Renewal of real estate residence in Turkey

Real estate residency in Turkey has many advantages, obtaining it is easy, there is a possibility to renew it, the conditions for obtaining it are available to everyone, and given its importance and great position among other types of residency.

If the subject of that residence really interests you, the editorial team at ISTHOMS Real Estate Company has prepared this article for you, through which its most prominent details will be highlighted.

Conditions for obtaining real estate residence

Although the matter seems easy, this does not mean that there are many conditions that must be met in order to be eligible to apply for it, as follows:

- The price of the property must not be less than 75 thousand US dollars.

- The property must be residential.

- The property should not be in a security or military area.

- Issuing a real estate appraisal document that shows the true value of the property without any increase or decrease.

All these conditions must be adhered to, otherwise there will be no possibility to obtain them, as the whole matter requires accuracy and attention. For example, if the property is intended for commercial business, then it is not suitable, and if its price is less than 75 thousand dollars, then it is also not suitable.

As for other than that, there are no other conditions related to its area or specifications, and in case you have any other questions, you can ask the experts and the matter.

The importance of obtaining real estate residence in Turkey

It is a legal document that allows its bearer to stay in Turkey in a legal way without exposure to violations or the like, and although it is short-term, this is not a problem in light of the fact that it can be renewed annually as long as you own the property.

How is the real estate residence permit renewed?

Renewing a real estate residence document in Turkey is a straightforward process. First, you will need to collect all the necessary documents, such as your passport, proof of residence in Turkey, and pay the application fee.

 Then you can submit your application either online or by going to the concerned authority in person. Once your application is approved, you will receive the new residency document by mail. Keep this document with you at all times when residing and traveling within the country.

Positive aspects of real estate residence

One of the great advantages of owning a real estate residence document in Turkey is the ability to move between Turkish states easily, and with this document, you can access many benefits such as tax exemptions and you will also be able to open a bank account in Turkey, obtain health care coverage and even obtain a driver's license. The document is a good foundation for those looking to start a new life.

In general, owning real estate residence in Turkey is an attractive option for investors seeking long-term financial gains and stability.

Papers required to obtain real estate residency

Generally, in addition to a valid passport and identity documents, individuals will need to provide proof of purchase for the property, a title deed registration form, and a tax number issued by the tax department.

The importance of residency and stability in Turkey

Turkey is a great place to live for people who are looking for a unique and exciting lifestyle as the country has an incredibly diverse culture, with a variety of cuisines, languages, and customs. You also have access to some of the most beautiful beaches in the world and stunningly beautiful mountain ranges. Apartments in Turkey are very affordable compared to other countries in Europe or North America.

Buying real estate in Turkey for investment

Turkey is an attractive destination for real estate investors due to its low cost of living, vibrant culture, and strong investment potential. With its growing population, a growing number of international companies setting up shop in the country, and booming tourism seasons, Turkey is well positioned to offer strong returns on real estate investments.

 Real estate prices are relatively low compared to other countries in the region, making it a great place for first-time investors or those looking to diversify their investment portfolios.

What can be concluded from this idea is that buying a property in that country can achieve more than one goal for you at the same time, as it is an investment, housing, and an opportunity to obtain residency, and if it conforms to the conditions for applying for Turkish citizenship, this will be available and easy.

Information about real estate residence

There are a set of notes that you should look at when applying for this residency:

- All applicants must have passports valid for at least six months.

- If the whole family is going to apply for it, a personal file must be submitted for each member separately.

- You must pay the fees incurred in the Turkish currency specifically.

- A receipt of the amount paid must be obtained and stamped by the concerned authority.

- In the event that a shortage appears, you will be given 30 days to rectify the deficiency.

- In the event that the applicant is under the legal age, he must accompany his guardian in order to obtain approval.

What you do not know about real estate residence

- It is obtained by all family members, i.e. the wife and children under the age of eighteen, and if they are above it, they must search for other residencies such as tourist or student residencies.

- It can be applied for online, which means that it is very easy.

- There are many similarities between real estate and tourist accommodation, but the first is more powerful in several aspects.

Advantages of buying real estate through istHomes Real Estate:
- We have a wide range of luxury real estate in Istanbul that satisfies and suits all tastes.
- We have a specialized team in the Turkish real estate market that accompanies you from the beginning of your journey to buy a property in Turkey until you get what you want.
- We help you find the best real estate prices in Turkey because of our strong relationship with various construction companies and residential projects.
- Distinctive offers that we offer you within the finest residential complexes in Turkey.

With our advisory team and our administrative staff, you will get many special offers, where we offer you options that are suitable for your goals, we pay you consultations and advice, we are with you on field trips, we undertake on your behalf the issuance of official papers, their translation and certification, and if you wish, you can obtain our unique professional services in managing your real estate property to guarantee the highest returns with us.

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