Real estate residency in Turkey is a type of residency that the Turkish government provides to investors for short periods ranging from one or two years, but the basis is that the property is used for the purpose of housing and not for profit purposes, as long as the property is in the person's name, the residency continues.
Conditions for granting real estate residency in Turkey
Purchasing a residential property in Turkey with a value of no less than $200,000 requires several documents and procedures, as a title deed document for the property (Tapu) must be available, in addition to the property’s DASK earthquake and disaster insurance, as it is also necessary to have a passport valid for a period of no less than six months, and a family statement that includes the names of the property owner, his wife, and his children in Turkish, duly certified. Furthermore, health insurance is required for all family members in Turkish territory.
Advantages of residency by owning a property in Turkey
Legal residency in Turkey becomes available to the property owner’s family, including his wife and children under the age of eighteen, as the real estate residency can be renewed very easily, allowing them to remain in the country continuously, as it is also possible to move between Turkish states without the need to obtain a travel permit, and it is allowed to receive education in Turkish schools and universities and residents can use Turkish health services including free treatment or receive significant discounts and after eight years of holding a real estate residence permit, it can be exchanged for permanent residency in Turkey, as it is also possible to apply for Turkish citizenship if the value of the property exceeds 400 thousand dollars.
Ways to obtain real estate residency in Turkey
To buy a property in Turkey worth $200,000, the buyer must obtain a real estate taboo document, by booking an appointment for residence from the official website designated for that, and preparing the necessary papers for submission, as you must appear in person on the day of the scheduled appointment or through an authorized agent to do so and after paying the residency fees, the papers are delivered to the relevant employee, followed by a waiting period ranging between 7 and 90 days until approval to grant residency is issued, as the real estate residence permit will be sent by the Immigration Presidency Branch to the buyer’s address via the Turkish Postal Corporation (PTT)
The cost of obtaining real estate residency?
The cost of real estate residency in Turkey is considered low compared to other countries, as it amounts to 9.1% of the property value.
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