Conditions for real estate residency in Türkiye

It is necessary to make sure that you meet the conditions of real estate residence in Turkey before applying for it, as this residence is one of the distinctive options for foreigners to settle and invest in Turkey.

Learn with Skyline Real Estate about the most important conditions that must be met by you to obtain real estate residency, what are the procedures for obtaining it, the documents required for that, and finally you will learn about its advantages, and we will explain to you the difference some important points about this residence at the end of the article.

We wish you good follow-up and useful reading.

What are the conditions of real estate residence in Turkey?

Real estate residency is one of the facilities provided by the Turkish government to foreigners who wish to own and live in it, as it encourages them to own a property in it by granting them a real estate residence with which you can exit and enter Turkey without the need to obtain a visa.

But to obtain real estate residency in Turkey, you must meet the following conditions first:

1. Owning a residential property in any Turkish state, and it must be a property for the purpose of housing specifically, as residence is not granted on commercial real estate or on land, for example.
2. The minimum price of the property should be at least $200,000.
3. The presence of the person applying for residency in Turkish territory, specifically at the date of the interview, which he must attend in person at the Turkish immigration directorates, as no one can act on his behalf in this particular procedure.
4. Not to buy real estate in areas where foreigners are prohibited from owning for the purpose of real estate residence, such as the Fatih area in Istanbul, for example.

On the other hand, it should be noted that it is necessary to make sure that you can stabilize yourself and that the area in which the property is located does not fall within the neighborhoods prohibited to foreigners in Istanbul.

Thus, we have presented to you the most important conditions for real estate residence in Turkey, so let's now move on to talk about how to obtain them.

What are the procedures for obtaining real estate residency in Turkey?

It will require you to follow a set of steps that it is necessary to follow sequentially to avoid falling into any problems that lead to wasting time and effort, and these steps are:

1. Buying the property and obtaining the title deed "Tabu".
2. Enter your data on the electronic system of the Directorate of Immigration and make an appointment for an interview.
3. Prepare the required documents and deliver them to the responsible employee on the day of the interview.

After you carry out these procedures, your application will be evaluated for a maximum of 90 days, during which the response by the Immigration Department will either grant the applicant real estate residency or refuse to grant it for a reason to be determined.

It is worth noting that real estate residency cannot be limited to a certain period, as  this subject is estimated by the Immigration Department, but it is usually granted for a year in its first extraction and then for two years.

What are the documents and fees required for real estate residency in Turkey?

Paying fees and preparing some documents is one of the most important conditions for real estate residence in Turkey, and these documents are often as:

• A copy of the title deed (Tapu), a document for the building number plate, issued by the municipality in which the property is located, NUMARATAŞ.
• A current document of the property by the Directorate of Land Title in which the property AKTİF TAPU is located.
• A copy of the earthquake insurance "DASK".
• Document of confirmation of souls either through the electronic portal or by the district mayor.
• Pay the required fees and show the notices to the Immigration Directorate.
• Health insurance papers for the applicant for at least two years.
• Personal photos that are within the biometric standards.
• Birth certificate or family declaration document stamped by the Turkish Ministry of Foreign Affairs and Consulate and certified by the Wali, if the applicant is under 18 years old.

As for the required transaction completion fees, they do not exceed an average of 250 US dollars, and are usually paid for the value of health insurance, the value of the card tax,  the value of the visa allowance, the value of the appointment allowance, and the value of preparing the entire file.

What are the advantages of obtaining real estate residency in Turkey?

As we mentioned in the introduction, owning a property in one of the states of Turkey and granting you real estate residency because of it will open the door for you to enjoy many advantages, the most important of which are:

• Enjoy with your family all the rights of residence and living in Turkey.
• The possibility of entering and exiting Turkey without the need to obtain a visa for each time you return or exit from Turkey.
• The possibility of opening a bank account in a Turkish bank.
• The value of real estate residency is high compared to other types of residence such as tourist residency, work residency, and student residence.
• The possibility of applying for Turkish citizenship, after 5 years of renewing this residence, but of course within certain conditions, the most important of which is not to leave Turkey for 180 days over these five years, and if the value of your properties reaches 250 thousand US dollars.
• Ease of movement between different Turkish states.
• Expanding the investment business of real estate.
• Access to free services provided to citizens.
• The right to education in various public schools and public universities.
• Access to free services in Turkish government hospitals.
• Obtaining permanent residency after 8 years of obtaining real estate residency, but it is also required that you have not left Turkey for more than 3 months during this period.

What is the importance of obtaining Turkish real estate residency for investors?

Obtaining real estate residency in Turkey is a starting point to expand your investment projects in the real estate market, which is witnessing today a boom and a rise in daily sales as a result of the increased demand, whether internally or externally, for real estate, thus ensuring great profits.

Not to mention, obtaining it will allow you to live in a country that enjoys a high degree of stability and security and also enjoys a well-developed service infrastructure.

Do not forget also that obtaining real estate residency may allow you to obtain a Turkish passport, which entitles its holder to enter most countries of the world without a visa or with a visa, of course after obtaining Turkish citizenship.

Important information about real estate residency

• Investors with Syrian nationality cannot buy a property in Turkey, and therefore cannot obtain real estate residency, but they can obtain other types of residency such as refugee residency.
• Real estate residency can be granted to the owner's family if their names are registered in the title deed, i.e. the property must be registered in the names of family members through certain quotas for each individual.
• There is a difference between tourist residence and real estate residence, as  tourist  residence is a short-term residence extracted for the purpose of tourism and is associated with a tourist program, while real estate residence is piled up based on the presence of the property in the name of its holder and confirmation of his stability in it.
• The recent amendments to the Real Estate Residency Granting Law passed in 2022 will not include foreigners holding real estate residency before the new decisions are issued and come into effect.

Read also:

Earthquake resistant buildings in Turkey

Here ends the Skyline Real Estate article, through which we talked about the conditions of real estate residence in Turkey, how to obtain it and its many advantages.