How to obtain a residence permit in Turkey through the purchase of real estate: the main points and restrictions

Types of residence visas in Turkey

There are two main types of residence visas (VISA) in Turkey: tourist visa and visa that entitles to further naturalization with citizenship. Both of these options can be obtained through the purchase of real estate, but each has its own specific requirements and restrictions.

Requirements for obtaining residence permit through the purchase of real estate

Foreigners who wish to obtain a Turkish residence permit with the possibility of subsequent naturalization through the purchase of real estate, should take into account that the minimum cost of living space should be at least 75 thousand dollars in large cities and not less than 50 thousand dollars in less populated areas. It should be noted that this scheme was not so popular, as it is associated with a number of significant restrictions.

Major constraints:

• Accommodations:Must have resided in Turkey for at least five years.
• Departure:Travel outside the country must not exceed six months.
• Language exam:The necessity of passing the exam.
• Renunciation of previous citizenship:Duty to renounce first citizenship.

It is also worth considering that the process of reviewing documents takes more than a year and does not guarantee a positive result.

Citizenship by Investment Program

An alternative is the “citizenship by investment” program, which, despite the increase in the minimum investment amount (from $250,000 to $400,000), makes it possible to significantly accelerate the process of obtaining a passport - in just six to eight months. At the same time, the absence of the need to pass a language test, move to the country or change tax status makes this option more attractive to many people.

Changes in the rules for obtaining a residence permit

Attention should also be paid to the innovations in the rules of residence permit registration on the basis of real estate acquisition in Turkey. In the context of a tourist residence permit, foreigners can both rent and purchase any available real estate, but it is necessary to take into account the restrictions relating to certain regions.

Neighborhood Restrictions:

• There are 1169 areas where the purchase of real estate does not qualify for a tourist residence permit.
• The 781 districts also have restrictions that foreign nationals cannot exceed 20% of the local population.

The process of obtaining a residence permit takes about a month and can be granted for periods ranging from six months (if renting) to two years (if buying). Migration authorities will check financial documents to ensure that the applicant is solvent. It is important to understand that the time a foreigner lives in Turkey under a tourist residence permit does not count towards the total time required to obtain citizenship. However, foreigners who have previously held a residence permit in restricted areas can extend their status.

Reaction to the ban on residence permits for real estate buyers

The ban on issuing residence permits for real estate buyers in a number of regions has been a source of satisfaction for the local population, but has raised many questions in the market. Real estate agencies even sent appeals to Ankara with a request to recheck the current restrictions, but changes in the current rules are not likely to take place until the end of 2023.

Overview of areas to obtain a tourist residence visa

Those who intend to apply for a visa for temporary residence should pay attention to areas that are not subject to various restrictions. Interest in such free areas has increased both from investors and developers. For example, the districts of Altintaş and Kepez in Antalya, and Demirtaş and Gazipaşa in the vicinity of Alanya stand out, which are actively developing and attracting attention.

Altıntaş in Antalya

The Altıntaş district in Antalya is considered to be one of the fastest developing places, being only 5-6 kilometers from the coast and close to the airport. There is already a clear plan for infrastructure development here, which makes it attractive for buyers.Apartment prices1+1 format at the construction stage start from 130 thousand euros, which is considered acceptable for such a promising area.

Kepez as a place to live permanently

Kepez, in turn, is located 15-20 kilometers from the sea and is ideal for those who plan permanent residence. Its main feature is quite affordable real estate prices, which is an important factor for many buyers.

Housing prices in the center of Alanya

The center of Alanya, which has always attracted attention with its resort charm, has become even more expensive in recent years. In new construction projectsapartment price1+1 format began to fluctuate from 145-160 thousand euros, and ready-made housing with developing infrastructure starts from 200 thousand euros.

Upper Oba

The Upper Oba area, which is only 2-3 kilometers from the sea, is also experiencing active development. Hereapartment pricesstart from 80 thousand euros for 1+1 format, which makes it an interesting option for buyers who want to live close to the beach.

Tosmoor

Tosmur, located in Alanya, is characterized by picturesque landscapes and high real estate prices. For a long time construction was forbidden in this area, but after the restriction was lifted, new projects started to be built here.1+1 apartments, located near the sea (within 500 meters to 1 kilometer), are offered at prices from 130-140 thousand euros.

Gazipasa and Demirtaş

Gazipasa is an area with developing infrastructure and active construction. Here you can find apartments in new town houses without extensive infrastructure, starting from 60 thousand euros for 1+1 format. These prices are very attractive for the area, close to the international airport and the city of Alanya - which can be reached in 30-40 minutes. Similar prices are also observed in Demirtaş.

Totals and transferability

To summarize.over the last year and a halfhousing in the resort areas of Antalya and Alanya has risen significantly - prices have doubled. In the central districts of Alanya it is difficult to find new housing cheaper than 150 thousand euros. In the resorts, the cost starts from 60-65 thousand euros for apartments format 1 +1 in new buildings that are under construction. With a budget of up to 100 thousand euros it is worth paying attention to such areas as:

• Altıntash
• Tosmoor
• Upper Oba

It is important to note that the possibility of transferring money from Russia to Turkey remains, but the time for processing requests has increased from a few days to a month. Funds can be transferred directly from Russian banks, which are not under sanctions, to Turkish financial institutions. In addition, there is the Zolotaya Korona payment system, which provides convenient transactions.

A new scheme has recently been developed that allows funds to be transferred from a ruble account in Russia to a similar account in Turkey. This process is carried out by a bank, which converts the incoming money into the local currency and usually charges a commission for the transfer of funds.

It is important to note that construction companies have become stricter in monitoring receipts from buyers. If there are delays in payments, they can cancel the contract. This is especially true for developers who started selling their properties before a significant price increase and now realize that they have missed out on the benefits. Therefore, for those who have decided to buy housing in installments, it is highly recommended to solve the issue of transferring money to Turkey in advance, remembering that this process may take some time.

Interesting objects on the real estate market in Turkey

The real estate market in Turkey offers a very wide range of interesting properties. Let's take a look at a few of them that are of interest to investors:

• 1. Apartment in Mersin:An apartment for sale with a price of 48 500 €. This property has an area of 62 m² and comprises 2 bedrooms and 1 bathroom. This is a modern residential complex located in a quiet and clean neighborhood that is actively developing. Interest in this region is growing and housing prices in Mersin continue to rise.
• 2. Penthouse in Alanya:costs €145,000. It has an area of 55 m² and the possibility of obtaining a residence permit upon purchase. This new investment project will be located in the district of Upper Oba, just 2.2 kilometers from the sea.

New horizons for comfortable living

The opportunity to expand your horizons for a peaceful and comfortable existence, being in close proximity to the metropolis, is already available. This residential complex provides incredible panoramic views of the unique fortress of Alanya, opening to the vast sea and picturesque natural landscapes.

Description of the residential complex

The project occupies a plot of land of 1001 m² and includes only six apartments, among which two duplexes with 3+1 layout with a total area of 174.8 m².

Real estate offers in Alanya

There are many interesting offers on the real estate market in Alanya. For example, in Kestel there is an opportunity to buy an apartment for 365 000 €, with a total area of 195 m² and a layout of 4+1.

• The living space is fully furnished and ready for immediate occupancy.
• Proximity to the sea, only 400 meters.
• Developed infrastructure with stores, restaurants and cafes.

Interesting options in Antalya

In addition, it is worth paying attention to the attractive options in Antalya. Here apartments with an area of 62 m², at a price of 177 500 €, can be a good investment with the prospect of obtaining citizenship.

• Plans for the construction of a new residential complex are being actively compiled in the Altyntash neighborhood.
• The grading of the new facility will occupy a plot of 10,200 m².
• It will consist of two nine-story blocks.
• A variety of layouts - from 1+1 and 2+1 with independent kitchens to spacious 3+1 options.

Comfortable accommodation at an affordable price

For those who are looking for a cozy and modern home, there is a wonderful option in Antalya for 90 000 €. It is a 1+1 apartment with a total area of 54 m², located in a modern residential complex with many amenities.

• Inside the apartment there is an open studio with a kitchen area connected to the living room.
• One bedroom, a bathroom and a cozy balcony are also provided.
• The kitchen is stocked with everything you need for your stay.

Luxury villas in Bodrum

Luxury villas in Bodrum can also be found on the market for around 1,000,000 €. These are new properties built in a beautiful region of the peninsula, with stunning views of the sea and neighboring islands.

• The villas have three floors and can offer four bedrooms.
• Modern amenities including comfortable bathrooms.
• In the immediate vicinity there is all the necessary infrastructure: stores, restaurants and large shopping centers.

Apartments in Izmir

It is also worth paying attention to quality apartments in Izmir, which are able to satisfy all your needs. They are located in Konak district, one of the most popular places among locals and tourists alike.

• Cordon Quay, where you can enjoy walks.
• Visiting local shopping and entertainment centers.
• Getting to know the cultural heritage through interesting museums and historical monuments.
• Available for sale with the option to pay in rubles.
• Online showings and the ability to conduct remote transactions simplify the buying process.

Office Spaces in Beylikdüzü

Our catalog features amazing office spaces in Beylikdüzü, Turkey, priced at €560,000. These premises cover an area of 226 square meters, and you have the option to schedule a viewing online. The transaction can be completed online, and payment is made in rubles.

Our modern offices are conveniently located in Beylikdüzü, which is situated on the picturesque coast of the Sea of Marmara and is pleasantly surprised by the recently opened marina. The offices are close to the Minibus metro station, on the main E-5 highway, just 300 meters from one of the area's significant shopping centers — Migros, and 500 meters from a private clinic.

Penthouse in Alanya

In addition, we offer a luxurious penthouse in Alanya, valued at €200,000, with a total area of 150 square meters. This property features four bedrooms, three bathrooms, and two balconies. The purchase of the penthouse includesresidence permit.

Online viewing is available, along with the option to complete the transaction remotely with payment in rubles.

Stylish Apartments

We also have stylish apartments in Turkey, priced at €177,000, with an area of 140 square meters. This property includes three bedrooms and two bathrooms, and it offers the possibility of obtaining a residence permit upon purchase. The entire process can be completed remotely.

The apartments are located in close proximity to the sea, and the residential complex offers:

• Indoor pools
• Open pools

Ready-to-move-in apartments are located in the Altyntash area of Mudanya, just a few minutes from the coast in Bursa province.

Apartment in Esenyurt

We also have an apartment in Esenyurt, Turkey, valued at €292,000, with a total area of 113 square meters. This apartment also offers the opportunity to obtain a residence permit.

It is located in the rapidly developing Esenyurt district on the European side of Istanbul, where urban comfort and accessibility harmoniously blend. The proximity to the new water canal project in Istanbul adds to the appeal of this location for both living and investment, promising a significant increase in prices in the future.

Apartment in Istanbul

Among our properties, you can also find an apartment in Istanbul priced at €370,000, located in the Draz area. This project is situated in the very heart of the new attraction center on the Anatolian side, offering a stunning view of the Princes' Islands and the Maltepe coastline.

Here you have the opportunity to enjoy a comfortable life, in close proximity to transport hubs and essential public institutions, including:

• Hospitals
• Universities
• Shopping malls

Special Apartment on the Asian Side

Special attention should be paid to the apartment priced at €1,200,416, located on the Asian side of Istanbul. The total area of this property is 255 square meters, featuring six bedrooms and four bathrooms.

This property is located in the picturesque area of Maltepe, offering stunning views of the islands and the waters of the Sea of Marmara. Despite its beauty and appeal, it is not on the outskirts; rather, it is situated in the very center of Istanbul, ensuring excellent accessibility and convenient transportation infrastructure.

Conclusion

In conclusion to our review, I want to emphasize that the real estate market in Turkey continues to be an attractive option for foreign citizens seeking residence permits and the possibility of further naturalization. Despite some restrictions, such as new rules for issuing residence permits in certain areas, opportunities still remain.

Investors who are considering Turkey as a place to live or invest can find many interesting options, especially in areas that are not affected by restrictions.

The process of obtaining a residence permit

It is important to consider that, although the process of obtaining a residence permit through real estate purchase can be quite complex, it provides a stable platform for those who want to become part of Turkish society.The "citizenship by investment" programDespite the increased financial thresholds, it remains attractive for those looking to quickly obtain a passport.

Real estate prices

There is a steady increase in prices in the market, making it a sensible decision to buyreal estate now, as this could lead to even greater asset value increases in the future. Turkish resorts like Antalya and Alanya offer a variety of options for living and investing, ranging from affordable apartments that are perfect for rental to more expensive properties in city centers.

Key points:

• Variety of offers:apartments for different budgets.
• Price increase:Real estate may increase in value in the future.
• Cultural opportunities:social and cultural interactions.

Thus, for foreign citizens wishing to obtain a residence permit or citizenship in Turkey through real estate investments, new horizons are opening up. It is essential to closely monitor current changes in the market and legislative initiatives. The proposed investment areas not only provide quality housing but also create excellent opportunities for social and cultural interactions in the long term. I hope this information helps you make an informed choice and successfully implement your plans in Turkey.