Duration Of Real Estate Residence in Turkey
Turkish law authorizes the General Directorate of Migration in the Turkish states to grant real estate residence permits for up to one or two years, at most, to foreigners wishing to obtain real estate residence permits.
What Is Real Estate Residence in Turkey?
Real estate residence in Turkey is a document that allows foreigners to obtain a long-term renewable residence by purchasing a property in Turkey. This system is an opportunity to legally enjoy all education, living and medical rights in Turkey. It is a way to encourage investors and foreigners to invest in the Turkish real estate market.
Conditions For Renewing Real Estate Residence in Turkey
Renewing a real estate residence permit is relatively more straightforward than other residence permits in Turkey. All that is required is for the property to be registered in the owner's name at the real estate registry office. The owner's real estate residence permit can be easily extended by doing so.
The real estate residence permit is valid for 1-2 years. Before its expiration, the owner must submit a renewal application containing the same documents submitted in his application for the first time, along with a new real estate appraisal showing the value of the property and the previous real estate residence card.
The New Real Estate Residence Law in Turkey
Turkey has laws and regulations related to granting residency to foreigners who own real estate in Turkey. Under the current rules, foreigners can obtain residency in Turkey by purchasing a property with a specific value that varies according to the property's location.
Clauses 28, 29, 31 and 33 of the Foreigners and International Protection Law No. 6458 refer to the administrative rules for applying the law in temporary residences granted to several categories, including owners of Turkish real estate. Therefore, foreigners wishing to obtain real estate residence must apply to the relevant authorities and meet some conditions. And requirements.
Advantages Of Real Estate Residence in Turkey
Real estate residence in Turkey provides some advantages for foreigners who buy a property and obtain residence there. Among the main features:
- Free long-term residence in the country legally.
- It is possible to benefit from public services in Turkey , such as education and health care.
- The property owner in Turkey enjoys all the full ownership rights of the property and is eligible to benefit from the potential financial returns from the property.
- Turkey is a significant investment destination for real estate, and obtaining a real estate residence permit makes it possible to take advantage of the opportunities available in the Turkish real estate market.
- The owner's family (wife and children under 18) have the right to live in this property.
- You can move freely between Turkish states without requiring a travel permit.
- There is a high chance of permanent residency if you live in the country for eight years through real estate residency.
- If the property's value exceeds $400,000 and meets all conditions, one can apply for Turkish citizenship.
- Ease of real estate residence renewal procedures.
- Opening a bank account in any Turkish bank is now possible without any hindrance.
- Its holder is entitled to own a car and obtain a Turkish driving license.
- Its owner could leave and return to Turkey without a visa or security clearance.
Real Estate Residence Conditions in Turkey 2023
Those wishing to own a property in Turkey and obtain real estate residence are looking for the most important conditions to meet them and enjoy their many advantages. Therefore, we clarify that the conditions necessary for obtaining real estate residence in Turkey are the following:
- Regarding the conditions for obtaining real estate residence in Turkey, it is necessary to buy a property in Turkey, regardless of the property type. With this opportunity, those who wish to acquire residential real estate can choose whether it is residential apartments, investment lands, or commercial offices.
- The price of the purchased property must be at least $75,000 in central provinces such as Istanbul, Ankara, Izmir, Bursa, Antalya, Gaziantep, Adana, and Mersin.
- At the same time, if a foreign investor wants to buy Turkish real estate in small Turkish cities, the price should be more than 50 thousand dollars.
- After buying a property in Turkey, it is necessary to register it and obtain a title deed. This official document is crucial for getting a residence permit in the country.
- Obtaining a housing permit for the property.
- The property must be empty and not rented or encumbered by anyone else.
- Real estate ownership in open areas for real estate residence
Real Estate Residence Renewal Fees in Turkey
- To renew a real estate residence in Turkey, the total fees must be paid, according to a statement issued by the Turkish Immigration Department, as the Turkish government has published a list of fees applicable to any residence, whether a new or renewed residence.
- The real estate residence card fee is 376 Turkish liras, approximately equivalent to 18 US dollars.
- Paying the entry visa fee allowance to Turkey for those coming from countries that do not require a visa when entering Turkish territory is estimated at 2400 Turkish liras or about 115 US dollars.
- If you are a foreign national, you must pay fees in US dollars based on the exchange rate at the time of payment.
Documents Required For Real Estate Residence
- The property owner's name is registered on the title deed.
- The document number of the property and the floor, which is issued from the municipality in which the owner of the property resides.
- Property owners can visit the office closest to their residence to obtain a tax number.
- Real estate disaster and earthquake insurance DASK.
- A valid passport for at least six months.
- A copy of the passport, translated into Turkish and certified by the notary.
- A copy of the entry visa to Turkey and the entry stamp and date.
- Four personal photos with a white background.
- Health insurance is valid in Turkey for all family members except for children under 18 and adults over 65.
- The family book is translated into Turkish and certified by Noter.
- You must have a consistent monthly income of at least $500.
- Bank account.
- Real estate residence application form signed by the real estate owner or his legal representative.
- A copy of the receipt of payment of the real estate residence application fees at the Immigration Department.
Real Estate Residence Fees in Turkey
There are a few expected expenses when obtaining a real estate residence permit. These include health insurance, which varies based on age, and receipts to be paid to the Immigration Department office. Additionally, an earthquake insurance policy is required. However, these costs are manageable and should not place a significant financial burden on the applicant.
In Turkey, residential real estate costs 9.7% of the property's value. This means that the cost is directly linked to the price of the property purchased. For instance, if the property is worth 100,000 TL, a fee of 9,700 TL must be paid.
Real Estate Residence Procedures in Turkey
- Preparing all papers and documents required to apply for real estate residence in Turkey.
- Ensure the integrity of all required papers and documents, including signatures.
- To apply for Turkish residency, visit the website of the Turkish Immigration Department and schedule an appointment online.
- Make sure to go to the appointment on the specified date and time.
- Hand over all official papers to the competent employee in the Turkish Immigration Department.
- Waiting for three months to receive the real estate residence card sent through the Turkish Postal Service (PTT).
Rejection Of Real Estate Residence in Turkey
Many individuals face a problem when applying for real estate residency due to several reasons that some overlook, which are the following:
- Renting the owner of the property in which he invests.
- Writing a wrong address and not installing souls when applying for real estate residence.
- If the owner of the property or any of their family members are absent during an inspection to verify information, it may cause issues.
- The term of health insurance does not correspond to the required length of stay.
- There are errors and shortcomings in the official papers submitted to obtain real estate residence in Turkey.
- Travel before receiving real estate residence in Turkey.
Real Estate Residence in Turkey For Syrians
According to the referendum of Iskenderun in 1939 and its annexation to the Turkish state of Hatay, which resulted in the seizure of Turkish properties in Turkey by the then French Mandate government, and according to the principle of reciprocity, the Turkish government prevented Syrians from owning real estate in Turkey. Thus, Syrian nationals are prohibited from directly owning real estate in Turkey, as Syrians are not allowed to buy real estate and register it in their name in Turkey.
However, other ways allow Syrians to obtain real estate residency in Turkey, which we explain:
- One of the best ways for Syrians to own property in Turkey is to establish companies, which allows them to own real estate in the name of the established companies—taking into account the minimum real estate requirement to obtain real estate residence in Turkey or Turkish citizenship.
- It is easier for Syrians who hold another foreign nationality to buy real estate in Turkey and obtain all the privileges of real estate ownership in Turkey.
- Syrians with Turkish citizenship have the right to own real estate, as they enjoy all the rights of a Turkish citizen when buying property and conducting legal transactions.
- A partnership contract can be signed between a Syrian party and a Turkish citizen through a mortgage sign. This guarantees the rights of both parties with transparency and clarity. When the contract is signed, a mortgage sign is placed to protect the Syrian party's due to the property and prevent its sale or disposal.
The Form Of Real Estate Residence in Turkey
The form of real estate residence permit in Turkey is similar to that of other residence permits. Turkey's state of residence permit is a "card" denoted by the symbol B and shows the real estate owner's data and expiry date.