People’s desire to be close to earth and nature post-pandemic has directed both producers and foreign investors to lands that will meet this new demand. Investors from many countries, from Arabs to Germans and Iranians, lined up to invest in land from Yalova to Antalya, from Çanakkale to Kırklareli. Hakan Erilkun, General Manager of Uparazzi Land Real Property Investment Expertise, emphasizes that foreigners should develop projects on the land they will purchase within two years
After the Covid-19 epidemic, apart from low-rise houses with gardens and a balcony becoming attractive, the desire of people to be close to earth and nature increased land investment demands. At this point, one of the important investment alternatives in real estate has been “land investment” for residences to be shaped according to new demands. Local and foreign investors took action for the production of land with a size of 200-400 square meters in the city periphery for the production of such houses. On the other hand, Turkey has become attractive for foreign investors in terms of land for agriculture, industry and logistics production.
Uparazzi, which has been reporting to purchasers about the value of their land that year and the developments in the region for 3 years, is the first and only corporate brand to serve in the field of land-real property with its service constitution. Uparazzi Chairman of the Board, Hakan Erilkun, told Explore Turkish Realty about his tips on land investment.
It is advantageous to look at areas with a plantation qualification and close to development
First of all, Erilkun stated that foreigners should not forget that they have to develop projects in the land they will purchase within two years, otherwise the state has the right to purchase it back. Stating that in Turkey, where the rate of construction is very high, when land obtains the status of real property it provides a return comparable to a fortune, Erilkun said, “Since the land’s property quality (its quality of constructability) will increase if it is in or on the border of the adjacent area of development regions or near zoned points, the price increase rate in such places is much higher. For this reason, while investing in land, proximity to the adjacent area gains importance if it is outside village borders in places that have property quality. “The value of the land is determined by its location, surface area, the quality and shape of the land.”
Arabs and Iranians are the ones who make the greatest investment in land
According to the information given by Erilkun, Arabs and Iranians were the ones who made the most intense land demands among foreign investors in this period. There are two reasons for this; in particular, since the importance of oil revenues may decrease in the future, resources are directed to projects to be produced on soil. In addition, due to the global economic tightness, all investments are directed to large-scale lands and real properties where project production can be made at strategically important points. For this reason, the first preference of Arabs is Yalova and Gebze. While the first choice of German investors is Antalya and its surroundings, it is seen that Arab investors purchase land in and around Kanal Istanbul, especially around Şamlar, Kayabaşı and Sazlıbosna.
Which cities are the most in-demand for foreign investors?
While Yalova, Bursa, Antalya and Aydın are foreign investors’ focus of attention in land investment, it is seen that there have been very intense foreign sales in Çanakkale and Kırklareli regions recently. Land sales are made fast in Lapseki, Biga and Karabiga regions, especially since the Çanakkale Bridge will be opened in 2022 and large-scale public investments are shifted to this strategically important region. Another feature of Çanakkale is that it is close to Istanbul and has lands suitable for logistics investments due to its connection to Thrace. Land prices in the areas close to the bridge of this region, where many landowners will be revived with the announcement of the zoning plans, have increased by 400% since the pandemic period.
The greatest increase in value in land is in Çanakkale and Kırklareli!
The interest of local investors as well as foreign investors in Çanakkale is intense. Even 1 acre of land in the villages are sold for incredible prices, as it is the first choice of those who dream of buying a small plot of their own and building a prefabricated house due to its nature and proximity to Istanbul. Kırklareli, on the other hand, is the first choice of those who want to find large land, as it is a virgin region whose value is yet to be discovered. Kırklareli, which can be considered as a near urban area since it is 1.5 hours away from Istanbul, attracts great attention because it is possible to carry out construction on lands with the special permission of the province – without being bound by public procedures.