Why do people prefer real estate residences in Turkey?
Turkey has become a destination for those looking for a new life, even among the Europeans themselves, especially the eastern part, such as Russia and Ukraine, according to the numbers of Turkish immigration directorates annually for the number of arrivals to buy properties in Istanbul, Bursa or Antalya.
The increase in numbers comes as a result of the great facilities provided by the Turkish state in recent years to those wishing to reside on its lands, as there are multiple options for multiple types of residence that are issued according to the data provided by the foreigner.
The most preferred type of residence among foreigners in Turkey after the tourist residence is the real estate residence
What is real estate residence in Turkey?
Real estate residence in Turkey is a document issued by the Immigration Department in Turkey, and it allows its owner to enjoy education and health care rights and to live in Turkey legally. This residence permit is temporary and needs annual renewal.
The Real Estate Residence Law in Turkey falls within Articles 31, 32 and 33 of the Law on Foreigners and International Protection No. 6458, in addition to Articles 28 and 29 of the Executive Regulations related to the implementation of the Law on Foreigners and International Protection, under the short-term residence permit clause,
Which is granted to many categories of people including those who want to settle and buy property in Turkey, and the wife/husband and children under the age of 18 are also entitled to a real estate residence permit.
It is very easy to renew a real estate residence permit in Turkey compared to other types of residence permits, as it is sufficient that the property is registered in the Land Registry Directorate in the name of the property owner
Real estate residence permit fees in Turkey
The fees to apply for a real estate residence permit in Turkey are low and are close to the fees for a tourist residence permit in Turkey, as they are limited to health insurance that is determined on the basis of the age group and other fees varying according to nationality.
And because continuing property ownership in Turkey is a prerequisite for obtaining a real estate residence permit, all taxes related to the property must be paid to ensure obtaining a real estate residence permit.
Advantages of real estate residence in Turkey
There is no doubt that obtaining a real estate residence in Turkey is one of the most important goals that all foreign investors seek to achieve in general, so that they can benefit from the many advantages of this residence permit, including:
Residing legally on Turkish territory.
Ensuring the real estate residence rights of the property owner’s family, wife/husband and children under the age of 18
It is possible to renew the real estate residence permit with ease.
Freedom of movement between Turkish provinces.
Obtaining educational services in Turkish schools and universities.
Take advantage of the health care system in Turkey and get medical treatment in Turkish hospitals for free or at great discounts.
After 8 years of real estate residence in Turkey, it is possible to obtain a permanent residence permit.
When the value of the property(s) reaches 400 thousand dollars, it is possible to apply for Turkish citizenship.
