Obtaining Turkish residency by purchasing property

Why Residency by Buying Property in Türkiye?

Turkey is a country with an ancient and ancient civilization that has become one of the world's tourist countries with its beautiful and spectacular landscapes, and the city of Istanbul has become one of the industrial hubs of Asia and Europe with the progress of the economy and technology. By obtaining Turkish residency and buying a house , investors not only acquire assets and capital for themselves, but also receive a good return on investment in the not too distant future. In addition, by accessing global and international markets, they can provide a good future for themselves and their families in terms of work.

Another reason for this method of obtaining Turkish residency is the high quality of life at the European level that is available to individuals. In recent years, many immigrants have traveled to this country because of the cheap rent compared to neighboring countries and have settled in Turkey after receiving residency, which shows that the cost of buying and renting property is low compared to other countries. Of course, with the low cost of living in this country, those who succeed in obtaining Turkish residency will have much easier conditions than other people to have a prosperous and excellent life.

The possibility of obtaining citizenship of this country is another reason that, when placed on the table of investors, encourages them to obtain Turkish residency through the purchase of property. Of course, various benefits are provided by the Turkish government for investors, but by extending their residence in this country after a certain period of time and having the necessary conditions, individuals can apply for citizenship and a passport of this country, which has a relatively good value and prestige among the passports of the world and will allow them to travel to many major countries in the world.

Another reason to consider buying property in Turkey and obtaining residency in the country is its excellent climate and beautiful natural scenery. Turkey is a country with four seasons and its pleasant climate has been renowned for those who have traveled there. Obtaining residency in Turkey does not require a visa for Iranians, and another reason for choosing Turkey as a desired country for Iranians can be considered easy travel with a passport.

New conditions and rules for obtaining residency by purchasing property in Türkiye (2023)

According to Turkish laws, buying property in Turkey and obtaining residency is not prohibited for Iranians, and they can purchase property in all cities and regions. Statistics published by the TAKBIS Real Estate and Land Registration Information System until 2022 show that Iranians have invested about $11 trillion in real estate in Turkey in the past 8 years. This has led the Turkish government to provide better conditions for Iranians and provide various solutions by supporting those who intend to obtain residency in Turkey through property purchase.

One of the new rules for obtaining residency by purchasing property in Turkey is that some areas of Istanbul are prohibited from residing. This law was enacted in order to control the density of the population of foreigners in this city, and as a result, applicants are not granted Turkish residency by purchasing property in some areas of Istanbul. Another rule regarding Turkish residency is that those who intend to obtain Turkish residency by purchasing property are not allowed to rent their house for a period of 3 years. If the owner of the house in question rents his property to someone else during the 3-year period, he loses the possibility of obtaining residency in this country. 

Steps to obtain residency by purchasing property in Türkiye

The steps for purchasing property in Turkey and obtaining residency in this country include several options that can be done both in person and in person by your trusted lawyer in this country.

1. Choosing the right property for the investor

The first step you should take in order to buy a property in Turkey and reside in this country is to visit various real estate projects. In some situations, despite the many facilities of a project, investors gave up after buying the property and the project was not suitable for them. Therefore, it is very important to be aware of the conditions of the investor and his family when buying a house in Türkiye.

You should note that Turkish residency through property purchase may be possible after purchasing property in some neighborhoods, but selling some properties in some areas is very difficult. In addition, the only reason why a house cannot be sold in Turkey is considered to be the lack of a buyer for it.

2. Property taxes paid

The second step is to inquire about the conditions of the property taxes paid by previous buyers, for which documents must be obtained from the country's notary office.

3. Opening a bank account for the investor

After traveling to Turkey, investors must obtain a tax code from the Turkish Immigration Office to carry out any tax matters, and then, upon receiving this code, open a bank account to obtain Turkish residency.

4. Transfer of property title

In the final stage, the buyer must go to the Turkish Tapu Office with the previous owner of the property, and after transferring the deed to the buyer's name, the house deed is transferred to his name.

Minimum property purchase price to obtain residency

In general, there is no prohibition on foreigners buying houses in Turkey, and anyone with any amount of money can own property in this country, but if you intend to obtain Turkish residency by purchasing property , the amount of property you purchase must be higher than $75,000 , which can reach $50,000 in some small cities. With this amount of money, you can buy a multi-bedroom apartment in the suburbs of Istanbul or a one-bedroom apartment in the center of Istanbul, but if your budget for buying property does not reach this amount, you will not be able to obtain Turkish residency by purchasing property.

Documents required to obtain Turkish citizenship

After completing the steps related to buying a house and receiving a house deed in Turkey, the necessary documents for Turkish residency by purchasing property include the following, which you must submit to the country's immigration office.

• Land Registry (Tapo)
• Numbering, or confirmation of the license plate and address registered with the municipality
• Expertise or expert report on the value of the property
• Identification documents and passports
• Having health insurance
• Financial security
• No criminal record
• 6x4 photo
• Residence application form

Duration of stay with property purchase in Türkiye

The duration of residence when buying property in Turkey is one of the things that buyers should pay attention to. Those who intend to obtain Turkish residency can obtain permanent residency in the country after a period of three years and an extension of Turkish residency. However, during this three-year period, they will not be allowed to leave the country for more than one month, and they must pay attention to this issue when entering Turkish territory. In addition, the 30 days that are considered for applicants to leave the country must be done in the first and second half of the year. For this purpose, they will be allowed to leave the country for 15 days in the first half of the year and 15 days in the second half of the year.

Benefits of obtaining residency by purchasing property in Türkiye

One of the advantages of Turkish residency is its easy extension, and this is considered the best and fastest way to immigrate to this country. Those who succeed in obtaining Turkish residency in this way can obtain permanent residency in this country after a period of 5 years and extension of residency by meeting the aforementioned conditions. Another advantage of Turkish residency through property purchase is obtaining residency for family members through family residency in this country, which can also be applied for by the investor's family if they have the necessary financial means and health insurance.

In general, Turkish residency has the same benefits as other residences in this country, including free education for children, benefit from public welfare services, medical services, receiving the right to work, and of course, converting residency into Turkish citizenship, which will allow you to travel to some of the best countries in the world with this country's passport and have a very high chance of obtaining a European and American visa. In general, buying property in Turkey and residing there is one of the best ways to immigrate to this country.

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Read more:

Why choose Turkey to buy property?

Conditions and documents required to obtain permanent residency in Türkiye through the purchase of property

Possibility of obtaining Turkish residency for family members by purchasing property

Features of property purchased in Türkiye for obtaining residency

Restrictions on choosing a city to buy property in Türkiye

Opening a bank account in Türkiye (conditions in 2023)

Renting out property purchased in Türkiye (contract preparation and other matters)

Obtaining the right to work by purchasing property in Türkiye (work permit after buying a house)

Types of methods for buying property in Türkiye (cash purchase, loans and 2023 laws)

Obtaining a tax code for buying property in Türkiye

Conditions for extending Turkish residency by purchasing property (in 2023)

Cost of living in Türkiye and living conditions in Türkiye (2023)

Important tips for preventing fraud when buying a house in Türkiye

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