New Conditions for Obtain Real Estate Residence Permit in Türkiye
Last Updated: 2023-10-21New Conditions for Obtain Real Estate Residence Permit in Türkiye
Real estate residence permit allows a foreigner to live in Türkiye, a right given to him by the Migration Management so that he can enter and leave Türkiye without a visa, with a condition that the foreigner should own a property in Türkiye.
Currently, this residence permit is one of the strongest permits in Türkiye, and can be renewed each year for the property owner and his family.
Many foreigners and Arabs seek to reside in Türkiye, and real estate residence permit has been a great opportunity for investors to obtain residence permit through purchasing a property in Türkiye. At the same time, the owner can benefit from the property in Türkiye in his investment work, especially since Türkiye strives to develop and raise the level of investment in it, specifically real estate investment, which in turn leads to a significant increase in the level of the Turkish economy.
What is new in the real estate residence permit case is the requirement set by the Turkish Government to determine the value of the appropriate property for real estate residence permit.
What Is the New Requirement for a Real Estate Residence Permit?
Anyone who wishes to obtain a real estate residence permit for a purchase worth 200,000 US dollars in any state in Turkey must have the amount officially declared on the title deed (Tapu). As for people who own real estate before 10/16/2023, the law applies to owning a property priced at $75,000 in Istanbul, Ankara, Antalya and other major states, and $55,000 in small states.
Documents Required to Obtain a Real Estate Residence Permit:
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A passport valid for at least six months, translated into Turkish and certified.
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The title deed of the property in Turkey that he purchased, as the residence permit will be given based on this purchase, i.e. the title certificate of the property in Turkey.
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Earthquake insurance for the property in Turkey, which will enable you to get a residence permit if you purchase it (DASK).
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A family statement for the property owner's family in Turkey, must be translated into Turkish and certified by the Turkish Embassy in his country.
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Health insurance for each family member of the property owner.
Who Has the Right to Obtain a Real Estate Residence Permit?
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The owner of the property in Türkiye whose name the property was purchased.
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The property owner's offspring under the age of 18.
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Spouse.
Note: The owner is not entitled to grant real estate residence permit in Türkiye to his second wife if he is married to more than one wife, because Turkish law does not allow polygamy.
How Long Is a Real Estate Residence Permit?
The duration of real estate residence permit in Türkiye ranges from one to two years and is renewable, and there is no difference between the provinces or cities in Türkiye in the duration of the residence permit they may grant. Rather, the difference in the estimate of the duration of the granted real estate residence permit is between one to two years depending on the validity of the passport, as well as the period covered by the health insurance whether it is paid for one or two years.
The Cost of Real Estate Residence Permit:
The cost of real estate residence permit is determined by:
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The cost of health insurance, which varies depending on the duration that it covers.
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The cost of the papers and documents required to apply for a real estate residence permit.
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The tax on the applicant, which varies depending on his nationality.
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Office fees or the real estate company that will follow up on the transaction and its procedures.
Marsat Real Estate is pleased to provide free consultations on how to obtain residence permits in Türkiye of all kinds. We also help you and offer the best offers that allow you to purchase a property in Türkiye that meets your ambitions, whether you want to live and stay in Türkiye and get a real estate residence permit, or invest in real estate in Türkiye to obtain Turkish citizenship.
Edited by Mersat Real Estate Team ©
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