How Much Does It Cost to Buy Land Eligible for Turkish Citizenship Around the Istanbul Canal?
The Istanbul Canal is one of the largest real estate projects in Turkey, and it has become a major attraction for investors, especially those seeking Turkish citizenship through real estate investment. With the growing demand for land surrounding the project, it is important to understand the cost of purchasing land eligible for Turkish citizenship in this area.
Minimum Real Estate Investment for Turkish Citizenship
According to Turkish law, foreigners can obtain Turkish citizenship through a real estate investment worth at least 400,000 USD, provided that the property is not sold for three years. This includes purchasing buildable land within approved zoning plans.
Average Land Prices Around the Istanbul Canal
The cost of buying land eligible for Turkish citizenship around the Istanbul Canal depends on several factors, including the exact location, proximity to the canal, land type (agricultural or buildable), and the surrounding urban development.
Based on recent real estate reports, current prices are as follows:
200 – 600 USD per m² in emerging areas.
700 – 1,500 USD per m² in areas close to major development hubs.
Strategically located plots or those very close to the canal may exceed 2,000 USD per m².
Key Factors Affecting Land Prices
Several factors influence land prices around the Istanbul Canal, including:
Proximity to the canal: The closer the land is to the canal’s route, the higher its value.
Infrastructure and services: Areas experiencing rapid development in infrastructure and services are more expensive.
Land-use classification: Some plots are still registered as agricultural land, but once their zoning status is changed to residential or commercial, their prices rise sharply.
Best Areas to Buy Land Around the Istanbul Canal
Some of the most in-demand areas near the canal include:
Yenişehir (The New City): Located on both sides of the Istanbul Canal, designed with a modern architectural system, and home to large-scale projects and major investments.
Arnavutköy: One of the top areas attracting investors due to its direct proximity to the canal.
Başakşehir: A modern and thriving district with many large investment projects.
Is Buying Land Around the Istanbul Canal a Good Investment?
Property prices around the Istanbul Canal are expected to rise as the project progresses, making the purchase of land eligible for Turkish citizenship in this region an exceptional investment opportunity. However, it is essential to verify the legal status of the land before purchase and consult with real estate professionals to ensure compliance with Turkish citizenship requirements.
Go Smart Real Estate – A Pioneer in Istanbul Canal Investments
Go Smart Real Estate, a leading company specializing in buying, selling, and investing in land around the Istanbul Canal, offers investors exceptional opportunities to achieve high returns and long-term success.
With its experienced and specialized team, Go Smart provides expert consultations and tailored advice, answering all your questions to help you make the best investment decisions in Istanbul.
