The latest developments regarding obtaining real estate residence in Turkey is the talk of the hour among expatriates in Turkey who are constantly looking for stability in this country, to settle with them all matters of their practical and educational lives, and this matter constitutes an innate need for a person, the Turkish government provided the opportunity to obtain real estate residency by buying a property in Turkey, to encourage the revitalization of the real estate market, which is witnessing a remarkable development at the local and global levels.
The latest developments about obtaining real estate residence in Turkey:
The latest developments regarding real estate residency in Turkey focus on raising the price of the property required to be purchased in order to obtain real estate residency to seventy-five thousand dollars in large cities such as Istanbul, Bursa and Antalya, while the price of the property is required not to be less than fifty thousand dollars in smaller cities in order to obtain real estate residency, and there are other conditions that we will learn about.
Conditions for obtaining Turkish real estate residency:
In addition to determining the price of the property, there are some conditions imposed by the Turkish government to obtain real estate residence, including:
1. That the property is specifically designated for housing and not for investment without there being a specific price for this property and this gives comfort in choosing the appropriate residential property in terms of space, area and price.
2. The nationality of the applicant for real estate residency should not be among the five nationalities that are not allowed to buy real estate in Turkey and therefore cannot obtain real estate residency and this prohibition is due to political conditions and old agreements. These nationalities are: Armenian - Cuban - North Korean - Cypriot - Syrian.
3. The property on the basis of which the expatriate will obtain the real estate residency shall not be within an area bearing a security or military character.
Documents required for real estate residence in Turkey:
Like any official transaction, some official documents must be obtained and submitted to the competent authorities for the issuance of real estate residency. These papers are:
A passport valid for use for a period of no less than six months.
Five personal photos with a white background.
A statement of the bank account in the name of the person concerned.
Real estate ownership contract.
An insurance policy for the property against earthquakes.
Tax number, obtained from the Turkish Tax Authority.
A family record that is translated into Turkish, and certified by the Turkish embassy in his country.
Turkish health insurance document for the owner and his family members.
Steps to obtaining real estate residence in Turkey:
We will be with you step by step towards obtaining real estate residence permit in Turkey:
1) The first step is to open the online platform for real estate residence and to book an appointment with the Turkish Immigration Department.
2) Fill out the electronic form with the data required by the person concerned.
3) Registration and adherence to the documents required to be submitted to obtain the real estate residency.
4) The printing feature from the platform is available, so the person concerned must, after setting the appointment, print the specified date sheet to attach it with all the identification papers on the specified date.
5) As usual, there are fees that are necessary when conducting any official government transaction, which is a tax that the concerned person pays when visiting the headquarters of the Immigration Department.
6) The tax payment receipt is one of the important documents that must be presented to the competent employee who will be granted permission to leave the country and return after 15 days again.
7) After the person concerned enters Turkey again, he will have completed all the steps required to obtain a real estate residence permit.
8) All applications for real estate residence are considered and as soon as the real estate residence permit for the person concerned is issued, it will be sent to his address at his residence in Turkey.
9) You may find that the steps to obtain real estate residency take a long time, on the contrary, it does not take more than two months from the date of application.
Advantages of real estate residence in Turkey:
Once you obtain the real estate residency, your property will be subject to a reduction in the real estate taxes usually imposed on real estate compared to the rest of the world.
There are several ways to obtain residency in Turkey, and each of them has certain procedures, papers, credentials, and a certain period of time for the issuance of residency, while real estate residency is easy to obtain in terms of time because it is linked to buying a property in Turkey.
Real estate prices in the Turkish real estate market are somewhat stable in view of the economic fluctuations in the countries of the world in general and the Turkish economy in particular, due to its proximity to the scene of hot events, which encourages expatriates and investors to buy a property and obtain real estate residency.
The real estate residency for its holders achieves a kind of living stability in Turkey, as most of the peoples of the region have gone through difficult conditions that lack stability and enjoy a normal and legal life.
Real estate residency in Turkey provides an important opportunity for those who obtain it, which is to move to the next and most important step, which is obtaining Turkish citizenship.
The citizenship law in Turkey states that the holder of real estate residence permit can obtain Turkish citizenship, provided that the property price is not less than 400 thousand dollars.
After obtaining Turkish citizenship, the life horizon of the holder will expand, and he will be able to move freely in Turkey and abroad and enjoy all the advantages of Turkish citizenship.
All members of the real estate residence permit holder in Turkey can obtain it provided that the individual is under the legal age.
Real estate residency is renewable annually and is distinguished over residency granted by some countries that need to be renewed every six months.
Real estate residence grants its holder many free advantages in educational institutions with high-quality educational service spread in Turkey, as well as benefiting from health services at very low fees that are symbolic.
Thus, we have put in your hands a comprehensive file on the latest developments regarding obtaining real estate residence in Turkey in light of recent developments and new decisions issued by the Turkish government in light of the current regional conditions.
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