Fanar Realty | Real estate residence in Turkey-learn about it

Real estate residence in Turkey-learn about it

Real Estate residence in Turkey

Among the several types of residence permits in Turkey, the name of real estate residence in Turkey has emerged as one of the most important options for staying in Turkey legally for a long period, and because of the importance of this type of residence, we will explain to you today in this article detailed information about real estate residence in Turkey, and to whom is it granted? What are the steps to be followed while obtaining residency? and costs, along with other information of interest to you.

What is a real estate residence permit in Turkey?

Real estate residence in Turkey is a right of foreign real estate owners in Turkey, and it is granted by the Immigration Department of the state in which you own the property.

Duration of real estate residence in Turkey

The duration of real estate residence in Turkey is usually granted for one or two years, with the possibility of renewing the property annually as long as the property is in the name of the resident. This distinguishes the real estate residence from the tourist residence in Turkey, which makes it better than it in terms of the possibility of renewing the residence annually without any complications or obstacles.

 

Conditions for obtaining real estate residence in Turkey

To obtain real estate residency in Turkey, it is only required that it be a property designated for housing. As for the price of the property, there is no minimum. Any house in Turkey at any price entitles you to obtain real estate residency directly, and in any state, you want to own, you can obtain real estate residency. In addition to the above, any type of apartment in Turkey or villas allows you to obtain real estate residence in Turkey, and any area or style of the apartment gives you the right to obtain this residence. We can consider that the conditions of real estate ownership in Turkey are the same as the conditions for obtaining On real estate residency, two prerequisites:

The foreigner should not be one of the nationalities that is prohibited from owning real estate in Turkey, which are:

  • Syrian

  • Armenia

  • Cuba

  • North Korea

  • The property should not be within the prohibited areas for security or military reasons

Who is granted real estate residence in Turkey

The persons who benefit from the right to obtain real estate residence in Turkey after purchasing a residential property are:

the owner of real estate

Wife of the property owner

Children of the property owner under the age of 18

For foreigners married to more than one wife, they can only grant real estate residency to one wife, as for the rest of the wives, it is not possible to obtain real estate residency for them on the same property. As for the children, even if they are from more than one wife, they have the right to reside on the same property as their father as long as they are under the age of 18. For a divorced woman, after confirming the divorce in court, she is deprived of the right to real estate residence on the same property as her ex-husband, but she is allowed to apply to change residence to a tourist residence in Turkey and is usually granted for a period of only six months or a year as a maximum. Those over the age of 18 cannot be added to the real estate residence permit on the same property as their father, and they can obtain:

  • Initial tourist accommodation

  • Or the residence of a student if they are completing their studies in Turkish universities

  • or set up a business

  • or other real estate residence of their own

  • Or any other type of residency available to them in Turkey

Steps to extract real estate residence permit in Turkey

The steps for obtaining a real estate residence permit are summarized as follows:

  • Buying a property and obtaining a Title deed document in Turkey

  • Book an appointment to stay and choose an item to own a property in Turkey

  • Preparing the necessary documents to obtain residency

  • Attend the interview at the time specified for you at the Immigration Department building and submit the necessary papers and documents

  • Payment of real estate residence fees in Turkey

  • Waiting for approval by the Immigration Department of Turkey as the residence card is sent by Turkish Post PTT

As for the renewal of the real estate residence permit, it is the same steps, starting from booking the appointment for renewal to obtaining the real estate residence through the Turkish Post PTT

As for the companions of the property owner, such as the wife and children under the age of 18, they apply for real estate residency in one file with the property owner, attend the interview together, and are approved at once.

The papers required to obtain a real estate residence permit in Turkey

  • Title deed document in the name of the property owner 

  • Earthquake insurance for DASK

  • The passport of the property owner and his companions “It is required that the validity period of the passports cover the required real estate residence period.”

  • A family statement for the children and the wife translated into Turkish and certified by the Turkish embassy in the mother country or from the Notre Department in Turkey

  • Health insurance covering the duration of stay for the property owner and the wife

For children under the age of 18, they are not required to have a health insurance document. If the property owner or his wife is over the age of 65, they are also not required to have a health insurance document.

Real estate residence fees in Turkey

The fees for obtaining a real estate residence permit are distributed as follows:

Fees for buying a property in Turkey

They vary according to the value of the property and its area, as well as the title deed fees, the issuance of an earthquake insurance policy, the extraction of real estate appraisal and energy identity documents for real estate in Turkey. In general, the total real estate ownership fees in Turkey are approximately 7-9 percent of the property price, that is, if you buy a property in Turkey with a value of 100 thousand Turkish liras, about 7 to 9 thousand Turkish liras are required as fees to purchase the property. Read also: Real estate taxes In Turkey with fees and details

 

Health insurance fees in Turkey

The value of health insurance in Turkey varies due to two considerations:

  • person's age

  • Number of years of insurance

Health insurance is often required for a period of one or two years. The value of the health insurance ranges from 100 to 500 liras per person if the insurance period is one year, and double this amount if the period is two years. For children under the age of 18, when they are registered as companions to the property owner “their father or mother” does not Health insurance required of them, as well as spouses, any one of them over the age of 65 is not required to have health insurance. Through Fanar Realty, you can obtain your health insurance fees,

Residence tax in Turkey

It varies according to the nationality of the property owner and is paid in the Immigration Department. The tax is paid for each person, whether the property owner, his wife, or one of his children and its value ranges between 55 and 420 Turkish liras, according to the nationality of the property owner, as we mentioned.

Other fees

There are several simple costs related to the translation of documents and their “ratification” and they differ according to the type of document. Often the translation with the notation does not cost more than 200 lira per document. A service office can also be used to book an appointment for accommodation to avoid making mistakes while booking yourself, and service offices and companies usually charge a nominal fee, not exceeding 50 liras.

 

Arithmetic example

So, in short, we can say that if a 40-year-old person and his 30-year-old wife have two sons (their nationality is Saudi, for example) and wanted to buy a property in Turkey in order to obtain residency, and the price of the property is about 100 thousand Turkish liras, the total costs are as follows:


 

Type of fee

Its value is in Turkish lira

Its value is in dollars

Property tax

7000 TL

1186 USD

Health insurance for both spouses

340 TL

        58 USD

Residence tax for all

1680 TL

    285 USD

Book an appointment for everyone

200 TL

    34 USD

Translation and notation fees are approximately

1,600 TL

          271 USD

The total costs are 

10,820 TL

        1834 USD


 

When renewing the real estate residence permit in Turkey, the person pays the same costs, except for the property tax, which is not required at that time, and a copy of the title deed is sufficient.

Advantages of real estate residence in Turkey

Real estate residence in Turkey offers several advantages for the property owner in Turkey, which are:

  • Staying in Turkey during the period of legal residence

  • Granting real estate residency to the companions of the property owner "single wife and children under 18"

  • Annual renewal of real estate residence

  • Moving between Turkish states without the need for a travel permit

  • Obtaining education and health services in Turkey for free or at large discounts

  • After eight years of residence in Turkey, you have the right to request a long-term residence in Turkey

Real estate residence in Turkey does not grant its owner the right to obtain Turkish citizenship unless the property price exceeds the threshold of $250,000, then the property owner can apply for Turkish citizenship.

 

Fanar Realty gift for those who buy a property in Turkey

When you buy a property in Turkey, you will get real estate residency without the usual costs you pay to service companies, and the costs that we exempt you from paying are: Health insurance costs Appointment reservation costs translation, and document notation All these costs are free from Al-Fanar when you extract a real estate residence for the first time after buying a property from us. Fanar  Realty always leads you towards a unique real estate vision, and gives you more services, and encourages discounts on real estate ownership in Turkey. In this article, we provided the most important information and details that you need to know about real estate residency in Turkey, as it has become one of the distinguished options for staying in Turkey, especially after recent Turkish laws that talked about requesting justifications from foreign people when requesting an extension of tourist residency, while extending real estate residency in Turkey It doesn't need justifications or complications