Can I stay in Turkey by buying a house?

According to Tejarat News, considering the announcement of the sale of houses by Iranians to sell their property in Turkey, can it be imagined that the houses of Iranians in Turkey will be bought at a lower price than the houses of the citizens of this country?

As EconomyOnline According to the report, Reza Kami, President of the Iran-Turkey Joint Chamber of Commerce, emphasized: “Due to the violations and scams that have taken place in this way, we recommend to all people who intend to buy a house in Turkey before proceeding with all conditions and methods.” Get full information on buying a home in Turkey.

Buy a house worth less than $ 250,000

According to a property purchase consultant in Turkey, under Turkish law, Iranian citizens will receive a one-year residency in the country if they buy a house worth less than $ 250,000.

In this case, the residence of the buyer of the house is extended annually as long as he lives in Turkey, and after five years, the person can receive permanent residence, citizenship and a passport of this country. It should be noted that in these five years, a person can not sell his house.

Buying a home worth more than $ 250,000

Another option is for someone to buy a home worth more than $ 250,000.

In this method, the property owner receives a passport and citizenship right from the beginning, but still does not have the right to sell his house for up to three years, because he has received citizenship in exchange for buying a house.

It should also be noted that the Turkish currency crisis has put foreign investment in the country at high risk. Buyers of housing in Turkey, for example, have suffered significant losses over the past two years due to the devaluation of the lira.

Therefore, in addition to observing the legal issues of buying a house in Turkey, all the conditions must be considered economically to invest in the real estate of this country.

Follow the latest housing news from the Tejarat News housing page.