5Upper IntermediateBusinessBusiness

Turkey's Housing Agency Launches Major Land Sale Across 45 Provinces

Turkey's state housing agency TOKİ is auctioning 353 land plots across 45 provinces with flexible payment options. Buyers can pay just 25% upfront and spread the rest over 48 months. This large-scale initiative targets both individual and corporate investors in the real estate sector.

1 min readLevel 5April 16, 2026

By Flalingo Editorial Team

Vocabulary

Study these words before reading the article. Click the audio button to hear pronunciation.

auction

/ˈɔːkʃən/

noun

A public sale where items are sold to the person who offers the highest price

“The company sold its old office building through a public auction last month.”

installment

/ɪnˈstɔːlmənt/

noun

One of several regular payments that you make over a period of time to pay for something

“She chose to pay for the car in monthly installments over three years.”

deposit

/dɪˈpɒzɪt/

noun

An amount of money paid in advance as a guarantee when buying or renting something

“The bank required a deposit before approving the property loan.”

eligible

/ˈelɪdʒəbl/

adjective

Having the right qualifications or meeting the conditions needed for something

“Only residents who are over 18 years old are eligible to apply for the program.”

stimulate

/ˈstɪmjʊleɪt/

verb

To encourage something to grow, develop, or become more active

“The government introduced tax cuts to stimulate economic growth in the region.”

initiative

/ɪˈnɪʃətɪv/

noun

A new plan or action designed to deal with a problem or achieve a goal

“The new green energy initiative aims to reduce the country's carbon emissions by 2030.”

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Article

Click on any underlined word to see its definition. Highlighted words are from the vocabulary section.

Turkey's Housing Development Administration, known as TOKİ, has announced a major land sale. The agency is offering 353 plots of land through public auctions. These plots are spread across 45 provinces throughout the country. The initiative is considered one of the largest real estate opportunities this year.

The total estimated value of the land exceeds 17.25 billion Turkish lira. The plots cover more than 4.2 million square meters in total area. Buyers can purchase land with a 25% down payment and a 48-month installment plan. Those who prefer to pay in full will receive a 15% discount.

The plots serve various purposes, including residential, commercial, and industrial use. Tourism, healthcare, agriculture, and education land is also available for investors. Auctions are being held in Ankara and Istanbul on April 16 and 17. Online participation is also permitted through the official auction platform.

Both individual and corporate investors are eligible to participate in the auction. Deposit requirements range from 10,000 to 10 million Turkish lira per plot. This initiative could stimulate the broader real estate market across Turkey. If investors responded positively, the program would likely expand in the future.

Comprehension Quiz

Test your understanding of the article with these multiple-choice questions.

1
What is the total estimated value of the land plots being sold?
2
What discount do buyers receive if they pay the full amount upfront?
3
How can investors participate in the auction if they cannot attend in person?
4
What is the maximum installment period offered to buyers?
5
Who is eligible to participate in the TOKİ land auction?

Discussion

Answer these comprehension questions about the article.

1
How many land plots is TOKİ offering for sale, and in how many provinces?
2
What payment options are available for buyers in this land auction?
3
What types of land use are included in the sale, according to the article?
4
Where are the physical auctions being held, and when do they take place?
5
Why might this initiative stimulate the broader real estate market in Turkey?

Further Discussion

Share your opinions on these open-ended questions.

1
If you had the opportunity to invest in land, would you prefer residential, commercial, or industrial plots? Why?
2
What are the risks and benefits of buying property through a government auction compared to the private market?
3
How would you assess the return on investment for buying land with a 48-month installment plan?
4
In your country, does the government play an active role in selling land to citizens? How does it compare to Turkey's approach?
5
If you were advising a small business owner, would you recommend investing in land during this sale? What factors would you consider?