Rules of getting a residence permit through buying an apartment in Turkey
Based on the new regulations, foreigners and investors in Turkey can own real estate in Turkey worth US $ 250,000, and according to the laws of Turkey they will be able to apply for Turkish citizenship. On the other hand, foreign investors must meet the criteria which are set by Turkey in order to maintain their citizenship as Turkish citizens. In this regard, people must maintain the property that they have bought for 3 years and are not allowed to sell the property during this period. The process of getting a Turkish passport through buying a property is usually done in 65 to 80 days.
Of course, you can also get a residence permit in Turkey through buying a property worth at least $ 60,000. In this way, you will get a 3-years residence permit, which is a tourist type residency; This means that you are not allowed to work in Turkey. Of course, if you find a job and get employed and you pay for insurance in this country, or if you establish a company and hire 5 citizens of this country, you will be given a work permit in this country. This 3-year tourist residence permit can be extended up to 10 years.
Therefore, the conditions that are required to get a residence permit through the purchase of a property and investment in Turkey are as follows.
- The minimum costs of buying a property in Turkey to get a passport is US $ 250,000.
- To maintain a Turkish passport, the purchased property should not be sold for 3 years.
- Through buying a property worth at least US $ 60,000, you can get a 3-year tourist residence in this country.
In the Comments section, you can also ask your questions and answer them in a short time.
Topics reviewed in this article:
Getting a residence permit in Turkey through renting a house
You can also get a temporary residence permit in Turkey through renting a house. This residence is a tourist type, which means that a person is not allowed to work or study in Turkey and he/she must get a permit to work and study in Turkey and change the type of his/her residence. Before 2020, a tourist residence permit in Turkey was granted for two years through renting a property, which could also be extended. But according to the new rules, which will be implemented at the beginning of 2020, this type of residence will be granted for one year and cannot be extended after one year. In order to extend this type of residence, at least one year must have passed since the end of the previous residence.
Buying a property in Turkey and people who are eligible to buy a property
Turkey allows all foreign investors to buy a property in Turkey based on the reciprocity law. This means that the citizens of countries that allow Turkish citizens to buy a property in their countries will be able to buy property in Turkey based on the reciprocity law. In this regard, all EU citizens except (Belgium, Cyprus, Czech Republic and Slovakia) USA, Canada and other Asian and Latin American countries can freely buy a property in Turkey.
It is also possible for Iranians to buy a property or rent a house in Turkey.
Foreign investors should be aware that in order to invest and buy a property in Turkey, there are some restrictions by the government of Turkey for foreign investors, which we will explain to you.
Foreigners will be allowed to invest in areas that are authorized by the government of Turkey to purchase private property (residence, workplace, land, farm, etc.). If there is no structure for investment and land purchase, the current owner is allowed to start a project in that area within two years. Of course, the launching time of this project will be announced depending on the conditions of the region.
Generally, individuals will not be able to buy a property in military areas, and this is prohibited for foreigners.
Process of buying a house in Turkey
Once investors have chosen the apartment or house they want, they can conduct a contract according to the details of the contract and terms of buying a property in Turkey and checking the agreement. Foreign investors will be able to get help from a legal translator who is appointed by government notaries during their stay in Turkey. People can also use an expert lawyer who is familiar with the laws of buying a property in Turkey. The next step for people is to take their passports to a notary for translation. This is a requirement of the government of Turkey for a high security factor. Then the parties of the contract will be determined by Turkey and can sign the contract. At this stage, applicants can deposit the agreed amount to the seller’s account. Then the person who is representing you can submit the contract to the relevant authorities according to the specified conditions and location of the buyer’s property, additional information such as the number of floors, accommodation conditions and also show the buyer’s passport to the relevant authorities for making it an official document so that the process can be done according to laws of Turkey and an official document can be issued. This document is called TAPU, which includes a photo of the owner and an official stamp and signature of the buyer. It is very important that people make sure by checking the information that have Benn entered.
After completing this step, the local tax office must open a bank account for the person in Turkey, which is a requirement for buying property in Turkey. After opening a bank account, investors are given a special tax number that they must register with the local municipality and Municipality of district.
When you are transferring the document to the buyers of property in Turkey, they receive 4% of the value of the property as taxes and duties, which is divided equally between the buyer and the seller.
The prices of Houses in Turkey
People who want to buy a property in Turkey should note that Istanbul is one of the most expensive and largest cities in Turkey and is ranked 39th out of 94 cities in the world. Property prices in major cities of Turkey, especially Istanbul are as follows
| City | The Price per square meter (lira) |
| Istanbul | 3,961 |
| Ankara (Turkey’s second largest city) | 1,861 |
| Izmir | 3,036 |
| Antalya | 2,101 |
Leave a Reply
Want to join the discussion?Feel free to contribute!