Foreigners who own immovable property in Turkey worth a minimum amount of 75,000$ can obtain a short-term residence permit for a maximum of 1 year and renew it annually.
However, of course, certain conditions should be met. Namely; in the residence permit applications made by the foreigner who owns a property in Turkey; it is required that the immovable be a residence and be used for residential purposes.
The minimum price limit for the property purchased to apply for a residence permit by real estate ownership is 75,000$. Contrary to a special residence permit for investors, the real estate purchased does not need to be over $400,000 to benefit from a special residence permit for real estate owners.
In case family members having a share in the property purchased, family members can also apply for a residence permit under this article. Applicant's legal spouse and children under the age of 18 can obtain a Turkey residence permit. Children over the age of 18 cannot apply for a residence permit. However, if a child over the age of 18 has a share in the mentioned real estate, he/she can show this real estate as an economic resource and apply for a tourist residence permit.
The applications are finalized by the Provincial Directorate of Migration Management within 45 to 60 days after the residence permit application is made. To avoid the extension of this process, the application requirements and required documents should be complete. Otherwise, the finalization process of your application will be extended or will get negative results.
The cost of applying for a residence permit varies according to the country and age of the applicants. On the other hand, the cost of the health insurance required in the application conditions is determined according to the age of the applicant.
Having a special residence permit for the real estate owners facilitates the renewal of the residence permit annually. Foreigners who own a residence permit through property ownership and live in Turkey for 5 years, will have the opportunity to acquire Turkish citizenship through the general application. On the other hand, when the residence period in Turkey reaches 8 years, applicants can apply for a long-term residence permit and obtain an indefinite residence permit in Turkey.
The time limit to be spent abroad for a short-term residence permit was removed in 2016.
To apply for a residence permit dedicated for the property owners, the title deed of the acquired property must be obtained first. Then, other documents required for the application should be prepared. As the documents are prepared you can apply to a residence through e-application on the website of the Directorate General of Migration Management https://en.goc.gov.tr/. Afterward, an appointment day-time is given to the applicant by the administration and the applicant will be invited to the appointment place with his documents. The residence permit application fee must be paid to the tax offices or the banks with which the provincial Migration Management has contracted before the appointment date.
Finally, at the appointment, the applicant's documents are examined and the application will be taken to evaluation.
No, it is not mandatory. It is sufficient to have a valid passport or national identity document for foreigners to purchase real estate in Turkey.
After applying for a residence permit, a residence permit application document is issued by the Directorate General of Migration Management. This document provides multiple entry-exit rights to the applicants with the condition of returning to Turkey within 15 days each time.