Differences Between Real Estate Residency and Tourist Residency in Turkey

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If you are considering moving to Turkey or investing in it, understanding the differences between Real Estate Residency and Tourist Residency in Turkey can be key to making the right decision!

While Tourist Residency provides opportunities for exploration and quick mobility, Real Estate Residency offers long-term stability with additional benefits.

In this article from DeCorner Homes, we will review the main differences between these two important types of residence permits in Turkey, helping you make the most suitable decision based on your needs and goals.

Discover how each type of residency can impact your lifestyle and investment in this beautiful country.

 

Real Estate Residency in Turkey

Real Estate Residency in Turkey is granted to foreigners who purchase property within the country, and the residency permit remains valid as long as the property owner retains ownership.

This type of residency is considered one of the most robust and secure in the Republic of Turkey, as it also covers the spouse and children under the age of 18, ensuring stability and comfort for you and your family in Turkey.

 

Advantages of Real Estate Residency in Turkey

 

The main benefits of Real Estate Residency in Turkey include:

·      Annual renewal of Real Estate Residency is easier compared to other types.

·      Eligibility to apply for Turkish citizenship after 5 years.

·      Access to education and healthcare services at reduced rates.

·      Freedom of movement and business management within Turkey.

 

Requirements for Real Estate Residency in Turkey

To ensure you obtain Real Estate Residency without delay, you must meet the following conditions:

·      Owning a property designated for residential use in Turkey, such as a house, apartment, or villa.

·      The property's value must exceed USD 200,000, according to an official valuation report.

·      Obtain a property valuation report that meets the minimum value requirement.

·      Register the property with the Land Registry Office and receive the title deed in the new owner’s name.

·      Submit all personal documents translated and notarized by a notary public in Turkey to ensure a smooth process.

 

Tourist Residency in Turkey

Tourist Residency in Turkey was introduced as a practical alternative to the multiple-entry visa, which allowed foreigners to stay for no more than 90 days per year. The Immigration Administration issued this type of residency to align with current developments, making it a flexible option that can be adjusted according to changes.

 

Advantages of Tourist Residency in Turkey

The advantages of Tourist Residency in Turkey include:

·      To obtain a work permit, you generally need another type of residency in Turkey, usually a Tourist Residency permit.

·      Ability to establish a company and complete government transactions in your name.

·      Open a bank account in Turkish and international banks.

·      Enter and exit Turkey without the need for a visa.

·      Apply for visas to other countries.

·      Freedom of movement and business management in Turkey.

·      Enrollment of your children in Turkish schools and universities.

·      Supports property ownership and investment.

·      Purchase a car and obtain a driver’s license in Turkey.

 

Requirements for Tourist Residency in Turkey

To obtain Tourist Residency in Turkey, you must meet the following conditions:

·      Entry into Turkey must have been lawful.

·      Your passport must be valid for at least 6 months.

·      Apply for Tourist Residency before your entry visa expires.

·      Provide a valid health insurance policy within Turkey.

·      For some nationalities, a bank statement showing a balance exceeding $5,000 may be required for renewal.

·      For some nationalities, a medical report may be required.

 

Differences Between Real Estate Residency and Tourist Residency in Turkey

 

The differences between Real Estate Residency and Tourist Residency in Turkey are as follows:

1.   Duration of Stay in Turkey

The duration of stay between Tourist Residency and Real Estate Residency in Turkey varies significantly. Tourist Residency is granted for a limited period, ranging from a few months to one year, and can be adjusted or canceled according to prevailing laws.

In contrast, Real Estate Residency provides longer stability, as it can be granted for up to two years with the possibility of easier annual renewal. It is usually not canceled or delayed as long as the property title deed (Tapu) remains in the name of the residency holder.

 

2.   Renewal of Residency

Renewing Real Estate Residency in Turkey is much easier than renewing Tourist Residency in 2024. Once you own a property, you can renew your residency annually without complications by presenting the property number known as (Numra Taj).

On the other hand, renewing Tourist Residency requires more complex procedures and approvals depending on the nationality of the applicant.

 

3.   Purpose of Residency

Tourist Residency in Turkey is intended for short-term purposes, such as quick travel, tourism, or treatment for several months.

In contrast, Real Estate Residency aims at investment and ownership, providing long-term stability with the possibility of later converting it into other types of residence permits in Turkey and an opportunity to apply for Turkish citizenship once the required conditions related to property duration and value are met.

 

4.   Reliability

Real Estate Residency in Turkey offers a higher level of security compared to Tourist Residency, as it is directly associated with investment and ownership. Meanwhile, Tourist Residency is merely a form of short-term visa with a limited time frame.

Based on the above, Real Estate Residency in Turkey surpasses Tourist Residency in many aspects, such as ease of renewal, continuity assurance, and additional benefits.

 

Additional Details on Real Estate Residency in Turkey

Here are some important highlights about Real Estate Residency in Turkey:

1.   You can extend residency benefits to your spouse and children under 18 years old once you obtain Real Estate Residency.

2.   Investing in real estate in Turkey allows you to generate profit and earn substantial financial returns.

3.   You can sell the property later and recover your initial investment along with a reasonable profit after some time.

 

Conclusion

To sum up, the differences between Real Estate Residency and Tourist Residency in Turkey are evident in terms of stability and the opportunities each provides.

While Tourist Residency offers a short-term stay with limited flexibility, Real Estate Residency comes with extensive benefits, including reliable real estate investment options and long-term advantages for you and your family.

 

If you’re considering relocating and settling in Turkey, we at DeCorner Homes recommend investing in a property and securing a Real Estate Residency.

We are here to guide you through every step of finding a property that meets the Real Estate Residency criteria, and we offer complete support for all legal procedures involved before and after your purchase.

Take advantage of our team’s expertise, which includes over 10 years of experience in the Turkish real estate market. Contact us now for a free, quick consultation via WhatsApp. We look forward to being your partner in achieving success with your move and investment.

 

Welcome!

 

Edited by: DeCorner Homes©

Source: General Directorate of Migration Management in Turkey