Land for sale in Turkey remains one of the country’s quickest and most reliable forms of investment. This investment includes many industries, including real estate investment by property ownership, which is one of the best options for successful investment in Turkey. So the investment in land in Turkey also brings successful results. Investing in land is not the same as purchasing a house; it should be remembered, for example, in the case of a home, you can see possible issues by visiting this house, and buying a piece of land needs more detailed analysis. The following needs to be studied closely.
Investment of real estate in Turkey
Advice on real estate investment by land ownership
Choose a region that is not under construction, ready-made
Ensure the preservation of all land records
What do you need to do?
Take advantage of possibilities; for example, there are some lands without a building permit. You can obtain them over time, so take the chance and get it before granting construction permission because, at a later time, the land price will increase a lot. Find out if the land is allowed to be distributed upon purchase. Check the zoning status when a zoning permit exists.
Ask if there is a residential area, commercial area, workplace, or social service area. For example, you should not make the business centre a residential area or build a home in a commercial spot. Therefore know the specifics of the right to build on your land well. Examine the (geological) ground science, as others’ importance, will decrease, but the solid-nature lands are still immune to earthquake hazards.
Are there any problems with the plot of land?
Find out whether the land has an issue, such as a right to a mortgage, partnership, or public interest. As the roads pass through the upper or lower areas, get information on where the highways will pass in the future so that you can avoid those areas.
Land prices are still increasing in regions where major construction firms invest, and for this, you need to take the opportunity to buy in the same area because the return on investment is 100% guaranteed. Real estate investment in land guarantees you an outstanding return on investment in the near future when you have all the information.
Terms and laws of land ownership in Turkey for foreigners
Foreign individuals are expected to set up a project on agricultural land within two years. Otherwise, a license to own land is withheld from them to be advised to own agricultural land on behalf of a corporation.
Removing the “return” condition of the acquisition of real estate by foreigners. It has previously been debated whether or not the country to which the alien belongs permitted the Turks’ ownership in it.
Land Registry Law
The Land Registry Law specifies the plot size that a foreigner can possess in Turkey, and that decision depends on the state and the city. The foreigner is entitled to possess up to 30 hectares under the law, and the Ministerial Council is entitled to double that size if it considers it necessary.
Foreigners buying land in Turkey
Foreigners cannot own property in Turkey within closed military and security zones. They must seek written authorization from military units in that region if they wish to own property in areas outside Turkey.
Foreigners owning property can obtain a short-term residence period of one year. If the property is not sold, the residence shall be renewed for one year. According to Article 42 of the Law, whoever uses that residence for a continuous period of eight years without interruption shall obtain permanent residency.
The process of purchasing and selling real estate in Turkey must occur in the Department of Registration of Real Estate (Tapu). Any sale or purchase of real estate that does not take place in the Department of Registration of Real Estate is deemed to be legally void.