Residence permit of Turkey for the purchase of real estate

Buying a property abroad not only opens the door to a new home, but can also become a path to legal residence in the country. Turkey, with its attractive conditions, offers the opportunity to obtain a Temporary residence permit (residence permit) through the purchase of real estate.

Since last year, the Turkish government has tightened the rules for obtaining a residence permit through investment. If earlier it was possible to invest in any real estate, today the minimum cost of investment is set at 50-75 thousand dollars. At the same time, if the apartment is jointly owned, then the above amount must be paid by each of the owners. That is, if there are two co-owners, then the value of the property starts from $ 100,000. 

A residence permit for real estate does not give the right to work, but it has a lot of other advantages. If the owner of the property has been permanently residing in Turkey for five years, it gives the right to obtain citizenship. It is worth noting that this fact is not a guarantee of obtaining a passport, but it opens up such an opportunity for the investor. 

How to get a residence permit through the purchase of real estate?
Property Selection: Choose a suitable property in Turkey. It can be an apartment, a villa, a house or a commercial space. The main condition for a residence permit through real estate is the cost. In small settlements, the minimum threshold is 50 thousand dollars, and for large cities from 75 thousand.
Investing: Purchase real estate for an amount that meets the minimum investment requirements of Turkish legislation.
Submission of documents: Submit the necessary documents to the local authorities, including an application, passport data and a contract for the purchase of real estate.
Payment of fees: Pay government fees and taxes related to obtaining a residence permit.
What is the benefit of a residence permit in Turkey through the purchase of real estate?
A simple procedure: The process of obtaining a residence permit through the purchase of real estate is quite simple and transparent.
Family opportunities: The residence permit applies to your family members, including children.
Duration: The residence permit is valid for 1 year with the possibility of further extension.
Free movement: With a Turkish residence permit, you can freely travel to the Schengen countries for 90 days in 180 days.
What kind of real estate can I invest in?
Turkey offers a wide range of real estate for investment. You can choose from apartments by the sea, cozy houses in the mountains, villas with views of nature or commercial real estate for business.

In conclusion

Obtaining a residence permit in Turkey through the purchase of real estate provides a unique opportunity not only to purchase your second home in this beautiful country, but also to legally reside on its territory. Given the ease of the process and the wealth of opportunities, a residence permit in Turkey is a step towards a new chapter in your life.