The foreigners who bought decare of 3 thousand 909 land. They make productions by benefiting from agricultural support.
Turkey takes place on the top in agriculture among European countries and it comes seventh all over the world. That increases the foreigner investors’ eagerness. In the last years, 104 foreigners from 26 countries made investments by buying decare of 2 thousand 349. Then interest increased after the support which was given by the government. 164 foreigners from 32 countries has became the new owners of 3 thousand 909 since the law, which allows to buy agricultural land by foreigners, entered into force in 2012.
Buying housing reflects on agriculture
Foreigners’ race of buying houses in Turkey reflects on agricultural land. 13 foreigners bought decare of 413 land as from the end of 2017. This number increases to 14 foreigners in the last year and decare of 1 thousand 221. On the other hand, when agriculltural land was sold in 16 cities, the lands, whose the owners do not keep their project, was cancelled. In this direction, liquidation process was made for 53 foreigners of the agricultural land decare of 687. The ones ,who want to buy agricultural land in our country, need to meet some criterias. The foreigners can buy land to 30 hectare providing that not to exceed to 10 percent of the lands which personal property on the basis of district. But, Ministry of Agriculture and Forestry’s the judgement of “Appropriate” plays a critical role. The ones, who want to buy land, need to offer agricultural project to the ministry during two years. In the case of not actualising the project which is approved by the ministry and misusing, the land is sold off by Minister of Treasury and Finance.
The Arabs are in the first place
On the other hand, Muğla, Nevşehir, İstanbul, Çanakkale, Bursa, Burdur, Bolu, Bilecik, Ankara, Antalya, Aydın, Sakarya, Trabzon, Yalova and Yozgat are among the cities which foreigners buy lands. When it is examined the country profiles of the ones who buy land, Gulf Countries, such as; Qatar, Kuwait, Saudi Arabia and Bahrain are in the first place.
Chief editor of Invest Guide Turkey. Graduated from the Business Administration programme on 2014 and works as a journalist in the field of Foreign Investments in Turkey for 5 years.