Staying In Turkey By Buying A Property: Everything You Need To Know About The Real Estate Residence Permit In Turkey
Staying in Turkey by buying a property is a short stay obtained foreigners obtain by owning real estate in Turkey and granted for two years usually to the owner and his family with the possibility of renewal easily. Any property owner in Turkey who has lived in the country for a straight, uninterrupted period of 5 years can also apply on the condition that they have stayed for 5 years in Turkey. Article 11 of Act 5901 lists the requirements for an uninterrupted residence permit. There isn’t a minimal amount for the property value.
You may face some difficulties in applying for a residence permit in Turkey for the first time or even renewing it, but when you try to get it by buying a property in Turkey, it is different because the title deed is often the key to renewing it.
At the same time, real estate investment in Turkey is growing. The number of apartments bought by foreigners in Turkey during the year 2017, 22234 apartments, mostly apartments in Istanbul, and in second place Antalya, which sold 4707 apartments, and then Bursa 1474 apartments, and in fourth place Yalova with 1079 apartments.
There is no lower or upper limit to buy a property in order to apply for a residence permit. As stated above after 5 years of stay in Turkey, you will be eligible to apply for Turkish Citizenship.
According to Turkish law, if you buy real estate in Turkey, you can get a residence permit. Up to your wish, you can get 2-years permanent residency which can be renewed annually. The property owners can relocate and have their second home in Turkey, not only have a holiday in this beautiful country.
We have a number of properties in our stock through which you can select and narrow down your selection. Our Turkish office in Istanbul will assist you with Property Touring and legal paper works for buying a property and getting a property owner residence permit.
Papers required to apply for real estate residence permit in Turkey
The title deed of the property (tapu).
Property earthquake insurance.
A valid passport for a minimum period of six months.
A family statement of children translated into Turkish and certified by the Turkish Embassy in the mother country.
Health insurance in Turkish territory for each member of the family.