— Hello, I want to buy several properties in Turkey for a total of $ 300 thousand, but I’m going to live in an apartment with an estimated cost of less than $ 75 thousand. Can I get a residence permit by TAP?
— No, under such conditions, it is impossible to obtain a residence permit on the basis of TAPU, because since May 5, 2020, the threshold for real estate investments has been increased in Turkey. You can apply for a tourist residence permit, but for Russians, there are now almost 100% refusals for such requests.
For a residence permit for TAPU, the cadastral and estimated value of the object should be at least $ 75 thousand, if we are talking about large cities such as Istanbul, Ankara, Izmir, Antalya, Mersin, etc. (31 cities in total). In this case, the applicant is obliged to live in the apartment on his own. The country monitors who is registered and lives at the specified address. Accordingly, it will not work to deceive. The total cost of the investment in this case is also not taken into account.
I also remind you that you can apply for citizenship for the purchase of apartments only when buying real estate for at least $ 400 thousand,” replied the expert of the Tuncay & Barcin Law Office.
— Is there a time frame that must be observed when you purchase one or more objects to obtain citizenship by TAP? And what if the apartments do not have TAPU?
– “Officially, there are no time limits, but we do not recommend delaying the purchase. The legislation may be changed in relation to foreigners and part of the investment will disappear.
If you invest in an apartment(s) at the construction stage, it is impossible to get a TAPA.
However, there is a way out — to formalize ownership through the certification of the purchase and sale agreement. There will be nuances here: all real estate objects must be in one contract. This means that you need to buy at the same time and, at least, from one developer, the number of objects can be any.
If the housing is ready and it is possible to get a TAPA, then the applicant can buy several objects for a total cadastral value of at least 400 thousand. $ and get citizenship,” the expert notes.
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