There are many types of residence permits in Turkey and differ in terms of purpose, but one of the most important options for staying in Turkey legally and for a long period is the real estate residence. 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. Real estate residence in Turkey is a right of foreign real estate owners in Turkey, and it is granted by the Immigration Department in the state in which you own the property, given that the title deed (Tabu) carries with it a legal connotation that gives you the right to reside in the country in which you own Real estate, which allows its holder to reside on Turkish lands legally and regularly with the possibility of traveling to and from Turkey without the need to obtain a visa.
To obtain real estate residence in Turkey, you only have to own a property for housing. Any house in Turkey at any price in any state entitles you to obtain real estate residence directly.
Real estate residence is usually granted for a period of one or two years, with the possibility of renewing it annually as long as the property is in the name of the resident, and this matter distinguishes real estate residence from tourist residence in Turkey, making it better than it in terms of the possibility of renewing the residence annually without any complications or obstacles. Real estate residency in Turkey is granted to the property owner, the wife of the property owner, and the children of the property owner under the age of 18.
The costs of applying for real estate residence in Turkey are simple and easy, as it is limited to health insurance, whose value varies according to the age group and duration of insurance, the residence tax and varies according to the nationality of the applicant for residence, as its cost varies from one nationality to another, and some other fees.
The owner of the property and his family members “one wife and children under 18” are entitled to all residency rights in Turkey. It allows you to enter Turkey without visas or prior security approvals. The real estate residence permit in Turkey has many aspects in common with the tourist residence permit, but the real estate residence permit is stronger in terms of being easily renewed and its granted duration.
After eight years of real estate residency in Turkey, you have the right to request a long-term residency in Turkey. You can also move between the Turkish states without the need for a travel permit. Besides, you can open a bank account in a Turkish bank, enjoy banking freedom and receive and send money. You can apply to the embassies of other countries from inside Turkey in order to obtain a visa for them. Facilitating the movement of merchants and businessmen, establishing companies and hiring workers, with the opportunity to obtain medical insurance in Turkey's private and government hospitals. You can also enroll in Turkish schools and universities.
Holders of real estate residence in Turkey are entitled to apply for Turkish citizenship if the value of their real estate property reaches 400 thousand US dollars, and under specific conditions.