Turkish Real Estate Residence Permit
Turkish Real Estate Residence Permit
Turkey is one of the few countries that is famous for its provision of many types of temporary residence permits that give foreigners the right to reside within the country legally. This article will explain everything you may need to know about one of the most common types of residence permits in Turkey, which is the Turkish Real Estate Residence permit.
About Turkish Real Estate Residence Permit
Real estate Residence in Turkey is a document that guarantees its holder to reside legally in Turkey. It is issued by the immigration departments in the Turkish states. Additionally, this residence is temporary and needs to renew annually.
Moreover, the Real Estate Residence Permit is available to foreigners wishing to buy a property in Turkey and settle in it; the wife and family members, including children under the age of 18, are eligible to obtain real estate residence permits.
Benefits and Advantages of Obtaining the Turkish Real Estate Residence Permit
- The ability to reside legally within the Turkish borders.
- The owner of the property and his family, including his wife and children under 18 years of age, enjoysthe rights of real estate residency.
- It’s easy to renew the real estate residence permit.
- Freely Moving between the Turkish states.
- Access to educational services in Turkish schools and universities.
- Take advantage of free-of-charge health services in Turkey through medical care in Turkish hospitals.
- After (8) years of Real Estate Residence in Turkey, it’s possible to obtain permanent residence.
- In addition to the possibility of applying for Turkish citizenship if the property value reaches $400,000.
Conditions to obtain Real Estate Residence in Turkey
Concerning the conditions for obtaining real estate residency in Turkey, it is necessary to buy a specific property in Turkey, regardless of the type or value of the property. Residential, investment land, or commercial offices.
In addition, after purchasing the property, it should be registered with the Tabu Directorate; and the title deed should be obtained. It is one of the most significant official papers to get the residence of the property in Turkey.
Minimum property value to qualify for Real Estate Residency
Furthermore, investors who want to obtain the Real Estate Residence in Turkey should be aware that needs to be the property price $75,000 onwards in big states like Istanbul, Ankara, Izmir, Bursa, Antalya, Gaziantep, Adana, and Mersin.
On the other hand, the property value in other Turkish states must be $50,000 and upwards if the foreign investor desires to obtain real estate residence in Turkey.
Moreover, it is worth noting that the real estate appraisal report should be equal to the above-mentioned to ensure the extraction of real estate residency.
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