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
- Humanitarian residence
- Family residence
- Real estate residence
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.
- The value of the property in major cities must be at least 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, you must 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 18 or 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 and a unit that you can renew as long as you are still the owner of the property.
It should be 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, or office, he cannot grant it to his children and wife. However, they are granted family residence based on his real estate mother's residence. 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 is registered in the Civil Status Department, and his right to family residence is forfeited.
In addition, children after they reach the age 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 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, etc.
Some houses on the ground floors (basement) are often without the necessary documentation.
Some houses on high floors may also be in violation of the conditions of the municipality and be without proper documentation. This happens a lot as municipalities prevent some areas from building beyond five floors, but one may have built a sixth floor in violation of the regulations.
Therefore, it is more appropriate for the investor to check into this matter in order to avoid falling into problems with the municipality. This will prevent unnecessary effort and ensure that the investor benefits from buying the property, especially if his goal is to obtain real estate residency in Turkey.
To obtain real estate residency properly and avoid falling into problems such as legal violations, 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.
