Investment in Land in Turkey in 2024
Turkey is considered one of the most attractive countries for real estate investment worldwide,
especially in land acquisition, thanks to its strategic location and diverse natural, touristic, and agricultural assets.
In this article, we will highlight the key information, tips, and expectations regarding land investment in Turkey in 2024.
• Types of Land in Turkey:
Land in Turkey is divided into two main types: urban land and agricultural land.
Urban land: Includes all plots where construction is permitted according to laws,
regardless of the type of building. They are commonly referred to as “arsa” in Turkish.
Agricultural land: Usually restricted for building, but in some cases, small structures may be allowed under special conditions.
Determining the suitability of land for agriculture or construction requires communication with the municipality and the land registry.
• Conditions for Foreign Investment in Land in Turkey:
The Turkish Property Ownership Law, issued in 2012, facilitates land acquisition for foreigners without restrictions, except for citizens of four countries. The following conditions apply:
- Not representing nationalities prohibited from property ownership.
- Not exceeding an area of 30 hectares.
- Not exceeding 10% of the municipality’s area.
- Obtaining security and military approvals.
- Obtaining a property appraisal certificate.
- Absence of forgery in official documents.
Is it advisable to buy in a specific area?
The investment features and factors vary in each region of Turkey.
However, we can provide some general advice and information on the best areas to buy land in Turkey based
on the type of land and investment purpose.
- If you are considering buying land for real estate development, whether residential, commercial, or tourism,
- Istanbul is the optimal choice due to its strategic location and economic, touristic, and cultural activities.
- The best areas in Istanbul for buying urban land include Basaksehir, Besiktas, Camlica Hill, and Sileim Pasha.
- If you aim to purchase agricultural land for farming or rural activities, several Turkish cities offer such opportunities,
- such as Bursa, Antalya, Trabzon, and Kars. The best areas for buying agricultural land include Adana, Tekirdag, Izmit, Sakarya, and Nevsehir.
- If you target industrial investment, Turkey provides advanced industrial cities with strong infrastructure,
- governmental support, proximity to markets, and ports, such as Bursa, Kocaeli, Gebze, and Mersin.
The Importance of Land Investment in Turkey in 2024:
Investing in land in Turkey in 2024 presents significant opportunities and notable importance.
Turkey is one of the world’s fastest-growing economies, making it an attractive destination for real estate investment.
Land investment in Turkey in 2024 and beyond offers several advantages, including:
Financial returns: Turkey’s real estate market is among the promising emerging markets,
providing opportunities for high financial returns through developing new real estate projects or investing in lands earmarked for future development.
Population demand: Turkey experiences robust population growth, leading to increased demand for housing and real estate services.
Land investment can be lucrative, especially in major cities like Istanbul, Ankara, and Izmir.
Encouraging policies: The Turkish government continues to adopt policies encouraging real estate investment,
such as facilitating residence permits for foreign investors and easing property ownership regulations.
Tourism development: With its rich history and distinctive geographic location, Turkey is a major tourist destination globally.
Investing in land in the hospitality and tourism sector aligns with the continuous expansion of the tourism industry.
Continued economic growth: Turkey witnesses strong economic growth,
offering increasing opportunities for investment in various sectors like residential, commercial, and industrial.
Legal framework: In recent years, Turkey has taken steps to facilitate foreign investment in
real estate by simplifying administrative procedures and improving the business environment.
