Land prices in Turkey 2023

The question of land prices in Turkey often comes to the mind of everyone who wants to own land in Turkey and invest in it as a profitable investment, especially if it is an agricultural investment.

Turkey is famous for its large areas suitable for agriculture, in addition to the availability of all the ingredients for the success of your investment.

If you are looking for an answer to this question, and you want to know the most important information about the conditions and steps of land ownership in Turkey, in addition, we will cover you with an overview of investing in agricultural land and its conditions.

Skyline real estate wishes you every benefit from this article.

What are the land prices in Turkey?

The price of land in Turkey cannot be determined absolutely, it varies from land to land depending on many factors that play an important role in determining the value of land, such as the location of the land, its type, area, available services (for residential land) and other factors.

But in general, the price per meter is not less than 40 US dollars and not more than 1000 US dollars per square meter, as, as we said, it varies depending on the above factors.

If you want to get land at an acceptable price, you will have to search in small states, it is known that land prices in large states such as Istanbul are high, and you can contact us to find out land prices in Turkey accurately.

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What are the conditions for foreigners to own Turkish lands?

The Turkish real estate law allows foreigners in Turkey to purchase land, according to Article 35, which provides for the abolition of reciprocity in all types of real estate ownership transactions for foreigners in Turkey, which is considered an explicit consent to the purchase of land, but when the following conditions are met:

• The foreigner who wishes to own should not be one of the nationalities that Turkish law prohibits owning in Turkey, namely: Syria, Armenia, Cyprus, North Korea, Cuba.
• The land area or the total area of real estate owned by a foreigner in Turkey should not exceed 30 hectares.
• There should not be more than 10% of the land sold to foreigners within the administrative boundaries of the area to be owned.
• A foreigner does not have the right to own land within the security and military zones.
• Obtaining security and military approval from the authorities responsible for the area where the land is located.
• Extract the real estate appraisal document for the land.
• Complete the land ownership documents systematically.

These were the conditions and prices of land in Turkey, so if you are still interested in owning Turkish land, we will now tell you how to purchase it.

What are the steps to buy land in Turkey?

You must follow sequential steps when buying a plot of land in Turkey, whatever its type and purpose of ownership, whether for the purpose of establishing an agricultural or residential project, in order to ensure the proper process of ownership, these steps are:

1. Initially, you should determine your goal of buying land, as a lot of details regarding the specifications of the land and its location will be built on the goal.
2. Determine the state in which you will be looking for land and then narrow the scope to determine the area and then the neighborhood of the state.
3. Search for suitable land by following common methods such as contacting a real estate company, browsing websites that offer properties for sale, or through self-search.(To save you a lot of time and effort, contact us to help you find the right land).
4. View the list of land prices in Turkey by taking tours of the real estate markets to see all the available options.
5. Determine your financial budget, and are you able to pay the full amount at once, or do you intend to buy it in installments, or do you want to take a mortgage loan from one of the banks in Turkey.
6. It is necessary to check the land and make sure that it is safe, and that there are no consequential problems such as mortgage or foreclosure, before paying and signing the contract.
7. After confirming your choice and agreement with the owner, you should prepare the required papers to extract the title deed document, namely: the contract of sale, passport with a copy translated into Turkish and certified by the notary, the real estate appraisal document, a photo of the seller and two photos of the buyer, in addition to other documents that the municipality may request to determine the location of the land.
8. The seller and the buyer go with two witnesses to the title deed Department in the region where the land was purchased, in order to notarize the contract in the land registry and obtain the title deed.

With these simple steps, you can legally own land in Turkey, we will now show you how to take advantage of this land in Turkey to ensure high profitable returns.

How to benefit from land investment in Turkey?

Land investment in Turkey is often carried out in the agricultural field, as Turkey is famous, as we mentioned in the introduction, for providing all the elements of agricultural investment success, namely:

• The presence of large arable areas.
• Abundance of Water Resources.
• A suitable climate for successful cultivation.
• Significant government support for agricultural projects.
• Easy export of agricultural products.

Based on this, we find that Turkey is witnessing a great renaissance in the agricultural sector and is famous for growing various types of vegetables and fruits and many crops such as wheat, hazelnuts, cotton, and others.

If you want to grow citrus fruits, we advise you to buy land in Adana, which is one of the most famous areas that grow lemons and oranges, while Konya is famous for growing cereals of all kinds, while Antioch is famous for growing various types of vegetables, while Izmir is known for growing roses, so it is called the "city of roses".

It is worth noting that the benefit of land in Turkey is not limited to the establishment of agricultural projects, but you can also invest in it through the construction of a residential building, the construction of a commercial complex, the construction of a factory, or the construction of an animal husbandry farm..Etc.

What are the conditions for agricultural investment in Turkey?

If you have decided to invest in agriculture on the land you have purchased, you will have to do the following:

• Turkish law requires a foreigner to obtain the approval of the ministry by submitting his agricultural project.
• Purchase of agricultural land determined by the Turkish government, with an area of not less than 1000 square meters.
• The establishment of the project with a capital of at least 100 thousand Turkish Liras.
• Submit a feasibility study for the project to be established for a period of five years.
• The possibility of providing a source of irrigation by drilling underground wells.
• When acquiring property for the purpose of establishing an agricultural project, the foreigner must establish it within a period not exceeding two years, but if the project is not established, the ownership license will be withdrawn from it.
• When a foreign investor participates in an agricultural project for a Turkish investor, this grants him government support up to 50% of the project value.

Read also:

Properties for sale in Sisli Istanbul

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This concludes the skyline real estate article about land prices in Turkey, through which we have provided you with all the information you are interested in about the terms of buying land in Turkey and how the ownership process takes place from the start of the search for suitable land until the receipt of the title deed.

We have also provided you with ideas for land investment and making profits from it, and finally we have explained to you the conditions for agricultural investment in Turkey.if you still have any questions about this topic, please do not hesitate to contact us directly.