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Investment in agricultural land precedes  real estate investment

Investment in agricultural land precedes real estate investment

February 11, 2023

Turkey has a unique geographical location that has given it diverse and rich climatic conditions, fertile lands and vast areas that extend along the length and breadth of the country.

Because of all of the above, in addition to the heavy rainfall in most of its states and the presence of fresh water, whether through rivers, springs, groundwater and fertile arable land, Turkey has occupied a global position in agricultural production and has become among the top ten countries in the world in this field, namely agriculture and agricultural production .

There is no doubt that this production is multiple and diverse and is not limited to a specific product, as we mentioned because of its extension over large areas where products vary according to the climate in the state.

Some city such as Konya are famous for the production of wheat, others such as Gaziantep are famous for the production of Gaziantep pistachios or what is known in the Arab world as pistachios, and some states such as Bursa are famous for the production of berries and olives ... The detail goes on and the explanation is not intendedaccordingly .

From all that we have mentioned, we conclude that investment in the agricultural field is no less important than investment in the real estate field, but that investment in the agricultural field is a fierce competitor to real estate investment and may precede it in many advantages that qualify it for this.

The Turkish state attaches great importance to investment in the agricultural field and works to encourage it for several reasons, the most important of which is the self-sufficiency of the state and global economic competition in this field, in addition to providing job opportunities and eliminating unemployment.

There are specific conditions in case the foreigner wants to buy agricultural land for the purpose of notinvesting and each municipality is different from the other in this area and therefore the investor should check with the municipality to identify the conditions imposed by it before starting the purchase process and in this context we note the importance of the presence of the real estate guide who of course will be aware and familiar with all the necessary conditions for this and will be able to touch theinvestor's kit and save his time and effort.

These general conditions determined by Turkey include:

The investor must buy land of at least 1000square meters

There should be a founding company for the project

The company should submit a prior study of its agricultural project

In addition to the above, the Turkish state grants rewarding support to these projects. This encourages investors to engage in this area.

The investor should know in advance that investing in fertile agricultural land allocated for agriculture does not give you the right to build on it, as the state does not allow the construction of buildings on fertile agricultural land, but grants it on barren land on which the investor can buildand reclaim for agriculture.

One of the advantages of buying and investing in agricultural and rural land or the outskirts of major cities is that agricultural real estate is low in price compared to real estate in the center of cities and their centers, in addition to the fact that the investor ensures that he invests in a place the older it gets, the higher its price as our ancestors say (such as ancient gold, the more it presents a glow).

With the obsolescence of days, it is possible that these lands will join the organizational plan of the city and thus increase their price, and even if the state takes over them, the investor will receive rewarding compensation. Unlike real estate investment for buildings, allthat has increased their age is exposed to the factors of time and the investor becomes obliged to repair, cladding and restoring them in order to be fit for use, supply, sale and purchase.

In conclusion, we believe that the presence of the real estate guide contributes significantly to facilitating the purchase process and obtaining satisfactory results for the investor in the shortest time and least effort.