Land prices in Istanbul

Istanbul has become a favorite destination for many investors and families looking for luxury and enjoying a beautiful life in Turkey, and among the important things that concern these investors and families are the land prices in Istanbul and it is the main element in real estate investment, so today in this article we will talk about land prices in Istanbul and how anyone can invest in them in a successful and profitable way, so continue reading to learn more information that will help you when investing in this majestic city.

Factors affecting land prices in Istanbul

1. Areas with a privileged location and proximity to tourist attractions and vital services are witnessing greater demand, and thus the price of land in those areas increases.
2. Areas that witness significant urban development and improvements in infrastructure, such as roads, transportation, and public utilities, often witness an increase in land prices.
3. Land supply and demand play an important role in determining prices and if there is a high demand for land in a particular area, it is likely to see an increase in prices.
4. Government investments in developing areas and improving infrastructure may significantly affect land prices in those areas.
5. Some global factors such as foreign investment and economic policies.
6. The classification of land and its permitted use (residential, commercial, industrial) also affects the value of the land and therefore its prices.

Types of lands in Istanbul and their features

Let's get to know the types of land in Istanbul

Residential lands

1. Residential lands in Istanbul are distributed in prime locations and close to basic services such as schools, hospitals, and commercial centers, providing comfort and easy access to all daily life needs.
2. There is a wide variety of residential lands in Istanbul of various sizes and styles, ranging from luxury apartments and villas to integrated residential complexes.
3. It has a developed infrastructure and modern facilities such as paved roads, efficient public transportation, and advanced electrical, water and sanitation networks.
4. It is available in many social and recreational facilities such as: parks, gardens, sports centers, playgrounds, restaurants and cafes.

Farmland

1. Istanbul is characterized by the diversity of agricultural soils, where fertile soil is rich in nutrients necessary for plant growth and this creates a favorable environment for cultivation and facilitates the achievement of rich and diversified agricultural crops.
2. It enjoys a temperate climate, where the temperature is mild and the summers are hot and this climate promotes plant growth and helps to achieve successful crops.
3. The city is characterized by the availability of abundant water resources, such as rivers, lakes, and groundwater and this contributes to providing the necessary water for irrigation and watering, and contributes to increasing the productivity of agricultural lands.
4. Agriculture in Istanbul enjoys strong government support, as the government provides many programs and initiatives to encourage investment in agriculture and enhance the productivity of agricultural land
5. Agricultural land in Istanbul is an opportunity for long-term investment, as sustainable agricultural projects can be developed and a sustainable financial return can be achieved in the long term.

Commercial lands

1. This type of land is located in vital and central strategic locations, ensuring continuous availability of customers and visitors, located near large residential neighborhoods and main commercial areas, which enhances accessibility and attracts customers.
2. Commercial lands are available in large and varied areas, allowing for the construction of large and diverse commercial complexes, with developed infrastructure and necessary services such as electricity, water and communications, which facilitates the establishment of business.
3. It is witnessing a high demand by companies and investors, due to the strong economic activity in the city and the large market size, which increases the chances of success and financial return for commercial projects.
4. The city attracts many international companies and brands and commercial lands in Istanbul can be an opportunity to establish and expand business and trade products and services on a global level.

Industrial lands

1. Buying industrial lands in Istanbul gives investors the opportunity to benefit from economic growth and develop successful industrial projects.
2. It enjoys a privileged strategic location between the European and Asian continents, and is a meeting point for global trade.
3. Easy access to global markets and expanding trade and export.
4. The Turkish government offers a package of incentive measures and facilities for industrial companies, such as: tax exemptions, reductions in energy costs, and financial support.

Conditions for foreign ownership of lands in Istanbul

1. The person wishing to own land in Turkey must not be one of the nationalities that are prohibited from owning real estate according to Turkish laws.
2. The area of ​​a single land or group of real estate areas owned by a foreigner should not exceed thirty hectares.
3. The land area owned by the foreigner must not exceed 10% of the area of ​​the municipality in which that land is located.
4. Obtaining security and military approval from the relevant government agencies located in the area to which the land belongs and it may take a period of time ranging from a week to a month to obtain these approvals.
5. Extracting the real estate appraisal document that determines the real value of the land and contributes to determining the price of the land.
6. There should not be any forgery in the official documents related to land ownership in Turkey.

How to buy land in Istanbul?

1. Work with a trusted local real estate company who can help you find suitable land and arrange legal transactions related to the purchase.
2. Determine the amount you can afford to pay and make sure it covers the price of the land and any additional costs such as legal fees and taxes.
3. Before making any final decision, do a legal examination of the desired land, check the ownership record and make sure that the land does not bear any forgery or other legal problems.
4. After choosing the land and reaching an agreement on the price and terms, you will need to go through the legal steps to complete the deal and these steps include preparing and signing the purchase contract, paying the required fees and taxes, and registering the land in your name.

Common questions

Are there differences in land prices between European and Asian neighborhoods in Istanbul?

Yes, there are differences in land prices between European and Asian neighborhoods in Istanbul and in general, European neighborhoods are more expensive due to real estate developments and the high demand for real estate in these areas.

Can an increase in land prices be expected in the future?

Land prices are expected to continue to rise in Istanbul due to the high demand and ongoing real estate developments.

What are the most expensive areas in Istanbul?

Areas such as Beylikduzu, Besiktas and Sariyer are the most expensive areas in Istanbul.

The idea of ​​buying real estate in Turkeyhas become popular among those interested in obtaining an ideal opportunity for housing or investment and take advantage of the appropriate real estate investment options in Istanbul to obtain a high return by communicating with our real estate consultants.

Do not forget that investing in real estate in Turkeyis only a way to gain Turkish citizenship or real estate residencepermit that allows you to stay in the country legally and then acquire many of the privileges that a Turkish citizen gets.

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