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Investing in land in Turkey Is investing in land in Turkey profitable?
Investing in land in Turkey is like any other investment, which entails risks. But despite the existence of these risks, the value of the capital invested in the land could double within a few years.

Investing in land in Turkey Is investing in land in Turkey profitable?

 

Investing in land in Turkey is like any other investment, which entails risks. But despite the existence of these risks, the value of the capital invested in the land could double within a few years.

 

When the investor decides that real estate investment in Turkey is his preferred type, and that it is the field of investment that he wants to engage in, he has many options. In most cases, the first option is to invest in buying an apartment in Turkey. However, after further study of the project, it becomes clear to the investor that investing in a piece of land is a much better option.

 

investment value:

There are many reasons why an investor should consider investing in a piece of land, rather than investing his money in buying an apartment. The capital invested in purchasing a plot of land is less than the capital needed to purchase an apartment. Where the investor can buy a small piece of land outside the city or in its suburbs, or in an area witnessing future growth. But the cost of buying an apartment is greater than the price of a piece of land in such areas.

 

After purchasing the plot of land, the land does not require many expenses. Where all the investor has to do is build a fence around the land, and pay a salary to a guard to guard the land. In the case of buying an apartment, there are many costs and expenses that the investor must pay, even before it is ready for housing. For example, maintenance and repair expenses and other expenses that must be included in the investor's plan before starting to invest in the apartment that he purchased.

 

In the case of investing in a piece of land, the entire area of the land maintains its value. In the case of houses, only the value of the land surrounding it maintains its value, while the value of the building is destroyed with the passage of time. In the case of apartments, the owner of the apartment owns only the apartment in which he lives and does not own the land on which the building is built.

 

In addition, one must pay attention to the issue of supply and demand when studying investment options and the comparison between the two options of investing in a piece of land or in an apartment. As the number of lands offered is slowly decreasing, due to the increasing investment in them, in order to build real estate and many other investments. Thus, the number of lands will be much less than the apartments that will be built on them in the future.

Investment risks:

Before investing in lands in Turkey, the investor should know the risks involved in this type of investment. As investment in the real estate sector always witnesses, like other investment sectors, periodic growth or stagnation. Whereas, if the market is in a state of stagnation, the rate of valuation or valuation of lands is not real. Despite this, the returns from investing in land are always higher and better than the returns from apartments, because there is a large supply of apartments in most cities.

 

The Earth is considered a fixed asset. As if the investor announces his desire to sell the land, he will not be able to find a buyer quickly, especially in times of recession. Also, the value of the capital required to purchase a piece of land is greater than the money needed to invest in mutual funds. Moreover, the land will not always provide the continuous returns to the investor, as is provided by the investment process in stocks or in mutual funds, in which the investor receives the dividends of the shares. Or in the case of investing in buying an apartment, where the investor gets returns from renting this apartment. In the event that the investor decides to leave the land as it is without establishing any kind of investment on it, the only profit that this land will provide is through the increase in the value of the land price in the future.

 

Perhaps one of the biggest risks with regard to investing in land is the possibility of encroachment on the land. Therefore, the investor should invest in land complexes, instead of investing in open lands. He must also build a wall around the land, and appoint a guard to guard it.

 

The investor must ensure that there are no legal disputes about the land to be purchased, or about its ownership. This is in order for the investor to stay away from the judicial disputes that may arise over the land. And in the event that the investor wants to buy agricultural land, he must appoint a skilled lawyer in order to examine the papers of the land and its ownership for a previous period of time that may reach a few decades, before he buys the land.

 

There may also be risks that the government will expropriate the land in order to establish infrastructure and other projects.

 

Despite these risks, the returns from investing in land in Turkey are great. However, the investor must have studied the project in all its aspects, or used professional expertise to help him ensure the success of this investment. As the purchase of lands on the outskirts of Turkish cities may guarantee the investor doubling his capital within a period of a few years, thanks to the rapid expansion and expansion of cities.

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