A comprehensive guide about real estate residence in Turkey

If you are considering real estate residence, in this article we will provide you with a comprehensive guide on real estate residence in Turkey

In recent years, Turkey has become the home of tourists and investors from all over the world, so if you are a foreign or Arab investor looking to settle and live on the territory of the Turkish Republic in the long term, we have provided you in our article with this comprehensive guide about real estate residence in Turkey that will help you when buying real estate in Turkey and applying for real estate residence in the event that you do not have the ability to apply for Turkish citizenship at the present time, so continue reading.

A glimpse of real estate residence:

Real estate residence in Turkey for a period of one year is usually granted to foreigners who own real estate or real estate in Turkey, and it is a short renewable residence, in addition, the wife and children under the age of 18 are entitled to obtain it as accompanying the owner.

Features of real estate residence in Turkey:

One of the advantages of real estate residency is that it gives its holder many advantages, including:

1. The opportunity to obtain medical insurance in Turkish hospitals.

2. Education opportunities in Turkish schools, universities and educational centers.

3. Possibility of obtaining Turkish citizenship if the value of the property is $400,000.

4. Benefit from opening a bank account in a Turkish bank, and the possibility of receiving and sending money.

5. You can buy a private car in Turkey.

6. It is possible to apply for a Turkish driving license for the car.

7. The possibility of applying to the embassies of other countries from inside Turkey in order to obtain a visa for it.

8. Enjoy all residency rights in Turkey, as it allows you to enter Turkey without visas.

9. The real estate residence permit is stronger in terms of its renewable ability and its granted duration.

10. Staying in Turkey and looking for a job.

11. The real estate residence permit is easily renewed every year throughout the period of owning the property.

12. The cost of real estate residence is not exorbitant compared to other types of residence.

13. The conditions for obtaining a real estate residence permit are easy and not complicated.

The conditions for obtaining real estate residence in Turkey

The Turkish government has set some conditions by which it is possible to obtain real estate residence in Turkey and the following are the most prominent of these conditions:

First, having health insurance:

An investor wishing to obtain real estate residence in Turkey must have health insurance for himself and all his family members if the family members have been in Turkey for at least two years, in addition to having a monthly income of not less than 500 USD.

Secondly, buying a property of a specified value according to the law:

In the event that you wish to obtain real estate residence in Turkey, the price of the property to be purchased is required to be $75,000 or more in large states, such as: Istanbul, Ankara, Izmir, Bursa, Antalya, Gaziantep, Adana, and Mersin.

While the value of the property in the smaller states must be 50,000 US dollars or more, in addition to that, the real estate appraisal report must be equal to the aforementioned minimum to ensure the issuance of real estate residency.

Third, buying a property in the permitted areas:

The Turkish law stipulates that the number of foreigners in one region should not exceed 10% of the total percentage of the region, in addition, the Turkish government has prohibited granting real estate residence to the investor who buys real estate in some areas and neighborhoods of Istanbul in order to maintain an equal distribution of foreigners in Turkish lands.

In addition, the Turkish government has prevented real estate purchases in Turkey in areas close to centers, military areas, and ports.

Documents for obtaining real estate residence in Turkey:

When you provide the following papers, you can go and apply for real estate residence in Turkey.

1. The title deed document.

2. The applicant's bank account.

3. Submit 4 biometric photos with a white background.

4. Real estate insurance policy.

5. Bring medical insurance documents for the investor and his family.

6. A family book translated and certified by the notary.

7. Visa with a new entry stamp for the investor.

8. Presentation of the passport, the validity period of which is not less than 6 months.

9. Submission of a family statement if the investor has children under the age of 18 certified and stamped by the Turkish Consulate.

Steps to obtain real estate residency:

The mechanism for obtaining real estate residency must include several steps, let's get acquainted with it through the following points:

1. Prepare all documents necessary to obtain residency.

2. Reserving an appointment for the applicant to submit the required documents, and this is done through the website of the General Directorate of Immigration in Turkey.

3. Go to one of the Immigration and Passports branches of the General Directorate of Immigration and Passports.

4. Submission of all previously prepared papers and verification of all conditions stipulated by Turkish law.

5. Pay the fees required to obtain real estate residence.

6. Waiting for the approval of granting residency and verifying the submitted papers.

7. Sending the real estate residence after its issuance to the permanent address written on the application.

How to renew a real estate residence in Turkey?

Renewing a real estate residence permit in Turkey is easy, as the renewal steps begin at least two months before the expiry of the real estate residence permit in Turkey, and upon renewal, the following papers must be prepared:

1. Bring 4 biometric photos with a white background, provided that they are not more than 6 months old.

2. Submission of the title deed or title deed.

3. Bring a copy of a valid passport.

4. Submit a receipt for payment of costs.

5. Pictures of current real estate residence.

6. Submit a health insurance document.

7. Investing the application for real estate residence renewal in Turkey.

8. Issuing the health insurance policy, if it is expired.

9. Book an appointment to renew the real estate residence permit through the website of the Immigration Department.

What nationalities are prohibited from real estate residence?

Turkish law provides for granting real estate residency to most nationalities, provided that the nationality of the foreign investor is not among the five nationalities prohibited from real estate investment in Turkey, such as:

1. North Korean nationality.

2. Cuban nationality.

3. Armenian nationality.

4. Syrian nationality.

5. Cypriot nationality

The comprehensive guide about real estate residence in Turkey is now in your hands and all you have to do is contact our specialized consultants to help you buy a property in Turkey to obtain a real estate residence permit as you can also visit our website for more information that helps you in real estate investment in Turkey.

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