Complete Guide to Real Estate Residency Conditions in Turkey: A to Z

• 

Investing in property in Turkey is a pathway to stability in a beautiful country that seamlessly combines tradition with modernity. If you’re contemplating real estate ownership and a secure lifestyle, understanding the real estate residency conditions in Turkey is the crucial first step.

At DeCorner Homes, we are here to help you every step of the way. We will provide you with essential information, covering everything from the straightforward procedures to the advantages of acquiring real estate residency in Turkey.

With our assistance, you can confidently embark on your journey toward obtaining legal residency and experience life in one of the most attractive destinations worldwide for families, retirees, and those looking to invest in real estate in Turkey.

 

Real Estate Residency in Turkey

Turkey has emerged as a popular destination for expatriates and foreign residents in recent years, thanks to its free economy, strategic geographic location, and supportive government policies.

This has led to a growing interest from various nationalities, with many seeking information about the conditions for real estate residency in Turkey, including Egyptians and others.

As a result, it’s not surprising to see more investors turning to the Turkish real estate market in search of promising opportunities and a bright future, as well as seeking a hassle-free way to settle in this vibrant country.

Real estate residency in Turkey is a document issued by Turkish immigration authorities that provides multiple privileges and rights to its holder. These benefits include the ability to reside in Turkey for extended periods and the convenience of entering and exiting the country without the need for a visa.

 

Additionally, it grants access to healthcare and education services, making it essential for a comfortable and stable life. This residency is available to individuals who buy property in Turkey and meet certain requirements.

Furthermore, the holder can extend these privileges to their spouse and children, ensuring family stability and an enhanced quality of life for all family members.

 

Real estate residency conditions in Turkey

To obtain real estate residency in Turkey legally, several conditions must be met. Here are the key requirements:

 

1.   Buying Property in Turkey

Buying property in Turkey requires a foreigner to own a property designated for residence, whether it is a house or an apartment, provided it is used for residential purposes.

This property opens the doors to stability in Turkey for its owner, granting them the opportunity to enjoy a new life in an ideal environment that combines comfort with smart investment.

It is worth noting that there are a few countries whose citizens are not allowed to own property in Turkey. For example, despite the extensive search for the conditions of property residency in Turkey for Syrians, they are currently not permitted to purchase properties in Turkey, and thus cannot obtain property residency.

However, they can establish a commercial company and then purchase property and register it in the company's name. In this case, they can apply for other types of residence permits in Turkey, such as tourist residency and work residency.

 

2.   Property Value | One of the Most Important Conditions for Property Residency in Turkey

The conditions for property residency in Turkey stipulate the purchase of a property valued at more than $200,000 in one of the Turkish cities, including purchasing property in Istanbul on both the European and Asian sides.

 

3.   Property Valuation Document

A report from a certified property valuation company must be attached, indicating the current market value of your property. The property valuation report must match the value specified as the minimum according to the new real estate residency law in Turkey.

For example, if you recently purchased your property, the value in the property valuation report must exceed $200,000 for your application for property residency to be accepted for the first time or upon renewal.

This report plays a crucial role in determining eligibility for property residency and is a fundamental step for the success of your investment in Turkey, ensuring you maximize the available opportunities.

 

4. Property Registration with the Land Registry Office

Registering the property with the Land Registry Office in your name and obtaining the title deed (Tapu) is an essential step in the conditions for real estate residency, ensuring you have full legal ownership of the property.

 

5. Securing Necessary Documents and Papers

It is crucial to secure all supporting documents and papers required according to the laws of real estate residency in Turkey. This is an essential step that cannot be overlooked to ensure the correct processing of your application for property residency.

Preparing these documents accurately guarantees you make the most of your investment and complete the procedures for obtaining property residency in Turkey correctly.

 

Documents Required for Obtaining Property Residency in Turkey

To obtain property residency in Turkey, you will need to provide a set of essential documents. Below is a list of the required items:

1.   Title deed (Tapu).

2.   Property valuation report.

3.   Earthquake and disaster insurance (DASK).

4.   Health insurance.

5.   A valid passport with at least six months remaining.

6.   A translated and notarized family registration document.

7.   Four passport-sized photos for each family member.

8.   A birth certificate or family document stamped by the Ministry of Foreign Affairs for children under 18.

 

 

Key Tips for Purchasing Property that Meets the Conditions for Property Residency in Turkey

Here are some important tips to keep in mind when purchasing property that qualifies for property residency:

·      Ensure the property's value is over $200,000.

·      Obtain an official property valuation report from a recognized authority.

·      Select a strategic location for the property in major cities or emerging tourist areas.

·      To comply with the legal requirements for property residency in Turkey, confirm that the property is registered in the land registry (Tapu) and is free from any legal issues.

·      Assess the condition of the building, particularly if the property is still under construction, and check the developer's track record.

·      Ensure all official documents, including the title deed, sales contract, and identity verification documents, are complete and properly translated and certified by relevant authorities.

·      Engage a lawyer who specializes in Turkish real estate to ensure that all legal procedures are followed correctly.

·      Consider investing in a property that is likely to increase in value over time, allowing for potential gains when reselling or renting.

·      Be aware of additional fees and costs, such as taxes, insurance, and maintenance expenses.

 

In Nutshell

Understanding the real estate residency conditions in Turkey in 2024 is a crucial step toward ensuring a successful investment and a stable future in one of the fastest-growing real estate markets this year.

By adhering to the necessary conditions, you can maximize the opportunities available and enjoy the benefits of life in Turkey, whether for residence or investment. Therefore, it’s essential to prepare well and consult experts to ensure a smooth and secure experience in achieving your dream of living in this beautiful country.

At DeCorner Homes, we are ready to assist you in finding the perfect property that meets the requirements for property residency in Turkey, offering a portfolio of premium properties within the best projects and residential complexes.

We also facilitate all legal procedures, from purchasing the property to obtaining property residency for you and your family at no additional cost!

 

Feel free to reach out for free consultations and connect with us via WhatsApp to ensure you meet all the conditions for property residency in Turkey and learn more about its numerous advantages.

 

Copyright: DeCorner Homes ©

Source: Immigration Administration