The Legal Landscape of Safe Land Investment in Turkey
Investment in residential properties may seem dull, however it is safe and eventually it delivers. Commercial investment costs more but its steady income generation is attractive. When it comes to safe land investment in Turkey though, nothing beats it especially if you know what you are doing. In this article let us look at the legal basis of investing in land and you can check our wide range investment options from under $10.000 up to over $2.000.000.
Understanding the Basics
– The Turkish legal framework of safe land investment in Turkey for foreign citizens has some protection from a national perspective. However this drives buyers to act on their purchase and make their investment dynamic, so it is actually very good in terms of returns.
– Different types of land ownership in Turkey:
When you are buying a zoned land plot, you need to start a project (residential-commercial etc.) and in 2 years from the land’s purchase the construction has to begin.
If you are buying an agricultural land, in the two years from its purchase you need to register as a farmer (literally) and start agricultural production of any kind.
– Regulations surrounding land usage and development may seem complicated, however with MARE Investment’s Dynamic Investment schemes, you can manage all your lands with just a POA. An important note is, the two years period is an initiator, once you meet the requirements the land is yours forever.
Say you did not have the chance to start your project in the next 24 months, you may still sell it before the due date an gain the profits available.
Key Legal Considerations
– Due diligence: Examining land titles, zoning regulations, and potential legal disputes. We handle everything for you and professionally however due diligence is usually necessary for large scale purchases involving part-exchange deals. MARE Investment will provide you with all legal security you need.
– The role of a lawyer, agent and notary in property transactions. As you will be buying the property in your name and directly, lawyers, notary offices may be required, however for purchases smaller than $200.000 you could save from the legal cost.
– Legal implications of purchasing land from developers or individuals. Purchasing land from an entity or a person has almost no difference, because the final office is the Registrar’s and the seller can be an individual or the company’s representative.
Navigating the Market for Safe Land Investment in Turkey
– The current state of the Turkish real estate market: trends and opportunities are great in Mersin after the opening of the Cukurova International Airport and the extension of the Mersin-Antalya Motorway. Second section of the motorway will be from Cesmeli and Kizkalesi and the 35 km range will rise up the land values, so making a safe investment in land in Mersin is a no brainer.
– Popular areas for land investment are Narlikuyu, Kizkalesi, Ozturkmenli, Batisandal, Limonlu and Anamur, for more please read our blog.
– Once you have found us, you will see the most reliable agency in Mersin. With our comprehensive tours and communications you will get more informed about safe land investment in Turkey.