Is Buying Land in Istanbul a Good Investment ?
Is buying land in Istanbul a good investment ? For a profitable investment buying land is an intelligent investment instrument that is most widely used by investors. An investment made in real estate right at the right time can provide a great return in medium and long term. One of the ones that will give you the most profit from these investments is the purchase of land investments.
In order to be able to earn short-term gains from land investments, you should have a solid knowledge of zoning status by closely following open areas. New residential areas, hospitals, schools, shopping centers and similar buildings planned to be built close to the route also increase the value of the neighboring areas in the short and middle valleys.As an Istanbul Real Estate company we are recommending to our investors for land investment in Istanbul new International Istanbul Airport area Catalca, Silivri and Arnavutkoy district
Buying land always earns in the long run
Especially if you are complaining about the fact that real estate is seen as a good investment objective in the recent period and housing prices are rising , you can evaluate the investment opportunity as soon as possible. But you should not ignore that investing in land is not like buying a house. Because you can see the probable problems by visiting the municipality or you can investigate the problems related to zoning by the municipality and the land registry and cadastral directorate. Buying land requires more detailed research. It should not be forgotten that the house will bring rent, but there is no return of the land; you must also give tax on it. Main question here how much land cost in Istanbul Turkey? Please follow our Istanbul Property articles or blog for detailed answer
If you want to sell the land you must make profits in real terms
When purchasing land, firstly it should be learned whether or not the building permission is granted. If construction permission is granted, the reconstruction status of the building should be examined. It should be questioned whether it is a residence, a commercial area, a place of work or a social service area. It should also be learned how much the right to construct a building is possible and the ground survey should be studied. Whether there is a problem with the property, such as mortgage, annotation, foreclosure, right of use for private person, company or public entity, should be investigated.
The land to be purchased from a non-infrastructure site is a very long-term investment. It is important to have knowledge of where the path will pass. The roads either pass through the top or bottom floors. Land, if you want to sell the profit in real terms. The first and most important rule for this is to be able to buy a land investment under its value.
The important thing is winning
The first thought of every investor should be to ensure that his current accumulation in hand is in the face of inflation. However, if the profit rate obtained from the sale of land at the end of the target period is above the inflation rate in the last period, a successful investment is accepted. In order to obtain such a value increase, the expected value increase of the immovable that is considered for investment should be calculated.
In addition to this, it is possible to obtain short-term value increase by land investment which will be realized below the real market day of investment.