Did you know that one of the reasons that drive foreigners around the world to buy and own real estate in Turkey is their desire to obtain real estate residency? It is considered one of the most important types of residency in Turkey as a result of the many privileges it offers its holder.
Because of the importance of this topic, it will be the focus of our discussion in this article, where we will discuss everything related to this residence, the conditions for obtaining it, and the reasons that motivate the foreigner to choose it.
We wish you a useful reading.
Should I buy an apartment in Turkey to obtain residency?
Do you know where the importance of real estate residence in Turkey came from? It is easy to obtain and can be renewed annually. To obtain this residence, it is only required that the property be suitable for housing, and there are no conditions that must be met in its value or in its area, in contrast to Turkish citizenship, which imposes specific conditions.
In addition to all of the above, the property must not be within a security or military zone, where foreigners are prohibited from owning real estate within it.
Advantages of real estate residence in Turkey:
Through the following paragraph, you will be able to learn about all the advantages and positives that you will get once you own a property in Turkey.
1 - Those who hold this residence permit can travel to and from Turkey at any time they want without needing to obtain a visa, and also have the right to move freely between the Turkish states.
2 - Under it, you can open an account in a bank in Turkey in order to receive money from outside Turkey or to send it.
3 - You can apply to one of the embassies of European or American countries to obtain a visa in order to travel there.
4 - Under which you will get health insurance.
5- You can have your own car.
6 - You can benefit from educational and health services and get discounted prices.
7 - If the value of the property is two hundred and fifty thousand US dollars or more, the owner has the right to apply for Turkish citizenship.
In the context of talking about the privileges of this residence, it must be noted that it and the tourist residence intersect in many qualities and advantages, but real estate is stronger in several aspects, most notably the possibility of continuous renewal.
Who gets real estate residency?
This is one of the frequently asked questions about this residence. Is it only for the property owner? In addition, all family members will obtain it under specific conditions and laws, which are:
- Children must be under the age of eighteen (i.e. the legal age).
- If the property owner is married to more than one woman, only one woman can obtain it.
Documents required to obtain real estate residence:
- The title deed of the property under which the residence will be obtained.
- Real estate appraisal document (issued within three days) whose mission is to confirm the real property value without forgery.
- Earthquake and natural disaster insurance policy (to preserve the rights of real estate owners in the event of any disaster).
- The buyer's passport and it must be valid for a period of no less than six months.
- A health insurance policy for each family member separately.
- A family statement that must be translated into Turkish and certified by the home country.
- You must also bring personal photos.
Later, you can book an appointment through the website designated for that, and then go to the specified date and bring all the papers and documents that have been prepared, and then pay the fees.
In this context, we mention that this residence can be renewed when its term expires by following all the procedures that were followed the first time.
The most important reasons for a foreigner to obtain residence in Turkey:
There are many reasons that encourage a foreigner to seek real estate residency in Turkey. The following are the most important ones:
1 - Real estate prices in Turkey are one of the most important things that a foreigner pays to own, as they are considered low when compared to real estate prices in Europe, America or some Arab countries.
2 - The ease of procedures for buying real estate in this country, in contrast to the case in other countries.
3 - The Turkish government has provided many facilities for foreigners wishing to buy real estate, through which it aims to attract them as well (such as tax reductions and exemptions in some cases).
4 - It is possible to live and settle in Turkey, as it is considered an ideal environment for housing, and many residents of the Arab world have chosen it in light of the crises and wars that their country is witnessing.
5 - Turkey is characterized by its booming economy, which had a positive impact on various sectors and areas of life in Turkey. It is considered one of the most important economies in the world thanks to its steady growth, in contrast to other countries that have experienced terrible collapses in their economies.
6- It witnesses remarkable political stability and seeks to consolidate its relations with many important countries of the world.
7 - The Turkish government takes great care of the infrastructure in order to be a serious competitor to other countries. The most important of these projects are:
- Airports such as (Istanbul New Airport and Sabiha International Airport).
- The new Istanbul Water Canal and the Bosphorus Strait that separates the two sides of the city.
- Long bridges such as the Canakkale Bridge, which was opened recently and was classified as the longest bridge in the world.
- Huge hospitals and health centers such as Basaksehir Medical City, which ranked first in Istanbul and third on the European continent.
That's all we have on the subject of buying apartments in Turkey to obtain residency. If you have more questions about this topic, do not hesitate to contact us to provide you with adequate answers.
Among the services we provide to our clients is our assistance in obtaining real estate residency, as we supervise all steps and procedures and provide them with the most important advice and consultations.
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