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Real estate residency in Türkiye

Have you ever wondered why Türkiye is so attractive to investors and tourists?
In this country, all factors converge that make it an ideal destination for financial investment and tourism. In addition to the charming nature and exciting tourist destinations, the Turkish economic situation is characterized by promising investment opportunities, especially in major cities such as Istanbul and Bursa. For this reason, many foreigners seek to obtain residency in Turkey to achieve freedom of movement within it and benefit from education and health services, as well as the opportunity to obtain Turkish citizenship after a period.

One of the easiest ways to obtain residency in Türkiye is by purchasing a residential property.
Turkey is one of the famous destinations for real estate residence thanks to its attractive advantages and promising investment opportunities.

In this article, we will take a look at the main steps and requirements for obtaining real estate residency in this country.

What is real estate residency in Türkiye?

Real estate residency is a document granted by the Turkish Immigration Directorate to real estate investors, and it has the ability to be renewed annually as long as the investor remains the owner of the property and lives in it.

Conditions for obtaining real estate residency in Türkiye

The Turkish government provides facilities for foreigners wishing to invest and reside. A person wishing to obtain real estate residency in Turkey must meet some conditions:

– Owning a home, whether it is an apartment, townhouse, or villa, and living in it.
– The property is not located in areas prohibited for foreigners to purchase homes.
– Not submitting nationalities banned by the Turkish government for possessing property, such as Syria, Armenia, and North Korea.
– The possibility for the wife and children under the age of 18 to obtain real estate residency by registering their share in the property.
– Compliance with the minimum property price, which was set at the end of 2023 at $200,000.

How to obtain real estate residency in Bursa

The journey to obtaining real estate residency in Turkey begins with purchasing the property and obtaining the title deed. After that, the person must schedule a consultation with the Turkish Immigration Directorate by filling out the application on their website. While awaiting the appointment, the individual must begin preparing the necessary paperwork, which includes:

– Title deed “Tabu”.
– Property insurance policy against earthquakes (DASK).
– A paper from the municipality containing the property number and coordinates (Numarataj).
– Tax number (can be obtained from the nearest tax department near the property).
– The passport is valid for a period of no less than 6 months.
– Medical Insurance.
– 4 personal photos.

On the day of the interview, the individual must ensure that he or she arrives on time. If the real estate residency application includes family members, everyone must attend the interview to submit the required documents.
After paying the fees required for residency in Turkey, it remains to wait to obtain approval and receive the document proving real estate residency.

Important points about why you should buy a property and obtain a real estate residence permit in Türkiye:

1. Turkish Citizenship Program: Turkey provides a citizenship acquisition program through real estate investment, allowing individuals to obtain Turkish citizenship when purchasing a property of a certain value. This is an important advantage for investors looking for permanent residence in Türkiye.

2. Flexible laws: Turkey opens its doors to foreign investors through flexible laws that allow them to own real estate easily with simple and clear procedures.

3. The popularity of the real estate market: The real estate market in Turkey is witnessing continuous growth and an increase in value, which makes real estate investment an attractive option for investors looking for lucrative financial returns.

4. Diversity of real estate offers: Turkey offers a wide variety of real estate offers in various designs and locations, providing opportunities to choose from a variety of options according to personal needs and preferences.

5. Comfortable and easy life: Turkey provides a comfortable and organized residential environment with all necessary services such as international schools, medical facilities and modern means of transportation.

If you are facing any inquiries about Turkish citizenship or purchasing residential or commercial properties in Turkey, do not hesitate to contact us.

Real estate residency in Türkiye