Conditions for Real Estate Residency in Turkey
Recently, there has been an increase in cases of rejection for applicants seeking real estate residency in Turkey, mainly due to their lack of knowledge about the requirements and conditions for obtaining it. The team at Turkey Real Estate Company will provide you with the latest 2024 version of these conditions and explain them in detail.
If you have further questions and would like a free consultation regarding real estate residency, please feel free to contact us via WhatsApp by clicking the following number: 00905367779442.
Statistics Showing the Increasing Demand for Residency in Turkey for Foreigners
The table source is the Turkish Migration Management
New Laws and Conditions for Obtaining Real Estate Residency
Before we look into what the conditions for obtaining real estate residency in Turkey are, the new regulations for real estate residency in Turkey, and the amendments made to them, require the property value to be at least $200,000 in order to obtain this type of residency permit in Turkey.
Property Specifications Eligible for Real Estate Residency
In general, the answer to “What are the conditions for obtaining real estate residency in Turkey?” includes the following property requirements, which must be met by the applicant to qualify for residency:
- The property must be valued at no less than $200,000 in all Turkish provinces without exception.
- The property must be residential, such as an apartment, house, or villa.
- The property must be registered in the Land Registry (Tapu) under the applicant’s name.
- The property must be free of any encumbrances or mortgages.
- The property must be insured against earthquakes and natural disasters through a DASK insurance policy.
Regions Where Foreigners Can Own and Reside
Foreigners are generally allowed to own and reside in any region of Turkey, with the exception of areas subject to security or military restrictions. However, to better understand the conditions for real estate residency specific to certain areas, the following must be adhered to:
- The total area of real estate owned by a foreigner cannot exceed 30 hectares in all of Turkey, equivalent to 300 dunams.
- The total area of properties owned by a foreigner cannot exceed 10% of the administrative region’s area.
- Major cities like Istanbul, Ankara, and Izmir are some of the most attractive areas for foreigners wishing to own property in Turkey, along with Antalya and Bursa.
What Are the Conditions for Real Estate Residency in Turkey 2024? Required Documents
When it comes to the question of “What are the conditions for obtaining real estate residency in Turkey?” the general requirements include:
- Purchasing a residential property valued at $200,000 or more.
- Presenting a property title deed (Tapu) for the property.
- Providing a DASK earthquake and natural disaster insurance policy.
- Possessing a valid passport for at least six months.
- A family record translated and notarized.
- Health insurance for all family members in Turkey.
As for the specific documents required for real estate residency in Turkey, they are as follows:
- Application form.
- A passport valid for at least 6 months.
- A translated and notarized copy of the passport in Turkish.
- A copy of the entry visa to Turkey, with proof of entry and date.
- Property title deed (Tapu) to confirm the property’s value.
- DASK insurance policy for earthquakes and natural disasters.
- Family book and translated notarized copy.
- Four personal photos.
- A bank account.
How to Obtain Real Estate Residency in Turkey in 2024
You can obtain real estate residency through the following steps:
- Purchase a property valued at $200,000.
- Obtain the property title deed (Tapu).
- Schedule an appointment via the official website.
- Prepare the required documents.
- Be present in person or have a representative attend on the appointment day.
- Pay the residency fees and submit the documents.
- Wait between 7 to 90 days for approval.
- Receive the real estate residency card via Turkish postal service PTT.
Renewing Real Estate Residency in Turkey 2024
The validity period for real estate residency ranges from one to two years, and a renewal application must be submitted before the expiration date. You should schedule an appointment via the Migration Management website and prepare the required documents. Once submitted, the application will be reviewed, and upon approval, a new residency permit will be issued.
Frequently Asked Questions
- Does purchasing property in Turkey grant residency?
Yes, purchasing property in Turkey can grant real estate residency, provided the required conditions are met and the proper procedures are followed. - What is the minimum value for a property to qualify for real estate residency?
The property must be valued at $200,000 or more in all provinces of Turkey without exception, with the property report reflecting this minimum value. - What is real estate residency in Turkey?
It is a permit granted to foreign investors who own property and reside in Turkey. It allows them to benefit from educational and healthcare services legally and is granted for a period of one or two years, renewable.
