Given Turkey’s unique geographical location, the return on investment in dollars, the low property maintenance costs compared to European countries, and the ability to obtain Turkish residence through property purchase, this option has become one of the best choices. Using a property with a value similar to European real estate is just one of the advantages of buying property in Turkey. Overall, obtaining Turkish residence through property purchase offers a unique opportunity to live in a safe, stable country with diverse job opportunities. However, the conditions for investment and property purchase in Istanbul depend on your specific goal for the purchase.

Turkish residence through property purchase 2024

.

According to the new conditions and laws in Turkey for 2024, applicants seeking to obtain Turkish citizenship must invest at least 400,000 USD in this regard. There are certain restrictions for foreign applicants wishing to purchase property in Turkey, and some of the most important ones include the following:

• Foreign applicants can purchase only up to 30 hectares of land in Turkey.
• Foreign applicants are not allowed to purchase property in military and security zones.
• Foreign applicants can only purchase a maximum of 10% of the properties in a specific area.
• In the case of purchasing land, the applicant must start their project within 2 years.

Conditions for obtaining Turkish residence through property purchase.

If your goal for purchasing a property in Turkey is temporary residence, you need to invest at least 200,000 USD for the property purchase. However, if your aim is to obtain Turkish citizenship, according to the new laws in Turkey and the announcement made on June 13, 2022, the minimum property purchase price required for citizenship has increased from 250,000 USD to 400,000 USD. Only foreign nationals who purchase property valued above 400,000 USD are eligible to apply for Turkish citizenship through property acquisition.

However, it is important to note that the property you wish to purchase should not be located in rural areas, villages, or military zones, and it must be in areas where there is a municipality. Therefore, selecting the right location is crucial for obtaining Turkish residence through property purchase.

Therefore, before purchasing property in Turkey, it is advisable to consult with reputable and specialized advisors in property acquisition and investment in Turkey to make the best decision for obtaining Turkish residence through property purchase.

Additionally, it is important to note that obtaining Turkish residence through property purchase also carries risks, such as fluctuations in the real estate market, administrative and legal issues, problems related to developers’ and real estate agents’ obligations, and more.

Therefore, for investment in the real estate sector in Turkey, 4k Holding has provided the opportunity for you to obtain your desired property and Turkish residence through property purchase with minimal cost and time, and with full awareness. For more information, simply watch our expert’s explanation via this link. In this video, the expert from Forky Holding explains the entire process of purchasing property step by step for you.

What is the minimum amount required to obtain Turkish residence through property purchase?

Purchasing property with an investment of around 200,000 USD grants you the possibility of obtaining residence in Turkey. However, if your goal is to obtain Turkish citizenship, you need to consider a minimum investment of 400,000 USD for this purpose.

Cheap Turkish residence through property purchase!

Purchasing commercial or residential property in Turkey can be a great opportunity to obtain residence, citizenship, and a Turkish passport. But is there a way to obtain Turkish residence through property purchase at a lower cost?

In answer to this question, we can say that yes, it is possible to purchase inexpensive property in Turkey, such as buying property in Istanbul with 2 billion Toman. However, it is important to note that not every property is suitable for investment. In other words, you should buy a property that, if you decide to sell it later, can be easily sold with a high profit. In this regard, the experts at  4kgroup are always by your side to help you make the best choice with the least investment.

A file of houses for sale at current prices in Istanbul, along with videos and photos.

If you are looking to obtain Turkish residence through property purchase in Istanbul, you can access available properties by visiting the real estate section of the  4kgroup website. In the sales section, you will find a variety of properties with different styles and tastes, allowing you to choose the property that suits your budget and personal preferences. All projects available in Istanbul have been thoroughly checked in terms of documentation and legal papers, and Forky Group’s legal advisor has reviewed all the documents carefully. A range of apartments with varying prices is available, so you can select the unit that suits you best.

The largest real estate listing in Istanbul, Turkey, with complete details.

The legal team has carefully curated the best residential projects in Istanbul for you. Most importantly, all photos and property details are up-to-date and valid.

Is buying property in Turkey suitable for investment?

Buying property in Turkey can be a good investment option. Turkey has a dynamic and growing real estate market, and in recent years, there has been an increase in foreign investment in both commercial and residential properties.

Some of the advantages of investing in property in Turkey include:

1. Property price growth: The value of properties in Turkey has experienced significant growth in recent years, which can result in high financial returns for investors.
2. Rental income: Due to the high tourism rate and strong demand for property rentals in Turkey, renting out property can provide a steady source of income.
3. Amenities and services: Purchasing property in areas with diverse amenities and services, such as major cities, tourist destinations, or resort complexes, can help increase the property’s value and appeal.
4. Residence and citizenship: By purchasing property of a specified value, you can take advantage of residence programs such as property-based residence and the Turkish Golden Visa, and even obtain Turkish citizenship if you meet the required conditions.

What conditions must a property buyer meet?

1. When you wish to apply for Turkish citizenship through this process, you can invest at least 500,000 USD for a minimum period of three (3) years in a fixed deposit in a local Turkish bank, government bonds, or real estate investment credits.
2. You can purchase a property valued above 400,000 USD and commit to the registration office that you will not sell the property for three (3) years. The source of the investment funds must be self-financed and fully paid (there is no option for financing or bank credit in this category).
3. To establish your own business, which employs at least fifty (50) Turkish employees, you must provide social security for all employees and maintain the business, employees, and social security payments for a minimum of three (3) years.

Required documents for obtaining Turkish residence through property purchase

• You must be over eighteen (18) years old to apply.
• Notarized copy of the passport. If your passport is in a language other than Turkish, it needs to be translated by a sworn translator at a notary office in Turkey.
• Four (4) biometric passport-sized photos are required for each applicant. These photos must have a white background and meet biometric standards. Please note that these photos should not be older than six (6) months.
• Valid health insurance. This requirement is not necessary for foreigners who are under 18 years old or over 65 years old.
• Criminal record certificate for all countries where you have lived in the past five (5) years.
• Documents proving your investment.
• The property title deed must be registered with the Civil Registry Organization, with a three (3) year sale restriction, and the earthquake insurance must be recorded in the property deed.
• According to the Ministry of Treasury and Finance or the Capital Markets Board of Turkey, a document that proves a minimum investment of 500,000 USD for a minimum of three (3) years is required.
• According to the Ministry of Family, Labor, and Social Services, a document proving the employment of at least fifty (50) employees is required.
• Certificate of no criminal record.

If these documents are obtained from Turkish authorities, they must be signed electronically / signed and stamped. If they are obtained from foreign countries, they must be duly authorized and include certified official translations by a notary. If the applicant is from a country that is not a signatory of the Apostille Convention, the documents must be authenticated by the relevant government authorities (certification by the consulate and the Ministry of Foreign Affairs or authorized Turkish authorities).

Short-term residence permit includes other opportunities for foreigners who come to Turkey, as outlined below.

• Scientific research (activities such as filming for documentaries, movies, archaeological digs, excavations, surface surveys, location scouting, etc.)
• Medical treatment,
• Short-term educational programs (non-degree educational programs).
• Judicial authorities (victims of domestic violence and foreigners who have divorced Turkish citizens and therefore require another right to residence issued through the court).

Obtaining a short-term residence permit with a rental contract.

Foreigners can obtain a residence permit under Law No. 6458, which pertains to foreign nationals and the protection of international rights. If you are a foreigner coming to Turkey for the first time, you can obtain a residence permit with a rental contract. Although the process is quick and efficient, there is an important point to be aware of. This residence permit is valid for one year, and it cannot be extended with a rental contract.

A residence permit with a rental contract does not grant you the right to obtain Turkish citizenship after 5 years.

The experts and legal advisors in Turkey, along with immigration lawyers at 4kgroup, are proud to offer top-notch consulting services to our dear compatriots, relying on their legal and immigration knowledge as well as their valuable years of experience.