Real estate residency in Turkey is one of the most popular options among foreigners because it grants individuals who purchase property in Turkey the opportunity to live in a country with a strategically favorable location, as well as a diverse and developed real estate market that offers investors the chance to achieve attractive financial returns.

Turkey has become a preferred destination for real estate investors due to the many advantages the real estate residency offers, both legally and economically.

What is Real Estate Residency in Turkey?

Real estate residency is a type of residence permit granted to foreigners who own property in Turkey. This residence is granted to individuals who purchase a property of a certain value, and it is a temporary residency that is renewable annually. This type of residency allows foreigners to live in Turkey legally and benefit from various legal and social privileges provided by the state. The property owner can renew the residency as long as the property remains registered in their name.

Requirements for Obtaining Real Estate Residency in Turkey

To obtain real estate residency in Turkey, foreigners must meet several basic requirements:

  • Purchase Property in Turkey: The property must cost no less than $75,000 USD in major cities like Istanbul, Ankara, or Izmir, while in smaller cities, it must cost at least $50,000 USD.
  • Ownership Title (Tapu): The property must be officially registered in the buyer’s name.
  • Health Insurance: The applicant must provide valid health insurance within Turkey.
  • Personal Identification Documents: This includes a translated and notarized passport.
  • Clean Criminal Record: In some cases, proof of no criminal record may be required.
  • No Illegal Use of the Property: The property must be legally owned and used.

Benefits of Real Estate Residency in Turkey

Real estate residency in Turkey is an ideal choice for foreigners due to the numerous benefits it offers, including:

  • Legal Residency: Real estate residency provides legal residence in Turkey with the possibility of annual renewal.
  • Access to Health and Education Services: Residency holders can benefit from the healthcare and educational services available in Turkey.
  • Possibility of Applying for Turkish Citizenship: After purchasing a property worth no less than $400,000 USD, one can apply for Turkish citizenship after fulfilling the required conditions.
  • Freedom of Movement Within Turkey: The residency allows free movement within various cities in Turkey.
  • Family Inclusion: The spouse and minor children can obtain real estate residency under the same application.
  • Investment Opportunities: Investors can earn financial returns by renting or reselling the property.

Steps to Apply for Real Estate Residency in Turkey

If you are considering applying for real estate residency, you can follow these steps:

  1. Choose the Right Property: Select a property that meets the legal requirements for real estate residency.
  2. Complete the Purchase: After choosing the property, the purchase process should be completed, and the property must be registered in your name with the title deed (Tapu).
  3. Book an Appointment at the Turkish Immigration Department: Submit the residency application by scheduling an appointment with the Immigration Department.
  4. Prepare Required Documents: These include your passport, property title deed, health insurance, photographs, and other documents requested by the authorities.
  5. Pay Government Fees: The application requires payment of government fees.
  6. Wait for Approval: Once all documents are submitted, the application will be reviewed, and approval will be granted within 2 to 4 weeks.

Difference Between Real Estate Residency and Permanent Residency in Turkey

  • Real Estate Residency: It is a temporary residency granted for one year and can be renewed as long as the property remains in the beneficiary’s name.
  • Permanent Residency: It is granted after 8 years of continuous residence in Turkey, provided the resident complies with Turkish laws and does not stay outside the country for extended periods.

Does Real Estate Residency Lead to Turkish Citizenship?

Yes, if a property worth $400,000 USD or more is purchased, the holder of real estate residency can apply for Turkish citizenship after 3 years of owning the property, provided that the property is not sold during this period.

Conclusion

Real estate residency in Turkey is an ideal option for foreign investors who wish to obtain legal residence in Turkey while generating financial returns from their property investments. If you are considering purchasing property in Turkey for residency purposes, it is advisable to consult with a specialized lawyer or real estate agency to ensure the process is in accordance with Turkish laws.

For more information or assistance with the application process, feel free to contact us.

Frequently Asked Questions About Real Estate Residency in Turkey

Can the Property Be Sold After Obtaining Residency?

Yes, the property can be sold, but if the property is sold, the real estate residency will be canceled, and a new application must be submitted if another property is purchased.

Can the Property Be Rented and Generate Income?

Yes, the property can be rented legally without affecting the real estate residency.

Can Real Estate Residency Applications Be Made Online?

No, the application must be submitted in person at the Turkish Immigration Department.

Does Real Estate Residency Include Family Members?

Yes, the spouse and minor children can obtain real estate residency under the same application.