Real Estate Residence in Turkey What is it? And When Do You Get it?

If you are interested in owning real estate in Istanbul or want to move to live and work in Istanbul, you must have heard the term real estate residence, what is meant by real estate residence? Who is entitled to it and what are its advantages?

Questions that you will find answers to in the following article ...

Real estate residence permit:

Real estate residency ... is the same as tourist residency, which many of the readers of this article must have obtained previously during their visit to Turkey, where the real estate residency permit does not differ from the tourist in form, but the difference lies due to grants and duration in some cases.

Real estate residency is a short-term residency, ranging between one and three years, and is renewed each time it expires, provided that the title deed of the real estate on which it was granted is presented.

A real estate residence permit is granted to every foreigner who owns real estate on Turkish lands, provided that the property is exclusively residential, while it is not granted to land owners or those who wish to own real estate in order to achieve profits and trade, meaning that those wishing to benefit from the tax exemption benefit are not covered by the real estate residence law.

What are the conditions for obtaining real estate residence in Turkey?

The Ministry of Interior does not require any condition other than what we mentioned in the definition of real estate residency in the first paragraph, and the value of the property, its location, or any of its specifications and advantages, is not taken into consideration, as the investor can obtain a real estate residency permit no matter how simple or luxurious his property is, small or large. .

What are the documents required to submit the application?

The documents required to apply for a real estate residence permit are very simple:

- Real estate title deed

- Property earthquake insurance

- Valid passport (at least 6 months old)

- Tax number

- Health insurance.

Which family member can obtain real estate residency?

Many real estate owners think that they can obtain the residence permit for their families while applying, which is wrong!

As the real estate residency is only granted to the person in whose name the property is registered, and his family cannot obtain the permit unless they share ownership of the property through shares registered in their names in the title deed of the property.

There is also another way to grant the family the right to legally reside in Turkey, by submitting a family residence application, through which the wife and children under the age of eighteen obtain an official permit to stay in Turkey.

Other permits for residence in Turkey:

Turkey is known as a country that honors guests, and in light of this, the Turkish Ministry of Interior issues different types of residence permits in its lands, most notably:

- Tourist accommodation

- humanity

- Studying 

- Therapeutic

- Work residence

- Temporary protection

And of course the real estate residence

Is it possible to obtain real estate residency in Esenyurt or Al-Fateh?

According to the law issued by the Ministry of Interior on 15/1/2021, residency issuance is no longer available in the Esenyurt and Al-Fateh regions, due to the enormous pressure the two regions are witnessing by foreigners who come to them for the purpose of housing and stability. if? Is it possible to obtain real estate residency if the property is located in one of these two areas?

Yes, it is certainly possible, but this decision does not include foreign property owners, but only renters or tourists.

It is noteworthy that the number of foreigners residing under a residence permit in Turkey has reached 1,333,410 foreign residents, according to reports by the Turkish Statistical Institute in 2020.

Editing by Ramzy Real Estate Team ©

Sources:

Turk Press 

Turkish Ministry of the Interior.