One of Turkey's most popular real estate investments is agricultural and residential property. Agriculture is widespread in Turkey due to its unique geographical location between the continents of Europe and Asia. This one-of-a-kind site boasts vast agricultural lands with rich soil and an abundance of water, as well as a climate that is suitable for producing a wide range of vegetables and fruits. The sector has been aided at all levels by the availability of highly qualified staff and competitive pay, as well as the ease with which agricultural commodities are managed and the legislation governing investment in this field.
In 2019, foreign purchasers purchased more than 45,000 Turkish homes across the nation, an increase of 15% from the previous year. Iraqis were the most common buyers, followed by Iranians, Russians, Saudis, and Afghans, all of whom bought houses or got citizenship via investment.
Istanbul was the most popular destination for international purchasers last year, with 20,857 property transactions. Antalya was in the second position, with around 9,000 homes sold to foreign purchasers. Ankara came in third with 2,539 completed transactions, while Bursa came in fourth with 2,213 total sales.
Property near the Turkish Mediterranean coast, particularly in the Muğla area (which includes Fethiye and Bodrum) and Antalya, is preferred by British purchasers (Antalya City, Kas, Belek, and Side). These locations originated as vacation hotspots, but they now have a sizable ex-pat community from the United Kingdom and other parts of Europe. International airports serve all of these places, making it easy to return home.
When it comes to how much land you can own, most foreign buyers are entitled to own up the 30 hectares of property, so long as it’s not within a zone decreed to be a military. Foreign buyers are also restricted as to the size of land they can buy: it must not be greater than 10% of the town’s total land area.
When new purchasers purchase a residence worth at least $400,000, they are also eligible for Turkish citizenship via investment. Thousands of overseas purchasers have taken advantage of this chance, although it is only likely to last a short time.
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 immigration and international investment, you may easily purchase agricultural or residential land in Turkey.