Paying the fees for a real estate residency permit in Turkey is a crucial requirement for obtaining this type of residency, which many foreigners seek to enjoy its benefits. This is achieved by purchasing a property in one of Turkey's provinces under certain conditions outlined by Turkish law.

If you are curious about the fees required for this residency and want to know more details about it, such as its nature, requirements, application steps, and renewal process, you are in the right place.

Skyline Real Estate will provide you with all this information, as well as highlight the key advantages you'll enjoy once you obtain the real estate residency permit. Additionally, we'll explain the differences between real estate residency and tourist residency.

We hope you find this reading both enjoyable and informative.

What Are the Fees for Real Estate Residency in Turkey?

Real estate residency can be defined as a temporary, annually renewable residency permit granted by the Immigration Department of the Turkish Ministry of Interior after purchasing a property in Turkey, regardless of its size and specifications.

This residency allows the holder to legally reside in Turkey and enjoy many benefits, which we will discuss later in this article.

The cost of a real estate residency is calculated based on the value of the property you intend to purchase in Turkey. You must pay a fee equivalent to 9.7% of the total property price.

There are additional fees to be aware of, including earthquake insurance, title deed fees, health insurance, property valuation documents, and property card fees, as well as costs related to real estate residency tax.

You will also need to pay a residency card replacement fee of $18 USD and a visa entry card replacement fee of $115 USD. Additionally, there are foreign nationality costs ranging from $10 to $80 USD.

Notably, the total cost of obtaining a real estate residency permit is not expensive, typically not exceeding $500 USD.

What Are the Requirements for Obtaining Real Estate Residency in Turkey?

The Immigration Department will not grant real estate residency unless the following conditions are met:

• The foreign citizen must purchase a property, provided that their nationality is not among those restricted from owning property in Turkey.
• The property must be valued at $200,000 USD in both major and minor provinces.
• The property must be residential and not used for any other purpose.
• The property must not be located near military, security, or restricted areas for foreigners.

Additionally, the required documents include:

• Residency application form.
• A copy of the passport or its equivalent.
• Four biometric photos.
• A visa with an entry stamp to Turkey.
• Proof of financial ability to stay in Turkey throughout the residency period.
• Receipt of payment for the real estate residency fees.
• Health insurance.
• Proof of address registration.
• Title deed document.

Steps to Obtain Real Estate Residency in Turkey

The process to obtain this residency is straightforward and involves a few steps:

1. Ensure all the above conditions are met.
2. Prepare the required documents for the application.
3. Schedule an appointment to submit the documents via the Turkish Immigration Department’s website or by phone.
4. Submit all required documents.
5. Pay the real estate residency fees.
6. Wait for the approval of your real estate residency application.

By following these simple steps, the Immigration Department will grant real estate residency to you, your spouse, and children under 18.

How to Renew Real Estate Residency in Turkey

As mentioned, real estate residency is a temporary permit that must be renewed annually. The renewal process includes submitting a renewal application to the local immigration office and providing the following documents:

• Property title deed: A copy of the property deed used for obtaining the initial residency permit.
• Tax payment receipt: A copy showing that the taxes and fees related to the residency permit have been paid.
• Health insurance: Proof of valid health insurance.
• Passport: The passport and a copy of the data page.

Advantages of Real Estate Residency in Turkey

Once you obtain real estate residency, you will enjoy several benefits, including:

• The legal right to reside and travel within Turkey.
• Access to education, health insurance, and medical treatment in a country known for its advanced education and healthcare systems.
• The ability to easily renew the residency annually as long as you own the property.
• Real estate investment in Turkey is lucrative due to the booming real estate market and increasing property values.
• The fees for real estate residency in Turkey are reasonable compared to those in Europe and the USA.

Difference Between Real Estate Residency and Tourist Residency in Turkey

Many people confuse real estate residency with tourist residency, but they differ in several aspects:

• Duration: Tourist residency is granted for a limited period and can be canceled based on changing governmental regulations, whereas real estate residency is granted for an unlimited period as long as the property deed is present.
• Application: Tourist residency requires a rental contract, while real estate residency requires a property deed.
• Purpose: Tourist residency is typically for short stays not exceeding 90 days for tourism or medical treatment, whereas real estate residency is for owning property and residing in Turkey.
• Renewal: Renewing real estate residency is easier and only requires proof of continued property ownership, while renewing tourist residency requires meeting certain conditions and providing reasons for renewal.

Conclusion

Skyline Real Estate has provided detailed information on the fees for obtaining real estate residency in Turkey, the necessary conditions, required documents, steps for application, and the benefits of this type of residency. We also highlighted the differences between real estate residency and tourist residency.

If you have further inquiries about real estate residency and property ownership in Turkey, feel free to contact us directly for assistance.