All you need to know about real estate residence permit Turkey 2022

Created: 2022-05-09
Last Updated: 2024-04-19
Views: 2789

Content Index

Definition of real estate residence
Advantages of real estate residence
Conditions for obtaining real estate residency
The required documents to obtain a real estate residence
Important notes for the investor should know
Reasons for obtaining real estate residency:

Only 1% has just get Turkish citizenship from total foreign investors that have purchased real estate in Istanbul, but the vast majority of investors have purchased real estate much less than the amount of Turkish citizenship. According to data from the Turkish Statistics Authority show a steady increase in real estate sales to foreigners over the past five years from 2016 to 2021, Turkey witnessed the sale of about 2.8 million properties in 2021, during the period between January to November 2021, the total transactions of real estate sales in Turkey amounted to two million and 768 thousand and 262 transactions, while the number of foreigners who obtained Turkish citizenship reached about 20,000 foreigners since mid-2018 until now, and this means that only 1% of investors have purchased real estate with the aim of obtaining Turkish citizenship.

Turkish state was smart as it did not target those looking for obtaining Turkish citizenship only, but rather all investors of all types, as it also targeted the investors whose their budgets is less than the amount of citizenship, and placed advantages for them to encourage them to buy real estate in Turkey, one of these advantages were Real estate residency, which the investor obtains once he get the title deed of the property. Residency permits granted by the Turkish Ministry of Interior to foreigners, because There are many types of permit residence in Turkey including tourist permit residence, humanitarian, educational, student, and real estate residency permits. In this article, we are going to focus at Real Estate permit residence, and we will provide you with all you may need to know about the real estate residency, and its terms and advantages.

Definition of real estate residence

It is a short-term residence (one year and renewable), granted by the Turkish authorities to a foreigner who owns a residential property provided that it is used for the purpose of housing, which is means it is not granted if the property for getting profits like shops or agricultural lands.

There is no minimum value of the property or its area to obtain real estate residency, as the foreign investor can obtain real estate residency by buying an apartment even if it is a studio with one room, with any price and in any town you want in Turkey, and the law of real estate ownership is available to all nationalities, but with the exception of some nationalities are not allowed to own property directly in Turkey, and these nationalities are Syria, Armenia, North Korea and Cuba.

Advantages of real estate residence

There are several advantages when obtaining real estate residence in Turkey, which are:

• Staying in Turkey legally without feeling the threat of deportation, as it may happen to the holders of tourist residence.

• Granting tourist residence to the family of the property owner, the wife and children under the age of 18.

• In case that their names are written in the apartment title deed, they will obtain the real estate residence permit as well.

• The annual renewal of the real estate residence is better than the rest of the residence permits, which sometimes are not renewed.

• you can travel easily to Turkish cities without the need for a travel permission.

• Obtaining free education and health care services in Turkey.

• The investor or property owner has the right to apply for a long-term residence in Turkey after eight years of residence in Turkey.

• Real estate residency in Turkey does not grant its owner the right to obtain Turkish citizenship unless the property price exceeds $250,000, in this case the property owner can apply for Turkish citizenship.

Conditions for obtaining real estate residency

There are no specific conditions for obtaining real estate residency other than those mentioned in the definition, which is owning an apartment dedicated exclusively to housing and not for any other purpose.

The required documents to obtain a real estate residence

To be able to obtain a real estate residence permit in Turkey, there are some required documents must be available to submit to the Immigration Department at the time of submission, and these documents are:

• Original and copy of the title deed of the real estate that the investor has already purchased.

• Registration of NUFUS that is extracted from the NUFUS Department.

• Earthquake insurance for the property DASK.

• A copy of the first page of the passport. For Syrians, a copy of the first and second pages

• A copy of the entry visa to Turkey.

• 4 biometric personal photos, size 5 * 6

• A valid health insurance document valid for the owner of the property throughout the date of the residence period for the property owner.

• A title deed document that is extracted from the Tapu Department, which must be submitted to the Immigration Department at the time of submission.

• A family statement for the children and the wife translated into Turkish language and certified by the Turkish embassy in the investor’s country or from the Noter Department in Turkey. It can also be extracted from the investor's embassy in Turkey to be certified by the Qaim Maqam and used directly.

• Numarataj and it is extracted from the municipality.

• Paying the residence tax at the Tax Department.

Important notes for the investor should know

- Real estate residency is granted in case of buying a property with the purpose of living and housing in any area within Istanbul, including Fatih and Esenyurt, and the Turkish Ministry of Interior’s decision not to grant permit residency for foreigners who live in these areas, this decision concerns tourist residency, but if the property is owned in Esenyurt and Fatih, the investor has the right to obtain Real estate residence.

- The owner of the property cannot grant his family a “real estate residence” unless they have a legal share in this real estate, if the investor writes their names in the title deed, but a foreigner can grant his family (a wife and all his children under the age of 18) a “family residence”.

- Syrians are one of the nationalities that Turkish law does not allow them to own real estate directly in the Turkish Republic, but they have the right to own property by establishing a company and registering the property in the name of that company.

- The duration of real estate residence in Turkey is usually granted for one or two years, with the possibility of renewing it as long as the property written by the name of the investor.

- Make sure to submit the application before the expiry of the entry visa you entered Turkey, and the same thing for your family members.

- The passport (or travel document) must be valid for more than 6 months, and if the period is less than this, you can apply and then renew the passport in your country.

- If the application is for a family, all the previous steps should be followed with separate file should be prepared for each family member, and each family member will get his own interview appointment, as the interview date issued by the Immigration Department is a personal appointment for the applicant.

- Parents must accompany their children under the age of 18 during the interview.

- Payment of fees should be paid in cash and by local currency Turkish Lira as bank transfers and credit cards are not accepted, so be sure to bring enough money to pay the application fee, and if the applicants are a family, payment is for each application separately.

Reasons for obtaining real estate residency:

Certainly, there are many reasons that push a foreigner to obtain real estate residency in Turkey specifically without other types of residency or to prefer it without going to any other developed and sophisticated country around the world, such as European countries that are known for their luxury, sophistication, and distinction on the urban level in particular.

1- Prevalent lifestyle:

In fact, we have many reasons that encourage a foreigner to apply for it, the most prominent of which is the desire to reside and settle in a sophisticated and advanced place such as the Turkish state, where lifestyles are very similar to the prevailing Western style in the European Union countries, at the same time, it is characterized by the spread of the eastern character, which made it the first choice for the Arab citizen.

2- Real estate prices:

Real estate prices in Turkey are one of the most important motives that encourage foreigners to buy real estate in Turkey. In this country, you will not get an ordinary property, but rather a model of luxury, sophistication and modernity. Real estate in Turkey is built according to international standards.

3- Flexibility of laws:

One of the reasons that encourages you to buy real estate in Turkey in order to obtain real estate residency is that the Turkish government has provided a lot of facilities in order to obtain it.

It is only required that the price of the property be a minimum of $75,000 + that it is intended for housing. In this context, it should be noted that when buying a commercial or tourist property, it will not be appropriate to apply for it.

4- Strong economy:

The Turkish economy has encouraged many foreigners around the world to own real estate in Turkey. Its rapid growth is an important indication that there is a possibility of obtaining high profits in real estate investment.

It is expected that real estate prices will rise at high rates that may exceed fifty percent by 2030, and this is what was announced by a European study.

What you do not know about this residence is that it intersects with the tourist residence with many details and advantages, but the real estate residence is stronger in terms of ease of obtaining and in terms of renewing it when you wish to do so.

Although the real estate residence is short-term, this is not considered a downside, as it can be renewed annually as long as the foreigner is the owner of the property.

According to many statistics issued by the Turkish Statistics Authority, a wide category of those who come to buy and own real estate in Turkey in general and Istanbul in particular aim to obtain Turkish citizenship and real estate residence through it as it is a way to stay on the Turkish land on the one hand and on the other hand it facilitates their investment work and opens a wider door for them to profit and reap abundant returns.

Finally, do not forget that this residence can be obtained within a short period after applying for it and completing the required procedures.

At Ramzy Real Estate Company, we are glad to accompany you on the journey of buying property in Turkey and to provide you with a range of services to make the process smooth and easy , as we are always keen to present a variety of options for residential and investment properties in addition to helping you obtain Turkish citizenship for those looking for it.
Our services:
- Legal advice .
- Property Management.
- After-sales services .
- Legal services and obtaining Turkish citizenship.
- Buying and selling real estate in Turkey.
- For more details, you can contact us via the communication platforms or via the WhatsApp attached on the site.