top of page
  • Writer's pictureÖzkan Gün

🌟 How to Buy Real Estate in Turkey to Obtain Citizenship or Residence Permit 🏡

Turkey has become an increasingly popular destination for foreigners looking to invest in real estate and, in some cases, obtain Turkish citizenship or a residence permit. With its vibrant culture, beautiful landscapes, and favorable investment climate, Turkey offers an attractive opportunity for those seeking to own property in this diverse nation. In this blog post, we'll guide you through the process of purchasing real estate in Turkey to achieve either Turkish citizenship or a residence permit.

Turkish Citizenship by Investment

In September 2018, Turkey introduced a new citizenship-by-investment program, making it possible for foreign investors to become Turkish citizens by purchasing real estate in the country. Here's a step-by-step guide to obtaining Turkish citizenship through property investment:

1. Property Investment Eligibility:

To qualify for Turkish citizenship, you must invest a minimum of $400,000 in real estate located within the borders of Turkey.

  • This amount can be used to purchase two or more properties, provided that they are purchased from the same developer in the same residential complex.

  • In the certificate of ownership (TAPU), the price of the property is written in liras. It is important here that when converting into dollars, the minimum threshold is also overcome in dollars.

  • There can only be one owner. You can't buy apartments in shares .

  • A property can only be used as a basis for citizenship once. If it has been previously obtained citizenship through the property , you will not be able to obtain citizenship through it.

  • You can buy housing from an individual (Turkish) or from a legal entity (Turkish). An object from the secondary market must be owned for at least three years.

  • To remain a Turkish citizen, you must own real estate for at least three years . If sold before the specified period, the passport will be cancelled. You also cannot sell the property to the previous owner (company or person). Otherwise, you will also be deprived of your citizenship.

2. Property Selection:

Choose a property that fits your investment budget and personal preferences. Work with a reputable real estate agent who is knowledgeable about the citizenship program like me. It is important to check the property for “legal purity” and draw up an agreement. It indicates the data of both parties, information about the object, the rights and obligations of the seller and buyer, penalties for non-compliance with the conditions. The client at this stage must make a payment of 5-10% .

3. Due Diligence:

Conduct thorough due diligence on the selected property to ensure it meets all legal requirements and has a clean title. Verify that there are no encumbrances or legal disputes associated with the property.

4. Purchase Process:

  • Once you've selected the property, negotiate the terms with the seller and sign a purchase agreement. Be sure to include all necessary clauses and conditions to protect your interests.

  • Collect a package of documents and open a bank account;

  • In special cases, the list of documents may change - check with your realtor.

5. Bank Transfer, Currency Exchange and Property Payment

  • Transfer the minimum required investment amount (at least $400,000) to a Turkish bank account in your name. Make sure the source of funds is legitimate and documented.

  • You are required to exchange funds for Turkish lira and receive a döviz alım belgesi (DAP) certificate . It testifies to a perfect exchange. The difference in the exchange rate is reimbursed by the client.

  • Transfer the money to the seller or the developer, if you are buying housing in a new building, or the seller, if you are purchasing a resale property. TAPU can only be reissued after full payment for the property.

  • There are two ways to obtain a title deed or re-register it. The first is to submit an application for registration of real estate to the cadastral department. The second is to complete the procedure online on the Web-tapu website .

6. Apply for Citizenship:

After completing the property purchase, gather the necessary documents, including your title deed and bank transfer records. Submit your application for Turkish citizenship through the Interior Ministry.

7. Background Check and Approval:

The Turkish government will conduct a background check to ensure you meet all the criteria. Once approved, you will receive your Turkish citizenship certificate.

8. Passport Application:

Apply for your Turkish passport at a local passport office, and congratulations 🥳, you're now a Turkish citizen!

🏡 Turkish Residence Permit Through Real Estate Investment

If you're not interested in Turkish citizenship but would like to reside in the country, you can obtain a Turkish residence permit through property investment. Here's how:

1. Eligibility:

Foreigners who own real estate in Turkey, regardless of the value, can apply for a residence permit.

2. Property Selection:

Follow the same steps as mentioned earlier for selecting and purchasing your property.

3. Apply for a Residence Permit:

After acquiring the property, visit your local immigration office to apply for a residence permit. You'll need to provide proof of property ownership, along with other required documents.

4. Residence Permit Types:

Turkey offers various types of residence permits, including short-term, long-term, and family residence permits. Choose the one that suits your needs.

5. Renewal:

Residence permits are typically issued for one to five years, depending on the type. Ensure you renew your permit before it expires to maintain your legal status in Turkey.

🌍 Conclusion

Buying real estate in Turkey to obtain citizenship or a residence permit is a straightforward process if you follow the necessary legal and administrative steps. Whether you're interested in becoming a Turkish citizen or simply want to enjoy the beauty and culture of this stunning country, Turkey offers excellent opportunities for foreign real estate investors. Make sure to consult with a local expert or attorney to navigate the process smoothly and enjoy your new property and status in Turkey.

Investing in Turkish real estate not only provides a secure and profitable investment but also offers the chance to experience the rich history and vibrant lifestyle that Turkey has to offer.

📞 For more information, feel free to reach out to me wheneever you want :)

22 views0 comments


bottom of page