How much does farmland cost in Turkey?
Agricultural and residential land investment is regarded as one of Turkey's top real estate investments. Because of Turkey's unique geographical location between the continents of Europe and Asia, agriculture is prevalent. This unique location offers wide agricultural areas with good soil and plenty of water, as well as a climate that is ideal for growing a variety of vegetables and fruits. With the availability of highly skilled personnel and competitive wages, as well as the simplicity with which agricultural goods are managed and the regulations controlling investment in this area, the industry has been facilitated at all stages.
Prices of agricultural land in Turkey vary since the investment return on Turkish agricultural property is believed to be the safest and most rewarding. Prices differ by province and location, depending on other criteria such as land quality, accessibility to water supplies like lakes or rivers, closeness to or distance from metropolitan centers, and other factors.
According to some experts, the price of vacant and uncultivated property starts at $1.5 per meter, while cultivated land goes up to $20 or more depending on the location and specifications. But it is a constantly fluctuating sector.
The value of land parcels is steadily increasing. Building plots have increased in price by 21 percent on average across the country this year, farming plots by 25 percent, and industrial plots by a record 50 percent. According to the findings of an investigation of land price growth rates in Turkey, the average price per square meter in Istanbul climbed by 54% over the previous year, reaching 921 TL. Residential land has increased in price by 23% in Antalya province this year, with the average cost per square meter reaching 546 TL. Antalya (27 percent year-on-year increase) and Izmir (24 percent year-on-year growth) had the greatest rates of rising farmland prices (26 percent ). Analysts forecast that land values will continue to grow over the next year.