What are the Advantages of Land Investment in Turkey?

Why Should Foreigners Invest in Land in Turkey?

Recently, Turkey's land investment has attracted interest from many parts of the world. These people invest in Turkey for reasons such as investment and residence. So why invest in land in Turkey? The reasons are as follows:

1. Low Prices: The most important feature that attracts investors to buy land in Turkey is the low price of these lands, especially when compared to the prices of finished houses in Turkey. First, if you want to buy a piece of land in one of the most attractive locations in the country, such as Istanbul, Antalya or Fethiye, it will cost you less than ready-to-move-in housing options.
2. The Wealth of Turkey's Land Size: The unique nature of Turkey and its vast landmass play a major role in the spread of this type of investment, as there are many options available to you in different regions and in different locations.
3. Leave room for creativity and imagination: The property you buy in Turkey gives you the opportunity to choose which property you want to build with a design that suits you, as there is no room for creativity. If you have residential land, you can build villas, shopping centers and even restaurants in Turkey.
4. Several different uses: Buying land in Turkey means multiple uses as it is possible to cultivate the land when the soil is fertile and enter the world of agricultural investment. You can also use it to raise various animals. You can build a real estate project, such as an apartment, and then sell the apartment.

How can Foreigners Invest inLland in Turkey?

During the purchase phase, foreign investors should first apply to the Land Registry. During the application process, if the buyer or seller does not speak Turkish, an ID card, a document showing the current value of the property, a certified translation with the deed should be provided. In order for foreigners to enjoy the conditions of Turkish citizenship by investment, they must purchase land worth at least USD 400,000.

What conditions do foreigners need to pay attention to when buying land in Turkey?

1. The competent land registry should check, among other things, whether there are restrictions on the sale of property.
2. The total land area of ​​foreigners in Turkey cannot exceed 30 hectares.
3. Foreigners are not allowed to buy real estate in areas declared by Turkey as military zones. Therefore, before purchasing real estate, one should obtain a document from the military authorities stating that the area is not a military zone.
4. A residence permit is not required to buy land in Turkey.
5. In case of a dispute between the parties regarding the acquisition of real estate, the situation shall be referred to the judicial authorities and proceedings shall be filed in the courts of the Republic of Turkey.
6. If a land purchase application is rejected, an appeal can be lodged with the Regional Directorate of the Land Registry.
7. It is advised not to work with unknown experts and unreliable people or companies. As Property Superiors, we work with an experienced team to provide valuable experience, helping our clients reduce risk and save time. We offer each investor a tailor-made solution to maximize profits in real estate advice beyond investment advice.

Can Foreigners Acquire Turkish Citizenship by Buying Land?

nature! Foreigners can obtain Turkish citizenship by investment. Natural persons of foreign origin are entitled to acquire Turkish citizenship through a special procedure for purchasing real estate exceeding USD 400,000.

Foreigners:

• Real estate worth at least $400,000 should be purchased.
• Foreigners should indicate in the application that they purchased the property for this purpose. The title deed should state this purpose and the foreigner must declare in the declaration section of the form that they will not sell the property for three years.
• After completing the land registration procedures, foreigners can apply to the competent authority to claim the right of residence or citizenship with the qualification certificate issued by the owner.

Advantages of Turkish Land Investment

Excellent sales growth over time

Investing in real estate in Turkey offers a solid return on investment based on the attractiveness of Turkey's tourism industry, which is best expressed during tourist periods and seasons, as the demand for rental apartments in these seasons is dispersed throughout the year. The advantages of increased returns on real estate investment in Turkey, especially when real estate ownership in Turkey is long-term, meaning that the property increases in value over many years, thereby increasing capital.

Furthermore, investing in a country like Turkey is a safe investment, in addition to the fact that the demand for rentals in Turkey is high and constant, making the expected additional income from renting out properties a semi-fixed income.

Chances of Obtaining Turkish Citizenship

Turkey, being one of the best countries in the world for real estate investment, more importantly, has the opportunity to obtain Turkish citizenship by owning real estate worth 400,000 USD.

Especially for those from unstable countries, buying property in Turkey is considered a strong motivator, even if it comes with real estate growth. In other words, regardless of the circumstances, the demand for real estate in Turkey will continue.

The Turkish government is taking this matter very seriously, especially since a large group of investors were granted Turkish citizenship in as little as 90 days after the purchase process was completed. This procedure and other facilities of the Turkish government have encouraged many investors to make significant investments. Real estate ownership in Turkey allows them to earn a profit while obtaining citizenship.

Turkish government support for the real estate sector

One of the advantages of investing in real estate in Turkey is that the Turkish government has given special attention to the real estate industry through many real estate activities in recent years.

The most important activities in this regard are:

• Some real estate companies are trying to give up their stakes in full compliance with the president's orders.
• Advance payments for installments have been reduced and the interest rate has been reduced from 25% to 20%.
• Foreigners and expatriates are exempt from VAT when buying real estate.
• Foreigners and expatriates are exempt from VAT when buying real estate.
• Turkish law grants foreign investors the right to live in real estate for themselves, their wives and children, in exchange for purchasing a property in Turkey.
• On June 13, 2022, it was decided to grant the right to apply for Turkish citizenship to foreign investors who own real estate in Turkey worth USD 400,000.

Turkish Real Estate Market Full of Opportunities

The Turkish real estate market offers a wide range of opportunities and opportunities. This diversity is one of the main reasons why Turkish real estate is strong and diverse due to Turkey’s land abundance, urban nature and diverse climate. The reason for the increase in real estate investment opportunities in Turkey is the rising housing prices in Turkey due to constant foreign demand.

Affordable Real Estate Prices

Property prices in Turkey are described as much cheaper than in Europe, with infrastructure advantages close to the structure of developed European countries.

Turkey's real estate market is made up of a pleasant climate, a promising economy and a well-developed real estate market. Apart from the various attractions in Turkey, the many opportunities and incentives make investing in Turkey an inspiring one.

One of the most important factors is that it has many tourist and historical places that attract tourists from different countries all over the world, which makes investing and living in Turkey a viable and desirable option in every respect.

Tax Exemption for Foreign Investors

The Turkish government continues to provide necessary facilitation to foreign investors in order to increase the flow of foreign funds into the country. These facilitations include Turkey's exemption from VAT for foreign investors who are not residents of Turkey.

VAT in Turkey ranges from 1% to 18% on real estate sales. Thanks to this exemption, foreign investors can benefit from tax exemption in Turkey and save a lot of money when investing in Turkish real estate.

Where Can I Buy Land for Investment in Turkey?

Property Superiors has over 30 years of real estate experience delivering a strategic and personalized real estate experience. With our dedicated team of experts, you can invest to take your life in a new direction. With our fast and effective solutions and consulting services, you can use your precious time to add value to your investment.