What Is the Real Estate Residence Permit in Turkey? And What Are Its Conditions?

Many foreign investors seek real estate residency in Turkey to enjoy the benefits that come with it. What is real estate residency, its conditions, and its advantages? Istanbul Experts will answer these questions in this article.

Types of residence permit in Turkey

1. Touristic residency: A one-year residency that allows foreigners to stay in Turkey.
2. Work residency: Granted to foreigners who work in a Turkish company.
3. Student residency: Given to foreign students enrolled in universities in Turkey.
4. Family residency: Given to the spouse and children under 18 of a resident in Turkey with a valid residency.
5. Humanitarian residency: Granted to refugees in Turkey under special circumstances determined by the government.
6. Permanent residency: Can be obtained by those who have resided in Turkey for 8 consecutive years legally.
7. Real estate residency.

What is meant by real estate residency in Turkey?

Real estate residency in Turkey is a legal permit to reside in Turkey offered by the Turkish government to any foreigner who has purchased property within Turkey under simple conditions. It is a short-term residency, usually granted for a year and renewable. It is given to the property owner, entitling their spouse and children under 18 to reside in Turkey as well.

What are the conditions for real estate residence permit in Turkey?

To obtain a residence permit in Turkey by buying a property, the property must meet the following conditions:

1. The value of the property should not be less than $75,000 in major cities such as Istanbul, Ankara, Izmir, Bursa, Antalya, Gaziantep, Adana, and Mersin.
2. The value of the property in smaller cities such as Amasya, Bayburt, Sinop, and Sivas should not be less than $50,000.
3. The property must be registered with the Land Registry Office.
4. The appraisal report of the property must meet the minimum requirement for obtaining a property residence permit.
5. The property must be in areas that grant property residence permits to the property owner. Some areas in Istanbul, for example, do not grant residence permits for property ownership, so it is important to pay attention to this before purchasing the property.

What is the duration of the real estate residence permit in Turkey?

The duration of the real estate residence permit in Turkey is usually one year, and sometimes two years, and it is renewable annually as long as it is still valid.

How to obtain real estate residence in Turkey

After buying a property in Turkey that meets the conditions we mentioned, you will be able to apply for a Turkish real estate residence permit based on this property investment in Turkey.

To do so, you must provide the required documents, which are as follows:

1. A copy of the title deed (Tapu) of the property.
2. A building registration document (NUMARATAŞ) issued by the municipality to which the property belongs.
3. A document indicating the status of the property (AKTİF TAPU), can be obtained from the land registry directorate.
4. A copy of earthquake insurance (DASK) for the property.
5. A valid passport for at least 6 months.
6. A translated and certified copy of the family book into Turkish by a notary public in Turkey.
7. Payment of the real estate residence permit fees in Turkey through the tax administration and attaching the receipts to the file when submitting it to the immigration office.
8. A private health insurance document for the applicant for the residence permit in Turkey.
9. 4 biometric personal photos.

What are the most prominent advantages of real estate residence permit in Turkey?

Getting the real estate residence permit in Turkey grants you several wonderful advantages that facilitate your life in Turkey, and we can summarize these advantages in the following:

• The real estate residence permit is granted to the holder’s wife and children under the age of 18 a family residence accompanying him.
• The holder of the real estate residence permit can enter Turkey without a visa or prior security clearance, and he is free to move within the Turkish territories.
• The real estate residence permit is considered one of the strongest types of permits granted by the Turkish government to foreigners, and it is also easy to renew and apply for.
• The Turkish real estate residence permit grants its holder the right to open a bank account in Turkey, which makes receiving and sending money easy.
• Those who have a real estate residence permit can obtain a driving license and can buy a car registered in their name.
• The holder of the Turkish residence permit can apply for an entry visa to any other country from the embassies located in Turkey with ease.
• The resident in Turkey with a real estate residence permit has the right to study in Turkish schools and universities at all educational levels.
• In addition, holding the real estate residence permit paves the way to obtain Turkish citizenship, when the total value of the properties owned by the holder of the real estate residence permit reaches 400 thousand dollars.

Real Estate Residence Permit with the help of Istanbul Experts

If you want to enjoy the many benefits provided by the real estate residency, you can rely on us to help you acquire it without worrying about the details. Our company has provided this service to a good number of clients, proving its ability and efficiency.

We can offer you properties that meet the requirements of the real estate residency, provide you with tours to see these properties and handle the procedures of transferring ownership to your name and issuing the residency you seek. You will receive everything ready without any hassle.

Moreover, we are ready to answer all the inquiries you may have. All you need to do is contact us.

Edited by: Istanbul Experts©

Sources: Turk Press   +   Turkish Ministry of Interior