Real Estate Residency in Turkey by Buying apartments
Real estate residency is considered one of the most important types of residencies in Turkey at all, for a number of reasons, the most important of which is that it can be obtained very easily after only a few conditions are met, as well as the possibility of its renewal.
Tammam Lama Real Estate, in this article, puts in your hands some important information about this residency, answering your questions.
How to obtain real estate residency in Turkey?
To obtain a real estate residency in Turkey, the property must meet certain criteria and the most important criterion is that the value of the property must not be less than 75,000 dollars. In addition, the property must be registered in the name of the applicant and he must obtain the title deed. Other requirements include paying real estate residency fees and attending an interview in the Immigration Department.
One of the important information that you should know in this regard is that it is not possible to apply for residency if the type of property is commercial or if it is used for commercial or other purposes, as it must be exclusively for housing and not be located in a security or military area, nor should the buyer hold one of the five nationalities prohibited from owning real estate in Turkey.
You may think that the real estate residency is not good enough because it is short-term and lasts only one year, but the good news is that it can be renewed annually and easily and with the same steps that you did the first time, and it can also be renewed continuously as long as you own the property.
What are the advantages of real estate residence in Turkey:
The main advantage of real estate residency in Turkey is the freedom of movement that it provides and this means that holders of this type of residency can enter and exit Turkey without the need for a new entry visa. In addition, they are also eligible for a discounted transfer card, which can be used for all forms of transportation in Turkey and another benefit of this type of residency is that it allows students to study in Turkey for the duration of their stay.
Requirements for obtaining real estate residency:
In order to obtain a real estate residency in Turkey, applicants must submit a residence permit application form, a copy of the passport or alternative document, biometric photos, a receipt of payment of the residency card fee and in addition, he must submit a certified copy of the marriage booklet or a document proving the marriage.
Who gets real estate residency?
Full family residency gives children under the age of 18 the right to education in university until they reach the age of eighteen, and if they are older than that, they must search for one of the appropriate types of student, tourist or other residencies.
It is worth noting that if the foreigner is married to more than one woman, he will only be able to grant her to one of them only and after obtaining the second wife's permission.
Notes about real estate residency in Turkey:
If you wish to obtain this residency, there are many types of notes that you should take into consideration, namely:
_ If all family members are to apply for it, each person must submit a separate file.
_ Fees must be paid in local currency and a receipt must be received and stamped.
_ In the event of any defect or deficiency in the papers, the applicant is given a period of 30 days to make up for the deficiency.
-If the applicant is under the legal age, he must accompany his guardian to take the approval.
-The passport must be valid for at least six months.
-When you want to renew your residency, you must start the procedures 60 days before the first expires.
The importance of buying apartments in Turkey:
Turkey has always been one of the most popular tourist destinations in the world and in recent years, it has become more and more popular among travelers from all over the world and one of the main reasons why Turkey is so popular is that it offers a variety of activities and attractions for tourists to enjoy.
There are beaches, mountains, historical sites and much more to see and do in Turkey and another reason why Turkey is a popular destination is that it is a very affordable place to travel and travelers can find good opportunities on hotels, food and attractions. What you should keep in mind First of all is that you have to decide the type of apartment you want to buy because the real estate market in Turkey is full of various options and opportunities to suit all budgets and tastes.
There are many reasons why people from all over the world choose to buy real estate in Turkey and here are some of them:
-The Turkish economy is growing rapidly and is now ranked 16th in the world and this makes it a very stable place to invest your money.
-Turkey has a large young population, with more than half of the population under 30 years old and this means that there is a large potential customer base for companies and a growing workforce.
-The cost of living in Turkey is relatively low, especially when compared to Western European countries. The property prices are also reasonable, making it a great place to buy your first home or investment property.
If you want to see the latest developments in real estate residency laws, Turkish citizenship, or with regard to the Turkish real estate market, follow our website or contact our real estate consultant who will accompany you on the entire real estate ownership journey in Turkey and help you reach the right choice.
