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Conditions for obtaining real estate residency in Turkey

Conditions for obtaining real estate residency in Turkey

February 11, 2023

Like many important countries on the world map, Turkey attracts people from all corners of the globe for multiple purposes and visitors to Turkey often fall in love with it and wish to stay in it and continue to live on its land, due to the availability of many elements of luxury for a decent living that man aspires to starting from the main infrastructure such as health, education and transportation and not ending with its beautiful nature and pleasant climate.

This is in addition to those who go to it for investment and trade specifically due to all the encouraging circumstances.

According to the statistics of the Institute of Statistics in Turkey, the number of foreign residents in Istanbul is about one and a half million approximately

Istanbul occupies the first place in this field.

The ways to get residency in Turkey vary between tourist accommodation and this is the most popular among the people. .

- And student residence, and for humanitarian residence, family residence and real estate residence - and this is the focus of our conversation in this article -

As for the conditions for obtaining real estate residency, they are:

an immovable real estate, which means owning a real estate no matter how small or large its area is such as an apartment, office, plot of land, etc. It should be noted that the value of the property in major cities must be 75,000 US dollars while the value of the real estate in small cities should not be less than 50,000 US dollars. Once you have obtained the property bricks and in order to obtain the real estate residency, you have to go to the Immigration Department with the title deed of the real estate and health insurance papers - these are not required of children under the age of 18nor parents over the age of 65 - in addition to the earthquake insurance paper.

Real estate residency is considered a relatively short-term residence as it is given for a year anda unit that you can renew as long as you are still the owner of the property .

It should be noted and noted that in the event that a person obtains real estate residence thanks to his ownership of the property, whether it is an apartment, land, hotel, office ... He cannot grant it to his children and wife, but they are granted family residence based on his real estate mother's residence, and for spouses, as long as the husband or wife is still married to the owner of the real estate residence, he gets family residence unless the divorce occurs and he is registered in the Civil Status Department, and his right to family residence is forfeited.

In addition, children after they step at theage of 18 will lose family residency, but it is possible to obtain tourist or student residency if they continue to study in Turkey and get a university seat there.

As for the caveats that the foreign person must follow when buying the real estate, he must pay attention to the presence of all official real estate papers such as the title deed and the earthquake insurance paper, and that the property is not encumbered and so on.

Some houses on the ground floors (basement) are often without (taboo).

Some houses on high floors may also be in violation of the conditions of the municipality and be without a taboo and this happens a lot as municipalities prevent some areas from building on five floors and we find that one of them built a sixth floor in violation of the building.

Therefore, it is more appropriate for the investor to look into this matter in order to avoid falling into problems with the municipality and he has gone tired in vain and has not benefited from buying the property anything. Especially if his goal isto obtain real estate residency in Turkey.

In order to obtain real estate residency properly and to avoid falling into the problems of the taboo and other things that may hinder the investor, the best solution is to use a guide and a good real estate expert who is familiar with the real estate market and its corridors .