Turkish Real Estate Residency: A 2024 Guide

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Dreaming of a life where vibrant culture meets stunning landscapes? real estate residency in Turkey offers a unique pathway to make that dream a reality. More than just a place to visit, Turkey welcomes you to invest in its thriving property market and enjoy the stability of long-term residency.

Unlike a tourist visa, real estate residency opens doors to a world of benefits, from investment opportunities to an easy renewal process. In this guide, DeCorner Homes will walk you through the steps to obtain residency, highlight its unique advantages, and reveal the exciting possibilities that await you in this captivating country.

 

Real Estate Residency in Turkey

A foreigner who owns property in Turkey can apply for real estate residency, which is renewable annually based on their property deed.

Real estate residency is one of the most sought-after residence permit types in Turkey. It is granted to the property owner and their family for one or two years, provided the residential property exceeds $200,000 in value, regardless of its size.

This permit is issued by the Turkish Immigration Department and includes all family members directly linked to the property owner, granting them legal residence and the benefits of living in Turkey.

 

Real Estate Residency Laws in Turkey 2024

According to Turkish Law No. 6458, specifically Articles 31, 32, and 33 concerning foreigners and international protection, the conditions for obtaining real estate residency in Turkey are defined. Articles 28 and 29 of the executive regulations add further details about implementing this law.

This legal framework allows property owners to apply for a renewable short-term residence permit, providing a legal residency opportunity for real estate investors in Turkey.

 

 

Conditions for Real Estate Residency in Turkey 2024

To ensure a smooth legal process, the 2024 requirements for obtaining real estate residency in Turkey include the following key conditions:

1.   Property Ownership

o   Foreigners must own residential property, such as an apartment or house, for residency purposes. This enables a new life in Turkey, blending comfort with smart investment.

2.   Property Value

o   The property must exceed $200,000 in value in regions like Istanbul, Ankara, and Izmir, enabling easy access to real estate residency in Turkey.

3.   Property Appraisal

o   An official property valuation report ensures compliance with the required value, serving as a critical step in securing your residency and maximizing your investment in Turkey.

4.   Property Registration

o   Registering the property and obtaining the title deed from the Land Registry Directorate is essential for securing real estate residency in Istanbul or other cities.

5.   Document Preparation

o   Accurate preparation of all necessary documents ensures a smooth residency application process, allowing you to fully benefit from Turkey’s residency perks with confidence.

 

Advantages of Real Estate Residency in Turkey

The benefits of real estate residency in Turkey have attracted numerous investors to Istanbul and other cities. Key advantages include:

1.   Freedom of Movement

o   Property owners and their families can enter and exit Turkey without visas, enjoying unparalleled mobility.

2.   Residence Stability

o   The ease of renewal and continuity of real estate residency in Turkey makes it the ideal choice for permanent settlement.

3.   Financial Flexibility

o   Opening a bank account in Turkey allows seamless money management and receipt of international transfers.

4.   Visa Applications

o   Apply easily for foreign visas from consulates within Turkey.

5.   Driver’s License

o   Real estate residency in Turkey holders can apply for a Turkish driver’s license with ease.

6.   Vehicle Ownership

Turkish law allows real estate residency holders to own private vehicles, facilitating personal travel.

7.   Medical Insurance

A health insurance which is a residency requirement, ensures access to medical care at Turkish hospitals.

8.   Education Opportunities

Access to Turkish schools and universities, both private and public, for you and your family.

9.   Turkish Citizenship

Become eligible for Turkish citizenship by investing $400,000 in property, subject to specific conditions.

 

Required Documents for Real Estate Residency in Turkey

Essential documents for real estate residency application include:

·      Original title deed.

·      Property identification document (NUMARATAŞ) from the municipality.

·      Property status statement (AKTİF TAPU) from the Land Registry Directorate.

·      Earthquake insurance (DASK).

·      Residency certificate from the e-Government portal or neighborhood office.

·      Residency fee receipt.

·      Health insurance for each family member.

·      Four recent passport-sized photos.

·      Passport valid for at least six months.

·      Translated and notarized birth certificates or family statements for children under 18.

 

 

How to Obtain Real Estate Residency in Turkey

Follow these steps for a seamless application process:

1.   Prepare all required documents in advance.

2.   Access the Immigration Department website and fill out the application form.

3.   Schedule your appointment automatically with location details.

4.   Save and print the form as a PDF.

5.   Receive your appointment date via SMS.

6.   Pay taxes and fees at a tax office or online.

7.   On the appointment day, submit all required documents to the officer in a dedicated file.

 

Is Real Estate Residency Worth the Investment?

Absolutely. Real estate residency in Turkey is a smart investment due to its numerous benefits, such as long-term stability, full rights, easy renewal, and even the opportunity to qualify for Turkish citizenship if specific conditions are met.

Investing in property opens doors to legal security and economic opportunities, making it an enticing choice.

Remember, DeCorner Homes is here to help you achieve this goal quickly and legally. We offer exclusive real estate opportunities that meet residency conditions and provide complete legal support. Our team can even prepare your real estate residency file for free upon purchasing property through us.

Don’t hesitate to request a free consultation and connect with our professional team to achieve your optimal investment and fulfill your ambitions with confidence.

Edited by: DeCorner Homes©

Source: Immigration Department