Is Investing in Residential Lands in Turkey Profitable?

Real estate investment methods in Turkey are numerous and diverse, including apartments, offices, residential and commercial lands, agricultural lands, and more. Each has its advantages and disadvantages depending on your investment goals and experience.

Turkey is one of the most attractive countries for investors worldwide, especially after the significant facilitations provided by the Turkish government for foreigners. When examining the reasons for the strength of the real estate sector in Turkey, it is constantly developing and innovating due to population expansion, which has naturally led to an increase in areas under planning. Additionally, major projects undertaken by the Turkish government have raised the value of surrounding residential lands, such as the new Istanbul Airport and the new city of Yenişehir.

Residential Lands

Residential lands are designated for construction and development, whether for building a villa, an apartment, or a residential complex, according to the municipality’s permit in the area where the land is located. Buying residential land in Istanbul, in particular, and across Turkey in general, is considered a profitable investment. Investors purchase residential land that is suitable for development, build a residential project, and sell it, thus achieving a high profit compared to other investments. However, it is crucial to pay attention to the allowable construction percentage on the land and its zoning regulations as specified by the municipality, and not to forget the importance of the strategic location of the land.

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Advantages of Owning Residentials Land in Turkey

• Possibility of obtaining Turkish citizenship by purchasing land worth at least $400,000 and building a residence on it.
• Opportunity to start a highly profitable investment project by building (luxury residential complexes, apartments, villas), among other profitable projects.
• Building your dream home according to your specifications and budget.
• The price of land does not decrease over time; it maintains its investment value and is protected from earthquake risks, unlike apartments and buildings.
• The gradual increase in residential land prices ensures that the investor’s capital will double in the shortest possible time.

Real Estate Ownership Conditions for Foreigners in Turkey

• The area of properties owned by a foreign person must not exceed 10% of the administrative area.
• The land to be purchased must not be within military and security zones where foreign ownership is prohibited. If desired, an official permit must be obtained from the military units in that area.
• The total area of properties owned by a foreigner must not exceed 30,000 hectares.

Important Tips When Choosing a Piece of Land

Choosing land mainly depends on the purpose of its purchase, whether for establishing an agricultural, commercial, or residential project. Therefore, it is necessary to ensure the construction permit, zoning, and area of the land, as all this information is mentioned in the land deed and the municipality’s plan. It is also essential to choose a strategically distinguished location for the land, preferably near urban transformation projects like the new city of Yenişehir in Istanbul, the new Istanbul Airport, major roads, and service centers, as this will increase its investment value over time.

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• The new city of Yenişehir

Best Cities to Buy Land in Turkey

Istanbul

Istanbul tops the list of best cities for ownership and real estate investment. It enjoys a strategic location between the continents of Europe and Asia and has an active real estate market with numerous diverse investment opportunities and massive developmental projects that attract major investors worldwide.

Bursa

Bursa is known for its green forests, moderate climate, and beautiful nature that attract tourists. By purchasing property in Bursa, you can benefit from the thriving tourism industry by renting out the apartment or villa you own.

Antalya

Antalya is the jewel of the Mediterranean, attracting visitors with its stunning beaches and beautiful nature. Its lands with distinguished views offer excellent investment opportunities for those seeking profit.

Trabzon
The tourist city of Trabzon is located on the Black Sea coast and is known for its enchanting nature and scenic views, making it a preferred destination for real estate investment and residence for both foreigners and Turks alike.

In conclusion, regarding the profitability of investing in residential land in Turkey, we have reviewed the advantages of buying residential land in Turkey and the best cities for residence and investment. For more information and to learn about our special offers for buying land in Istanbul and the new city of Yenişehir, you can contact the specialized team at Sedad Real Estate.