Among all types of residencies, real estate residency in Turkey is considered the best and most distinguished. Besides owning a property in Turkey, you can obtain an official residency permit legally. This residency is granted by the Turkish government to anyone who purchases real estate or owns immovable property on Turkish soil, whether they are foreigners or Arabs. To learn all about real estate residency, its benefits, and how to obtain it, follow this article by Skyline Real Estate.

How to Obtain Real Estate Residency in Turkey

After purchasing a property in Turkey, you need to obtain the title deed (Tapu) and book an appointment online. Then, prepare all the required official documents, ensure you attend the personal interview at the scheduled time, pay all the fees, and wait for the residency permit to be sent via mail to the address you provided.

Required Documents for Turkish Real Estate Residency:

To obtain real estate residency, you need to prepare the following important documents:

1. Fill out the real estate residency application form.
2. A valid visa and passport with a validity of at least 6 months.
3. Earthquake insurance document and health insurance.
4. Personal photos of the applicant.
5. A document proving a stable and good monthly income in the bank for the applicant.
6. A family statement, translated and certified by a notary and the embassy of the applicant’s home country.

Duration of Real Estate Residency for Foreigners in Turkey

Real estate residency in Turkey is temporary, granted for one or two years and is renewable. The duration of the residency granted does not vary between different provinces or cities in Turkey. Instead, it depends on the validity of the applicant’s passport and the coverage period of the health insurance, whether for one or two years.

Conditions for Obtaining Real Estate Residency in Turkey

The Turkish government has issued several conditions for foreigners and Arabs who wish to obtain real estate residency in Turkey, including:

• Purchasing property regardless of its price, type, or characteristics.
• Ensuring that the area where the property is located is not restricted for foreign ownership, such as military or security zones.
• The applicant should not be from one of the nationalities prohibited from owning real estate in Turkey, such as Cypriot, Armenian, Syrian, North Korean, or Cuban nationals.
• The purpose of purchasing the property should be for residence, not for commercial purposes.
• The property should be registered in the name of the applicant seeking real estate residency in Turkey.

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Benefits of Real Estate Residency in Turkey

This type of residency in Turkey offers several benefits for the holder, including:

• Real estate residency is granted to the investor, their spouse, and children under 18.
• It is easy to renew real estate residency under certain conditions, which distinguishes it from other types of residency in Turkey.
• After eight years of renewing real estate residency in Turkey, the holder can obtain long-term residency.
• The holder can access various services such as education and healthcare for free or at low costs.
• The holder can apply for Turkish citizenship if their property is valued over $250,000, as this is one of the conditions for obtaining Turkish citizenship.
• Real estate residency shares many similarities with tourist residency but is generally stronger in terms of ease of renewal and duration.

Cost of Obtaining Real Estate Residency in Turkey

The costs for real estate residency in Turkey are limited to the fees for obtaining all the documents and other related expenses, such as translating and notarizing some documents. It approximately amounts to 9% of the total property price.

Why Do Foreigners Consider Real Estate Residency in Turkey?

Apart from the desire of many people to obtain residency in Turkey, there are several reasons driving them to seek it, including:

• Many people view Turkey as a suitable environment for living due to its stability, security, and various amenities and relaxation facilities.
• Living costs in Turkey are relatively low, especially when compared to other countries.
• Property prices in Turkey are affordable and suitable, with options available for higher-priced properties with more features, making it suitable for everyone.
• Properties in Turkey are of high quality, with modern and advanced designs.
• Education in Turkey offers valuable opportunities, granting globally recognized certificates.
• Turkey is a promising venue for launching various projects and earning significant profits.

Types of Residency in Turkey

The Turkish government has issued laws for foreigners and Arabs who wish to come to Turkey, allowing them to obtain different types of residencies suited to each individual. The types of residency in Turkey include:

• Tourist Residency
• Real Estate Residency
• Student Residency
• Family Residency
• Work Residency
• Humanitarian Residency
• Permanent Residency

Each type of residency has specific conditions and varies in duration, renewal process, costs, and benefits.

While the residency card in Turkey can be classified into six main types, it is not limited to just tourist or real estate residencies. Each type has its conditions and unique characteristics. Through this article, we discussed the conditions of real estate residency in Turkey. If you have any further inquiries about residencies in Turkey, feel free to contact us at Skyline Real Estate.

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