How to make money in Turkey by investing in land plots
According to the...
People who decide to invest in land can make a big profit. Although any investor will tell you that this is one of the most difficult types of investments. And yet it is quite possible to double or even triple investments if you choose land as the object of their investment.
According to the DH portal, in order to successfully invest money in land plots in Turkey, several rules must be followed:
First, you must be aware of all the details regarding the land you are buying in order to be sure that you will be able to resell it profitably in the future.
Few people have such information. If you are buying land for the purpose of selling, then you need to become one of those who have studied this area inside and out.
Secondly, it is better to choose the area that you are familiar with for purchase. On someone else's land market, everything may look great and very promising, but in fact there will be some little thing that will escape you and spoil all plans in the future. In the market that you are familiar with, the probability of such force majeure is minimized.
Thirdly, it is not necessary to make a purchase on your own, as well as to search and evaluate an object alone. You need a team and you cannot do without the professional help of independent real estate market consultants and professional realtors.
Buy something that will sell well in the future. To do this, it is important to have information regarding prices and varieties of land plots that are in the greatest demand in your area. This can be very important, because in some areas, plots that are more expensive and have higher quality characteristics are valued, while in other areas, buyers look only at the price and prefer to buy something cheaper.
It is also worth remembering that it is not so easy to sell empty lands as those that already had an owner. It is important to know the rules of zoning, and each city may have its own rules. In the event that you buy a plot where there is no central water supply, sewerage and other communications, you need to find out all the details about the development plans of a particular area from the local authority.
Fourth, after you buy a plot of land, you will need to follow a few more simple rules that will help you earn good money. Hold the plot for yourself until the price of it rises so much that the profit from the sale becomes tangible.
At this time, you can rent a plot. Or, most advantageously, to build a residential or commercial facility on it, which can be sold in whole or in parts or rented out.
Quite often, on some websites and forums, you can find statements that it is very easy to buy real estate in Turkey without intermediaries and it will cost much cheaper than through real estate agencies. Is this really the...