Important Advice About Foreigners Buying Land In Turkey
What are architectural lands, and what is the difference between them agricultural lands in the title deed?
Architectural land is every land on which construction is permitted at a certain percentage, whether it be villas, commercial, residential, tourist, health or educational buildings. While agricultural land is every land on which construction is not permitted, or on which construction is allowed in very small proportions of its area, on special terms. As for naming these two types of lands in the title deed in Turkey: The architectural land is called Arsa. While agricultural land, is called Bahçe tarla in the title deed.
What are the conditions for a foreigner to own land in Turkey?
In general, foreigners are entitled according to the 2012 property law to own land and real estate, but with conditions, such as:
- The property to be purchased is not located near sensitive military facilities.
- Not owning agricultural land for more than two years without an agricultural project during these two years.
- A foreign person is also not entitled to own more than 300,000 square meters of agricultural land.
- The area of land owned by foreigners in any place should not exceed more than 10% of the area of the region.
How can a foreigner buy land on his own name, or a company name, which is better?
A foreigner may purchase property on his or her own name or on the name of a company, and the preference between the two is due to the type of land and the purpose of its ownership. If the goal is to establish a project on the ground regardless of its agricultural, commercial or construction type; The best is to start a company, then register the property on its restrictions. And so if the goal of buying agricultural land is to wait a while for it to go up in price, here’s also the registration by founding a better company, because a project must be established within two years on this land.
What projects can be set up on agricultural land and what do you think of them?
Animal, cattle and poultry raising projects, to obtain meat, milk and eggs. Agricultural projects using advanced technology, such as: growing tomatoes, strawberries, and other products.
Here, we should point out that a person wishing to invest in agricultural land must be at the head of his or her work and have his or her own team and expert on such investment, so that the matter is not left without direct follow-up from the investor.
Can you build a villa or a cottage on agricultural land?
It is not possible to build huts on lands classified as agricultural, because the percentage of construction on them is usually very low.
The possibility of building on agricultural land is also required to have a very large area, in certain areas and defined by the State.
In practice, therefore: Land classified as agricultural cannot be legally built on title.
Would you recommend buying land, an apartment or an office in Turkey, and which is better in terms of investment?
Advice depends on the type of profits expected, and the speed at which they are obtained. Buying an apartment or office in Turkey, often aimed at investing in the medium term by, for example, renting them.
As for the purchase of land, it is for investment in building and constructing it, and then selling the properties that have been built.
With regard to agricultural land, or cheap, it is recommended for those seeking to buy a property, and leave it for a long period of time for the children to benefit most from it, not the direct buyer!
In which cities do you advise investors to buy?
For long-term investment, we recommend buying agricultural land in the cities around Istanbul, as it is expanding, such as: Edirne and Tekirdag. Also, we can recommend buying in areas where there are plans for industrial cities, such as: Izmit, Sakarya, and areas near Asian Istanbul. It