TOKİ announces major land auctions across 46 Turkish provinces

The Housing Development Administration of Turkey (TOKİ) is launching a large-scale land auction program across 46 provinces. The sale includes approximately 383 plots of land, covering a total area of roughly 1.68 million square meters. The estimated total value of these properties is over 10.3 billion Turkish Liras. The plots are designated for various uses, including residential, commercial, tourism, industrial, agricultural, and logistics sectors. TOKİ is offering flexible payment terms, such as a 25 percent down payment with 48-month installments, while providing a 15 percent discount for full cash purchases. Auctions are scheduled for September 29-30, 2026, with options for physical attendance in Ankara and Istanbul or participation via the internet.

Separately, the Ministry of Trade has announced a delay in the mandatory implementation of the Safe Payment System for real estate transactions. Originally set for October 1, 2026, the system's mandatory start date has been rescheduled to December 1, 2026. This delay is intended to allow for the completion of technical infrastructure and integration processes between the General Directorate of Land Registry and Cadastre (TKGM) and various banks. The Safe Payment System aims to protect buyers and sellers from fraud and forgery by ensuring that the transfer of property ownership and the transfer of funds occur simultaneously in a secure, blocked account.