What is real estate residency in Turkey?

What is real estate residency in Turkey? It is a document issued by the Turkish Immigration Department, which the authorities grant to foreigners who have bought a residential property, which is temporary stay that can be renewed annually, and the wife and children under the age of 18 are entitled to it.

The residence allows the owner to enjoy the rights to education, medical treatment, and live in Turkey legally.

Holder of real estate residency is entitled to apply for permanent residence in Turkey if he has completed 8 years legally uninterrupted.