عربي
English
With the increased interest in real estate investment in Turkey, and the availability of distinctive real estate projects, the interest of Arab investors to move towards Turkey with the aim of investment or stability has increased. This coincided with a facilitations provided by the Turkish government to foreigners constantly, to encourage real estate investment, including amending certain laws and opening the door too many nationalities for direct ownership. At the same time, real estate investment in Turkey is growing. The number of apartments bought by foreigners in Turkey during the few last years, mostly apartments in Istanbul, and in second place Antalya, then Bursa and in fourth place Yalova.
Residence Permit Types
Residence permit types in Turkey are divided into (6) main categories, depending on the purpose of the stay.
1. Short-Term Residence Permit
2. Long-Term Residence Permit
3. Accompany Family Residence Permit
4. Student Residence Permit
5. Humanitarian Residence Permit
6. Work Residence
Residence in Turkey through buying a property, or real estate ownership residence in Turkey that called (Real Estate residence permit), is a short renewed residence permit granted to foreigners who own a property in Turkey for a period of one year usually, the wife and children under the age of 18 are allowed to get this residence permit as an accompanying for the owner.
The papers required to apply for real estate residence permit
· Title deed of the property (Tabu).
· Property earthquake insurance.
· A valid passport for six months at least.
· A family statement of children translated into Turkish and certified by Turkish Embassy in the mother country.
· Health insurance for all family members.
The advantages of Real Estate residence permit
Real Estate residence permit is similar to tourist permit in many aspects, but the former is stronger in terms of viability and duration of renewal granted. By buying a property in Turkey you are allowed to get a Real Estate residence permit, but not entitled to apply for Turkish citizenship through this residence permit, unless the property is worth at least $ 250.000, then the owner is entitled to apply for Turkish citizenship in return for buying a property on a specific terms. When you want to renewal the real estate residence permit, you must bring the title deed, on which your residence permit was granted.
· Low tax in Turkey, the decision to reduce taxes in Turkey is one of a series of decisions concerning the real estate sector in Turkey, and was reflected positively in stimulating foreign investors to own property in Turkey, which contributed to the revival of the real estate market in Turkey in general. The most important tax deductions are: Exempting the foreign buyer from the value added tax due on the property.
· Obtaining a residence permit, where foreigners who own properties in Turkey, whose price is less than $ 250.000, are granted a residence permit that is renewed annually. Real estate residence permit in Turkey is granted to the landlord, his wife, and his children under the age of 18.
· Real estate in Turkey is the cheapest real estate investment in Europe, where real estate prices in Turkey are considerably cheaper than those in Europe, with similar features in infrastructure, and similar in structure of developed European countries.
· Real estate investment in Turkey provides a profitable investment return, based on the economic activity and rapid urban development, and the strength of tourism in Turkey, which is best reflected in the periods and tourist seasons, through the demand for rental homes during those seasons distributed throughout year.