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Buy Land for Investment in Turkey

9.10.2012

Turkey is a fast developing country that is abundant in property related investment opening. The country has an incredibly young population which attracts local necessity for real estate. Turkey has a growing foreign direct investment at high levels driving demand for profitable space. Increasing local property purchasing ability as well making opportunity for development when it comes to pricing of a real estate. In addition, Turkey has a growing tourism industry with practically vast opportunity for further development showing that there is a necessity for brief rental property and holiday houses for sale. Moreover, Turkey is politically aligning itself with both western and eastern governments showing that they would someday turn into among the most strategically leading countries throughout the world.

Turkey Needs More Building Lands to Produce Residential Property

When it comes to local demand, an investor could go into the real estate industry only concentrating on this intended group. Almost half of the total population of Turkey is under 25 years of age, most of them are in İstanbul, Antalya, Adana, Bursa, Konya, İzmir and Ankara. Real estate in the mentioned cities is scarce but there is an emerging property investment. Property demand creates employment opportunities that generate further inward immigration from the countryside of people who are in search of a job. This is an ultimate setting for an investors who looks lands for sale. Residential property demand is continuously growing. In order to meet the requirement for producing real estate units, Turkish government produces new building grounds for sale. Municipalities of above mentioned cities produces lands for apartments and land for houses. These plots has building permission and all urban necessities. The prices of the lands with building permission is low nowadays. Increase of the property prices effects also the land prices. An investor who purchases into the residential real estate could acquire considerable revenue and benefit from high capital return.

It is Time to Buy Land in Turkey

As mentioned, FDI is substantially emerging into Turkey as its government has made everything in order to draw the foreign direct investment. Nowhere is the proof of foreign direct investment more apparent that in the real estate industry. Substantial investment is from the Middle East and Europe into vast commercial and residential developments creating job opportunities and strengthening the economy. Furthermore, the foreign direct investment is sustaining the tourism and travel industry which is under-financed by the Turkish government and which previously has significantly depended on its private sector. Investors know that the enormous size of the country. Geographic and cultural diversity indicates that Turkey can substantially develop its tourism industry. At present, Turkey just has a holiday industry but attempts are prepared to make Turkey a business travel location.

Tourism numbers are annually increasing. A lot of these tourists are also purchasing real estates beside the coast of Turkey. Property sales to foreigners creates a meaningful industry for a plot investor to consider from temporary high return investments to the production of real estates.

The last factor driving the demand of real estate in Turkey as an investment product is the reality that Turkey is politically developing further international relations. Also, Turkey is drawing near to become a European Union member and the government of Turkey has continued to do everything they can in order to align decisions and policies with countries which are acceptable to the European Union. If they eventually become an EU member, then inward investment will certainly further increase. For these reasons, it is a good time to purchase a ground as investment in Turkey .

Author: Bayram Tekce

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