Living in Turkey has become the closest method to meet the needs and desires to many people whether they were a student, a tourist, or an investor, as Turkey has become a haven for many foreign citizens from different countries to live and settle in, as it has many attractive and special features.
First: Real Estate in Turkey:
The first step to settle in Turkey is to find the suitable property, as through this step, you can build the next steps, in this case, there are two choices to those wishing to settle in Turkey, which are:
1. Purchasing a Property in Turkey:
- Purchasing a property in Turkey is the best option in terms of settling to finding the best house for you and your family.
- Turkey has many residential projects in many areas, real estate prices vary according to location, space, and room count, also, the real estate prices changes if the property was inside a compound or in an individual building.
- Apartment prices in Turkey starts from 60k USD, and some projects offers installment plans option especially if it was under construction.
- Property owner and his wife and children under 18 have the right to obtain real estate residence permit for two years renewable.
- Turkish law states that owning a property with a value of 400k USD allows its owner to obtain the Turkish citizenship therefore settling in Turkey.
2. Renting an Apartment in Turkey:
- Some people would rent an apartment in order to settle and live in Turkey.
- In the case of renting an apartment or a house in Turkey you have the right to apply for a Tourist residence permit renewed annually.
Second: Residence Permit in Turkey and its Types:
There are many types of residence permits in Turkey helping people to settle and live in it which are:
1. Tourist Residence Permit:
Tourist residence permit allows its holder to enter Turkey without the need to obtain a visa, which motivate foreigners for tourism andInvestment in Turkey and settle in it.
2. Real Estate Residence Permit:
2. Real Estate Residence Permit:
3. Student Residence Permit:
You can obtain the residence permit in case you are a student in one of the private or public Turkish universities or any high education institution in Turkey, and is considered one of the special residence permits which motivate students to live in Turkey.
4. Business Residence Permit:
It is a work permit within the supervision of the Turkish law, you can work in Turkey through this permit easily and its one of the permits that gives you the right to settle and move in Turkey.
Third: Establishing a Company to Work in Turkey:
Considered one of the most important steps to live and settle in Turkey, as most of the investors wishing to settle in Turkey go to Istanbul in particular for these reasons:
1. High population as Istanbul has 18 million Turkish citizen and 5 million from different nationalities.
2. Istanbul is considered the trade capital in Turkey, as it offers many investment opportunities varies from commercial to industrial more than other cities.
3. The ability to work in many fields such as: tourism, general services, medical tourism, professional occupations, cafes and restaurants, import and export.
Pros of Living and Settling in Turkey:
1. The special and strategic geographic location and wonderful climate across the year.
2. The low cost of living in Turkey compared to other European and Arab countries.
3. The advancement in Turkish Economy and all the medical, investment, educational, and tourism industry.
4. The variation of options and available resources to live and settle in Turkey.
Cons of Living and Settling in Turkey:
1. The necessity to learn the Turkish language in order to facilitate communication with the locals and the possibility of living and settling in Turkey.
2. The companies should offer work permit to foreign citizens as long as they are in the job.
3. The difference in prices between the Turkish provinces, where settling in a province such as Istanbul or Ankara has high prices, while settling in rural areas has relatively low prices.
Horizon Turk real estate provides you with all the important advice that you need in the process of buying real estate in Turkey in order to settle in it, in addition to free real estate consultations and the ability to view the most important real estate projects to understand the Turkish real estate market and choose the best and most suitable for you.
