wishing to buy real estate and apartments in Turkey to buy their properties in the projects of construction companies affiliated with the government sector for several reasons.
- When buying a property or house in Turkey in projects belonging to the government sector, you will ensure quality in construction, finishes, safety of legal procedures, and do not forget the high-end and modern designs that characterize these projects.
- When you buy a property in one of the residential complexes with the guarantee of the Turkish government, you will enjoy many recreational and service facilities and services that provide comfort for you and your family, such as gardens, health centers, mosques, schools, sports clubs, places for entertainment.
- Real estate prices in government projects are well thought out.
- Projects supported by the Turkish government offer you a long-term installment method that extends for years, and of course the first payment will be small, you will not be forced to pay a large amount, and these projects guarantee the delivery of the entire building and the delivery of the title deed to the buyer of the property in Turkey.
Important information about real estate residency in Turkey:
We have a set of general notes that must be taken into account when we are applying for real estate residency in Turkey , which are as follows:
- If all family members are applying for it, a separate file must be submitted separately.
- If the applicant is under the age of eighteen, the consent of his guardian must be obtained.
- You must pay your fees in Turkish lira and then receive a receipt.
- If there is a defect or deficiency in the submitted papers and documents, the applicant is given 30 days to remedy the deficiency.
- The buyer's passport must be valid for at least 6 months.
Why do foreigners seek real estate residency in Turkey?
- Many advantages and positives will be for those who wish to obtain this residency, and through the following paragraph, you can view them quickly:
- After eight years, permanent residency can be obtained.
- If the value of the property is 400 thousand US dollars or more and it meets the rest of the conditions, you can apply for Turkish citizenship.
- The holder can stay in Turkey legally and without being subjected to violations.
- The possibility of moving between Turkish states easily and without the requirement of obtaining a travel permit.
- Transportation to and from Turkey is easy without the need for a transit visa.
- Take advantage of all the educational and medical services available in Turkey.
- Real estate prices in Turkey are low compared to prices in other countries in addition to their high quality and luxury, which indicates that you will get luxury real estate at affordable prices, and this cannot be achieved in other countries such as the European Union, where real estate prices are very expensive and disproportionate to many people.
- The Turkish government has provided all facilities when foreigners buy real estate.
- Although it is short-term, it can be renewed annually as long as the foreigner owns the property.
Very important note:
Many foreigners and Arabs want to obtain Turkish citizenship, it is worth noting that buying a property in Turkey enables the owner to obtain Turkish citizenship, provided that the value of the property is 400 thousand US dollars or more, which is a very golden opportunity, and not every property in Turkey meets the conditions for obtaining citizenship, if you want to know the details of the process of obtaining Turkish citizenship, you can contact the team of Mersat Real Estate Company He asked for a tour to learn about the most important investment projects that meet the conditions for obtaining a Turkish passport.
Our customers can benefit from the services provided by Mersat Real Estate Company after the sale of the property, such as property management by renting the property, making the necessary contracts, obtaining Turkish citizenship, and conducting transactions for real estate residency.
Edited by Mersat Real Estate Team ©
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