In the real estate retention phase, foreigners who purchase real estate apply for a short-term residence permit and a residence permit is issued for a maximum of 2 years per application according to the "Foreigners and International Protection Law" in Turkey.
Although a real estate valuation report is required in case foreign real estators’ in Turkey purchase real estate only for the purpose of obtaining Turkish citizenship, currently the report valuation is not required to be obtained only for Turkish citizenship. It applies to all real estate transactions where the buyer and seller are foreign natural persons. It should be noted that the relevant report is valid for 3 months from the date of issue.
Turkish Citizenship by Real Estate Investment
While the foreign nationals who acquire real estate in Turkey have the right to apply for a short-term residence permit up to a maximum of 2 years, those who are foreign nationals to actually acquire Turkish citizenship can acquire citizenship if they reside for a long time, at least 5 years before the application date. With the amendment made in the Turkish citizenship law, it is now possible to become a Turkish citizen by investment, the current investment limits have been reduced to become a Turkish citizen without a time limit and the right to acquire Turkish citizenship without waiting has been granted for 5 years.
The requirements for this are listed below:
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Foreign national to purchase real estate worth at least USD 250,000
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Establishment of joint ownership of the purchased real estate and ease of joint ownership
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Naturalization to Turkish Citizenship is easier if the ownership cannot be obtained. It can be transferred to someone else for 3 years.
In the real estate retention phase, real foreign nationals who have applied for Turkish citizenship by purchasing will not be able to sell their immovables for 3 years, as it is stated in the land registry that the immovable cannot be sold for 3 years.
Electricity and Water Services of the Purchased Property
Owners of the real estate retention phase can initiate subscription transactions by applying to authorized institutions in order to benefit from utilities (electricity, water and sanitation etc.) planning permission. For occupancy permit holders, the new owner or tenant must contact the authorized public facility and sign a service contract with the facility after purchasing or renting a property. You can benefit from the services after signing the service contract and paying the subscription fee or deposit.