Real estate residency in Turkey is one of the opportunities granted by the Turkish government to expatriates as a kind of incentive and encouragement to invest in real estate in Turkey. Indeed, according to this step, investment in the real estate sector has witnessed a remarkable boom. Real estate residency in Turkey is a permit to reside in Turkey obtained by the resident there by purchasing real estate in Turkey, for the purpose of legal residency, which is what many are looking for in order to settle in Turkey.
Conditions for obtaining real estate residence in Turkey:
Many people wonder about the conditions for obtaining real estate residency in Turkey, and we will answer this question:
- 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.
- 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.
- 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.
What are the steps for obtaining a 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 preparation of the documents required to be submitted to obtain a real estate residence permit, which are the following:
A passport valid for a period of no less than 6 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.
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 person with a disability 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 grant permission to leave the country and return after fifteen 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.
What are the costs of real estate residence in Turkey?
Some inquiries about the costs of obtaining a real estate residence permit may come to mind, and it is necessary to be fully prepared for this step:
The costs of real estate residence in Turkey depend on the type and price of health insurance.
The real estate residence extract tax depends on the nationality of the applicant.
The costs of translating and notarizing papers.
The costs of the office that will issue the residency, if there is an intermediary office.
Advantages of real estate residence in Turkey:
Many expats in Turkey seek to obtain real estate residency because it gives its holders the following advantages:
Once you obtain residence in Turkey, your property will be subject to a reduction in 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 modern Turkish citizenship law states that the holder of a 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 services that are widespread in Turkey.
Not only that, the holder of real estate residency can benefit from health services at very low fees that are symbolic
After learning about the conditions for real estate residence in Turkey, how to extract it and its future features, I think it is worth trying, and real estate residence is one of the strongest types of residence in Turkey and is renewable every year for the property owner and his family.
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