It was reported that the Turkish government will raise the minimum property price that qualifies the owner to obtain real estate residency in Turkey to $75.000 in major cities such as Istanbul, Ankara, Izmir, Bursa, Antalya, Gaziantep, Adana and Mersin, and $50.000 in other cities.

The Turkish government has also raised the minimum property price that grants the owner the right to apply and obtain Turkish citizenship from $250.000 to $400.000, according to the latest amendments issued on 13/04/2022.

What is the real estate residence permit in Turkey?

Real estate residency in Turkey is an official document that is submitted and obtained from the Turkish Immigration Department, which grants the holder the right to residency, housing, education and treatment in Turkey legally, and it is renewable annually, and this residency is granted to foreigners who own real estate in Turkey, if they wish to live and settle in it, the wife of the owner of the property and children under the age of 18 are also entitled to obtain real estate residency. After 8 years of holding real estate residency in Turkey, you can obtain permanent residency. You can also apply for Turkish citizenship, if the value of the property is not less than $400.000.

What are the steps for obtaining real estate residence in Turkey?

1. Purchasing a property worth $75.000 and obtaining the title deed (Tapu) and the real estate appraisal report.
2. Book an appointment to apply for a real estate residence permit.
3. Preparing the necessary papers to obtain real estate residence in Turkey.
4. Attending the interview at the Migration Directorate in person or by virtue of an official power of attorney for the agent.
5. Hand over the required papers and documents to the responsible employee.
6. Pay the fees imposed for real estate residence in Turkey.
7. Waiting for the approval of the real estate residence permit by the Immigration Department.
8. After approval of your application for obtaining a real estate residency, the real estate residency card will be sent to the home address, which was registered when the papers were submitted.

What are the documents required to obtain a real estate residence permit in Turkey?

1. Application paper for obtaining real estate residence.
2. A passport valid for a period of no less than 6 months.
3. A copy of the stamp of the last entry into Turkey.
4. Seismic insurance for the property (DASK).
5. Medical insurance.
6. The family book is translated into Turkish, and certified by the notary public in Turkey (Noter).
7. The title deed document registered in the name of the property owner.
8. The real estate appraisal report, and it must be equal to the aforementioned minimum to ensure approval of the real estate residency.
9. 4 personal photos.
10. Having a fixed monthly income of at least $500 per month.
11. Having a bank account.