Foreigners seek to obtain residency in Turkey as a result of the facilities and benefits it provides to its owner, and Turkish residency has several types, but we will talk today about real estate residency and what are the conditions for obtaining it?
What Is Real Estate Residency?
It is a residence permit document that you get when purchasing a real estate in Turkey, provided that the real estate is compatible with the conditions for obtaining real estate residency. This residency allows its owner to get education, medical, and living rights in Turkey legally.
What Are The Conditions For Obtaining Real Estate Residency In Turkey?
- Buying a residential property in Turkey with a value of no less than $200,000, and the real estate evaluation report must be equivalent to the mentioned minimum amount
- Having a real estate title deed document (Tapu)
- Having the earthquake and disaster insurance policy (DASK)
- A passport valid for six months
- A family statement that includes the name of the real estate owner, the name of his wife, and the names of his children, translated into Turkish and certified
- Health insurance in Turkish territory for all family members
What are the documents required for real estate residency?
- Application paper for real estate residency
- A passport valid for not less than 6 months
- A registered visa with an entry stamp to Turkey
- DASK earthquake insurance policy
- A valid health insurance document
- A copy of the family book, translated into Turkish and certified by the noter
- Title deed (tabu) certified by a noter
- 4 personal photos
- Tax Number
- A lease contract or residence permit issued by the civil registry near the property owner’s place of residence
How long is the real estate residency period in Turkey?
The validity period of the real estate residency ranges between one and two years, and a renewal request must be submitted before the expiry of the validity period, including the same papers that were submitted the first time, in addition to a new real estate evaluation report showing the value of the property and the previous real estate residency.
What is the cost of real estate residency in Turkey?
The cost of real estate residency is represented by paying health insurance fees and other fees, such as the receipt that is paid at the Immigration Department branch, while the cost of real estate residency is related to the value of the real estate, as it amounts to approximately 9.7% of the value of the real estate.
What are the steps for applying for real estate residency in Turkey?
- Buying real estate in Turkey worth no less than $200,000
- Obtaining the real estate title deed document
- Book an appointment for the residency from the official website
- Preparing the necessary documents for the submission
- Attending in person on the day of the appointment or by a representative after granting them a permission to do so
- Submit the papers to the employee after paying the residency fees
- Waiting between one week and three months until approval is issued to granting the residency
- The real estate residency document is sent by the Immigration Presidency Branch to the applicant’s address via the Turkish Postal Corporation (PTT)
What are the advantages of obtaining real estate residency in Turkey?
- Legally living in Turkish territory
- The real estate owner’s family, the wife and children under 18 years of age, enjoy real estate residency rights
- The possibility of renewing the real estate residency with great ease
- Freedom to move between Turkish states without the need to have a travel permit
- Access to educational services in Turkish schools and universities
- Benefit for free or with great discounts from health benefits in Turkey, through medicine in Turkish hospitals
- The possibility of obtaining permanent residency provided that you stay in Turkey for 8 years without interruption
- The possibility of applying for Turkish citizenship, when the value of the real estate or properties owned reaches 400 thousand dollars
Learn about the most important services provided by Elhaj Real Estate Group, for those wishing to live and invest in Turkey, by contacting our specialized team wherever you are around the world.
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