10 Important Questions About Buying Land in Istanbul

Buying land In Istanbul, Are you thinking about investing in one of the most prosperous cities in the world? Did you know that Istanbul is one of the top destinations for real estate investment, whether you are looking to buy residential, commercial, or even agricultural land? What are the legal steps that need to be followed, whether for Turks or foreigners? What are the most attractive areas for land investment? And what are the factors that influence the value of land sales in Istanbul?

In this article presented by Sdad Real Estate in Istanbul, we will answer the most prominent questions that might come to mind about land sales in Istanbul, providing you with a clear vision and boosting your confidence in making the right investment decisions.

Frequently Asked Questions about Buying Land in Istanbul

Can foreigners buy land in Istanbul?

Yes, foreigners are allowed to purchase land in Istanbul and throughout Turkey, provided the land is not located in prohibited areas, such as military or strategic zones. The land purchase must be for specific purposes such as investment or construction. It is always recommended to verify legal requirements and seek advice from a lawyer or real estate consultant to ensure the process is legal and correct.

What are the legal procedures for buying land in Istanbul?

According to Turkish laws, foreigners can purchase land in Istanbul and most areas of Turkey, as long as the land is not located in military or strategic zones or among the nationalities prohibited from owning land in Turkey. Prohibited areas include those considered to be of security importance or those near military facilities. These areas are determined by Turkish authorities, and the status of the land must be checked before purchasing.

Purpose of purchasing land

Land purchases must be for the following purposes:

• Real estate investment: Foreigners can buy land for investment purposes, such as building properties or commercial projects.
• Personal construction: Foreigners are permitted to purchase land to build their private homes or personal projects.

It is important to adhere to the declared purpose when registering the land, and the land must be used according to the permits specified by the authorities.

Legal Procedures for Buying Land

To purchase land in Istanbul, a foreigner must follow a set of legal steps to ensure their rights are protected. These procedures include:

1. Verifying the title deed (Tapu): It is essential to check the validity of the title deed with the Land Registry Office (Tapu) to ensure that the land is free of mortgages or any legal issues.

2. Signing the sales contract: The sale contract must be signed in the presence of a notary (noter) to ensure the legality of the transaction.

3. Registering the land in the Tapu: After signing the contract, the land is officially registered in the buyer’s name in the Tapu registry.

Restrictions on Foreigners

Although the law allows foreigners to purchase land, there are some restrictions to consider:

• Foreigners cannot own more than 30 hectares of land across Turkey.
• The total area owned by foreigners cannot exceed 10% of the total land area in a specific region, aiming to preserve demographic balance and local development.
• Certain nationalities are prohibited from owning property and land in Turkey according to Turkish laws. For national security or diplomatic reasons, citizens of countries such as Syria, Armenia, North Korea, Cuba, and Greek Cyprus are prohibited from purchasing property in Turkey.

What are the most sought-after areas for land investment in Istanbul?

1.Yenişehir

Yenişehir is one of the most promising areas for land investment, mainly due to its proximity to the Istanbul Canal project, a massive undertaking expected to significantly raise land values in the region. Yenişehir’s strategic location between the two sides of the city makes it an ideal destination for both residential and commercial land investments. With the ongoing urban development, the area is expected to witness significant growth in the coming years, making it one of the most attractive regions for investment.

You may be interested in: Land for Sale near Toki Project | Yenişehi

2. Basın Ekspres

A rapidly developing central area known for its infrastructure growth, Basın Ekspres is a hub for businesses due to its proximity to Istanbul’s new airport and major road networks.

3. Levent

Levent is a prime business district and a hub for luxury real estate projects, making it one of the most valuable areas in Istanbul.

4. Maslak

A modern business center, Maslak is ideal for commercial investments, with many skyscrapers and large companies headquartered here.

5. Beylikdüzü

This growing area offers reasonably priced land, making it suitable for residential investments with significant growth potential.

6. Zeytinburnu

Zeytinburnu has undergone significant transformation thanks to its central location and proximity to the Sea of Marmara, making it suitable for luxury projects.

7. Arnavutköy

Located on the European side of Istanbul, Arnavutköy is surrounded by nature and ideal for agricultural land investments. Its proximity to Istanbul’s new airport has drawn increasing interest from investors looking for future land investments.

8. Silivri

A coastal region along the Sea of Marmara, Silivri offers affordable land prices and is gradually seeing development in both residential and commercial projects.

9. Sarıyer

An upscale area with stunning sea and forest views, Sarıyer is ideal for luxury villas and long-term real estate investments.

10. Kadıköy

Located on the Asian side of Istanbul, Kadıköy sees high demand for residential land, especially near the sea.

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Do land prices vary based on location in Istanbul?

Yes, land prices in Istanbul vary significantly depending on the location. Land near major projects and central business areas tends to be more expensive, while land in rural or developing areas is relatively more affordable.

What are the taxes associated with buying land in Istanbul?

When purchasing land in Istanbul, you should be aware of the taxes associated with the process. Below are the key taxes that may apply when buying or selling land:

Title deed transfer tax: This tax is 4% of the declared value of the property in the sales contract. Typically, this tax is split between the buyer and seller at 2% each, although in some cases, the buyer may agree to cover the entire amount.

Value-added tax (VAT): VAT of up to 18% may apply to some properties and land, particularly if the land is part of a residential or commercial project. This tax is not always applied and depends on the type and location of the property.

Annual property tax: After purchasing land, an annual property tax is due. This tax ranges from 0.1% to 0.3% of the market value of the land, depending on its location and designated use (residential, commercial, agricultural).

Land survey fees: Additional fees are paid for land surveying and registration when transferring ownership, with costs varying based on the type and size of the property.

What factors affect the sale value of land in Istanbul?

1. Geographical Location: Central areas and locations near major projects, such as the Istanbul Canal and the new airport, experience a rise in prices.

2. Infrastructure: Land located near transportation networks, schools, and public facilities tends to be more valuable than others.

3. Major Projects: Large-scale projects like the Istanbul Canal increase the value of land in neighboring areas, such as Yenişehir.

4. Supply and Demand: Increased demand in certain areas leads to higher prices, while in less popular regions, prices remain stable or lower.

5. Growth Expectations: Areas expected to grow in the future, such as Yenişehir, see rising prices due to the anticipated expansion and development.

6. Economic Factors: General economic stability influences the level of demand and land value.

7. Natural Views: Land with sea views or scenic surroundings is often more valuable than land without such features.

8. Legal Stability: Land that is free from legal disputes, mortgages, or encumbrances is more valuable as it offers investors a higher level of security.

9. Proximity to Business Centers: Areas near business hubs like Maslak and Levent usually experience higher land prices due to the high demand from companies and commercial projects.

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Can Agricultural Land in Istanbul Be Used for Construction?

Generally, construction is not allowed on agricultural land, except for small structures like a cottage that supports farming purposes. In some cases, agricultural land can be reclassified for residential or commercial use after obtaining the necessary permits from the relevant authorities.

How Can I Verify the Validity of the Land Title (Tapu)?

You can verify the validity of the land title by visiting the Land Registry Office (Tapu), where you can ensure that the land is free from any legal issues such as mortgages or liens.

What Is the Best Time to Buy Land in Istanbul?

The best time to buy land is when prices are relatively stable or at the beginning of major projects that are expected to increase the value of nearby land. Economic forecasts and urban development projects also influence the best time for investment.

Can Land Purchases in Istanbul Be Financed Through Mortgage Loans?

Yes, some Turkish banks offer mortgage loans for purchasing land. The terms and guarantees required vary depending on the bank and its specific financing policies. It’s important to check with the relevant bank to understand the requirements and procedures for obtaining the loan.

Sedad Real Estate Offers

Land for Sale near the TOKİ Project in Yenişehir

A plot of land is available for sale in the new city of Yenişehir, in the Boyalık area, with a total area of 5,606 square meters. The land comes with residential zoning permission for 3 floors + ground floor, along with several other features, including:

• Independent title deed (Tapu)
• Located near a 55-meter wide road
• Close to a school complex
• Proximity to Istanbul’s new airport
• Close to the TOKİ residential project in Yenişehi

In conclusion, if you are looking for a real estate company in Istanbul, Sedad Real Estate Group is based in the Başakşehir area of Istanbul. Our company consists of a team of specialized consultants in land investment, dedicated to guiding clients towards safe and sound investments in Yenişehir and Istanbul lands. To contact Sedad Real Estate, you can reach us through the phone numbers listed at the bottom of the page.