While it is difficult to obtain a residence permit when owning real estate in many countries, the right to apply for citizenship is gained when real estate is purchased by making a certain amount of real estate investment in Istanbul. Foreigners who purchase real estate worth at least $250,000 have the right to apply for Turkish citizenship. In other words, by purchasing real estate in Turkey, you can both make a profitable investment and gain the right to apply for Turkish citizenship. On the other hand in Australia, even when you buy a property in Sydney, it doesn’t guarantee you citizenship.
Residence permit for real estate buyer
The Government of the Republic of Turkey grants residence permits to foreigners who purchase real estate in Turkey. This permit, which can be granted for a maximum of two years, can be extended. In addition, if the necessary conditions are met, the right to Turkish Citizenship by Investment can be obtained after five years of residence. This residence permit is granted to all family members (first-degree relatives, spouse, and children under 18). With this residence permit, children of foreigners settled in Turkey can study in Turkey. Foreigners with a residence permit in Turkey can find a job more efficiently and obtain a work permit. In addition, foreigners with a residence permit in Turkey have the opportunity to purchase motor vehicles, export furniture and vehicles, register with social security, and establish a company.
Geographical location and transportation possibilities
Turkey provides transportation to almost all countries of the world with its geographical opportunities and transportation infrastructure. Considering that you own a house in Istanbul today, it means that you will have the opportunity to reach 249 different cities in 110 countries by direct flight from Istanbul Airport. In addition, if we look at the opportunities provided by its geographical location, Turkey is one of the rare middle belt countries globally that has four seasons. You will also have the opportunity to live a quality life in the country, which offers various opportunities in 4 seasons.
Cultural and social opportunities in Turkey
There are all kinds of social opportunities in Turkey, from sports to cultural activities, concerts, and entertainment. The four corners of the country offer different possibilities. While enjoying the sea on the blue flag beaches in Antalya, you can enjoy skiing in Bursa Uludağ. You can also find the opportunity to participate in international festivals held every year in Istanbul. Millions of tourists come to Turkey every year to benefit from all these opportunities.
Affordable housing prices and exchange rate
Turkey attracts thousands of investors from many parts of the world with its advantageous location. In addition to the natural and cultural beauties of the country, the fact that it offers affordable real estate also attracts investments. The rising exchange rate in Turkey in recent years offers promising and profitable investment opportunities for foreigners.
Developed real estate sector and modern residences
Turkey’s real estate and construction sector, which has developed considerably in recent years, offers luxurious and modern options to its buyers. While most newly built residences have innovative home technologies, almost all have luxury social amenities such as a swimming pool, spa, gym. It is possible to have real estates that provide all these luxury opportunities at a more affordable price in Turkey compared to other countries and metropolises of the world.
cost of living in Turkey.
Turkey is also an agricultural country due to its location and climate. It is possible to reach fresh fruits and vegetables in all four seasons in the country. For this reason, food expenses are meager in our country. Foreigners coming from abroad can lead a comfortable life in our country due to the exchange rate.