Land plots in Istanbul

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Land plots in Istanbul

Land in Istanbul, Turkey may also be sold to foreigners, albeit with a few caveats. Just as any other country, you should first determine what you need the land for – whether you want to buy land in Istanbul for construction, commercial activity, or agriculture. Other options include subsequent reselling or leasing. The location should be chosen depending on the intended use, as property in Istanbul is divided into lands designated for construction, agriculture, and public use. The latter, however, are not for sale.

Land plots for sale in Istanbul

There aren’t many plots on offer here, as the Turkish construction companies are always keen to buy development land in Istanbul. You can, however, find listings in different districts of the city, including Downtown. It’s preferable to choose an area of the corresponding purpose, as converting land from one category to another is theoretically possible but requires additional time and expenses. By the way, land on the coast of the Black Sea may not be sold to citizens of certain foreign countries.

  • A plot in Çatalca with an impressive area of 3 ha is located on the slope of a low hill. The height differential between the edges of this 400-metre strip of land is about 50 metres. The neighbouring plots are mostly agricultural but nothing prevents the future owner from building residences or other types of property here. There are roads near the opposite sides of the plot, providing great transport accessibility.
  • A 3,700 m² plot in Silivri was originally designated as development land for sale in Istanbul, where up to 7 houses could be built. The Sea of Marmara is only 300 metres away, so a long-term project with high-end villas is a great option for this resort district. It should be taken into account that plots within walking distance of the sea are rare in the local real estate market.
  • Buyers are sometimes able to find land amid dense development. A 1,390 m² plot in the waterfront district of Büyükçekmece is situated right in the heart of a residential neighbourhood. With such a location, it can be used for either residential or commercial development. Buildings with a total floor area of up to 2,000 m2 are allowed. The sea view and great transport accessibility guarantee success for almost any project in this location. Büyükçekmece is famous as a district where the value of all types of properties increases continuously.

Cost of land plots in Istanbul

The value of land depends more on its location than on the area or designated use. Proximity to the sea increases the price substantially. Land prices in Istanbul are constantly on the rise but depend largely on the district. If there are roads, shops, schools, and other facilities nearby, as well as average-density development around, you can consider various land use options. If you are purchasing agricultural land, you will need to incorporate a legal entity in Turkey.

  • The value of land in Çatalca has been increasing rapidly over the past years. Purchasing a large plot of 31,000 m² for $290,000 can be a good investment in land in Istanbul. These areas are mostly used by farmers, but there’s nothing preventing you from building a residence here.
  • A 1,390 m² plot in the waterfront Büyükçekmece district costs approx. $298,000. Its price is driven by the location - amid a residential neighbourhood and the seacoast only 1.2 km away. Nevertheless, the owner may save on laying the utilities and receive a considerably higher income in the future.
  • A plot of 3,720 m² in Silivri, near the sea, sells for $540,000. The high value is due to the proximity to local beaches. If the future owner doesn’t want to build townhouses or villas in Istanbul, they may simply monitor the market and resell their property later at a profit.

The pricing trends in the Turkish real estate market are such that purchasing land for subsequent resale is also a decent investment.

Land in Istanbul for investment

All the impending expenses needs to be carefully calculated before you buy land in Istanbul for investment and construction. Purchasing a plot for subsequent development entails a major investment in the construction and maintenance of the residential or commercial property. Investment in agriculture is also a long and expensive process. The long payback period and considerable investment value require careful planning. Construction companies in Istanbul are skilled in evaluating such projects, so there are relatively few land plot listings in this city. With a prime location and timely purchase, the buyer can resell it in the future and make a profit. Such an enterprise will require a careful assessment of investment prospects with a reliable agency.

Buy land in Istanbul

We will gladly help you to purchase a land plot in Istanbul quickly and hassle-free. Please view prices in euros and dollars and contact our experts to discuss your eligibility for a Turkish residence permit and citizenship when buying land. Feel free to text us via online chat or fill in a request on the website to choose the right property in Turkey.