Agricultural and residential property are two of Turkey's most popular real estate assets. Because of its unique geographical location between the continents of Europe and Asia, agriculture is widely practiced in Turkey. This one-of-a-kind location features large agricultural grounds with excellent soil and plentiful water, as well as a climate that is ideal for growing a variety of vegetables and fruits. The availability of highly skilled people and competitive remuneration, as well as the simplicity with which agricultural commodities are managed and the regulations controlling investment in this field, have all benefitted the sector at all levels.
The cost of unoccupied and uncultivated land starts at $1.5 per meter, while the cost of cultivated land can go up to $20 or more per meter, depending on the location and specifications. However, it is a sector that is continually changing.
Agricultural land prices in Turkey fluctuate a lot since Turkish agricultural property is seen to be the safest and most profitable investment. Prices vary by province and area, as well as other factors such as land quality, availability to water sources such as lakes or rivers, proximity to or distance from major cities, and other considerations.
Land prices constantly grow in value. This year, building plots have climbed in price by 21% on average across the country, farming plots by 25%, and industrial plots by a whopping 50%. The average price per square meter in Istanbul increased by 54% over the previous year, reaching 921 TL, according to the conclusions of a study on land price growth rates in Turkey. Residential land in Antalya province has climbed in price by 23% this year, with the average cost per square meter reaching 546 TL. The highest rates of increase in farmland prices were in Antalya (27% year on year) and Izmir (24% year on year). Land values are expected to rise during the coming year, according to analysts.
For detailed information and assistance in buying farmland in Turkey, you can reach Trem Global at +90 212 271 7575. And with our assistance and years of experience in international investment, you may easily purchase agricultural or residential land in Turkey.