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Buying land in Turkey

Buying land in Turkey

The real estate market in Turkey is known to be of great diversity and importance, and this was one of the important reasons that prompted many real estate investors around the world to choose it in order to start a distinguished investment project. Land is one of the most important options offered by the real estate market in Turkey, but does a foreigner have the right to buy land in Turkey? What are the conditions that must be met for foreigners to own land in Turkey? Through the following article, we will provide you with the most important details related to buying a land in Turkey. We will also mention the most important advantages of this matter in detail.. You can be with us.

 

Can a foreigner buy land in Turkey?

As stipulated by Turkish law in Article 35 of the Real Estate Law in Turkey, which provides for the abolition of the law of reciprocity for foreigners in Turkey, but this does not negate the existence of many rules and conditions that must be adhered to or provided. In the context of talking about foreign ownership of lands in Turkey, there are some nationalities that are prohibited from owning land in Turkey, such as Syria / Armenia / Cuba / North Korea / Cyprus.

 

What are the most important conditions for foreign ownership of land in Turkey?

There are a number of conditions that must be met and that the foreigner must abide by in order to be able to buy land in Turkey, the most prominent of which are:

-         The area of ​​the land or the group of real estate and lands that he owns in Turkey should not exceed thirty hectares, as a foreigner is not entitled to own more than that area, and his real estate properties in one area should not exceed ten percent of its area.

-         A security approval must be obtained from the competent authorities, and this needs a maximum period of one month, and a real estate appraisal document must be extracted.

 

What types of land in Turkey?

You must take a look at the types of land in Turkey before you buy, it is divided into two parts, the first is arable and the other is suitable for construction. Therefore, before you sign the sales contract, it is important to review the real estate registry to find out this matter. As stipulated by the laws in Turkey, it is permissible to obtain a license in order to carry out activities that do not belong to the field of agriculture, but under specific conditions, the most prominent of which are: That the land is not suitable for agricultural activities / its soil cannot be used / if there is a necessity to establish the project planned for its construction and at the same time it does not have any negative effects.

 

How to invest land in Turkey?

Land investment ideas in Turkey cannot be limited to specific areas, as the options are many and wide and offer a lot of huge profits.

1 - The investor can reside on that land a villa, a residential complex, or even a commercial complex.

2 - It could be a factory, a barn, or a farmhouse.

3 - It can also be a flower farm or a private farm.

4 - There are those who take the orchard to plant fruit trees.

 

Steps to buy a land in Turkey:

In order to buy a land in Turkey, you must be well aware of the dimensions of this issue and you must know all the steps that must be taken.

Firstly: It is important to determine your financial budget. Do you own the full amount to pay the price of the land in one go, or will you need to borrow part of the amount, or will you share ownership with others? In this context, it is important to point out that you should search for land prices well by taking tours in the real estate market to see the available options, and these are the most important steps to search for land for sale in Turkey:

- In the beginning, you must specify the Turkish city in which you will search for the land, and then the region or neighborhood that is located within the state.

- There are many ways and means through which you can find land for sale in Turkey, the most prominent of which is the use of a real estate company that is located in Turkey. You can search through websites. There is a third method, which is very common, which is self-search.

- Do not forget to negotiate with the owner of the land on the price and do not pay him what he asks for directly, and here lies the importance of the real estate company, as it has the skill of negotiation.

- It is important to search well around the land and make sure that it is safe and that there are no problems arising from it, such as mortgage or mortgage problems.

Secondly: All the required papers must be prepared in order to obtain the real estate title deed, which is the sales contract / passport, in addition to a copy of it that is translated and certified by the notary public / real estate appraisal document / personal photos.

Thirdly: In the third stage, after preparing all the necessary papers and documents, you must go to the Land Registry Directorate to sign the contract. In the event that the buyer is not familiar with the Turkish language, he must seek the assistance of a sworn translator.

 

What if I want to obtain Turkish citizenship by buying land in Turkey?

This is possible, as it is possible to obtain Turkish citizenship by buying a land in Turkey, whether it is suitable for housing or for agriculture. There is no difference in that, but its price must be at least two hundred and fifty thousand US dollars as a minimum, in addition to that it must not be sold before the passage of three years from the date of its ownership. In this context, it is important to point out that it is permissible to obtain Turkish citizenship through the foreigner's ownership of more than one property, regardless of its type, with the price of them being no less than the mentioned amount. By purchasing a land in Turkey, real estate residency can be obtained, but under one condition, which is that it be used for residential purposes, such as a residential building being built on it, as one of the most important conditions for obtaining real estate residency is that the property be residential.

 

Which Turkish cities are the best option for buying land in Turkey?

According to real estate experts, in order to invest agricultural land, it is recommended to buy lands near and around Istanbul or in areas where industrial projects are scheduled to be built. Of course, Istanbul is the first choice for anyone looking for land for sale in Turkey, as it offers a lot of rewarding and distinctive returns. In Istanbul, you can head to the Catalca district, as it is rich in land, or the Silivri district, and Arnavutkoy is one of the bright options. In general, land is considered one of the most important investment options at all, based on what many specialists in this field have stated (buy land when others want to sell it, as there is no longer anyone who makes more land).

In the context of talking about land in Turkey, it must be noted, however, that this type of real estate has a high price, as its prices are constantly increasing, and it is likely that more will be recorded in the coming periods.

 

At Ramzy Real Estate Company, we are glad to accompany you on the journey of buying property in Turkey and to provide you with a range of services to make the process smooth and easy , as we are always keen to present a variety of options for residential and investment properties in addition to helping you obtain Turkish citizenship for those looking for it.
Our services:
- Legal advice .
- Property Management.
- After-sales services .
- Legal services and obtaining Turkish citizenship.
- Buying and selling real estate in Turkey.
- For more details, you can contact us via the communication platforms or via the WhatsApp attached on the site.

 

Editing by Ramzy Real Estate Team ©

 

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