Investing In Lands - Advantages
Investing In Lands - Advantages
Buying land is like owning a piece of the future.
Residential property demand is continuously growing in Turkey. In order to meet the requirement for producing real estate units, Turkish government produces lands for diffrent types of Investment. These plots has building permission and all urban necessities. The increase of the property prices effects also the land prices, which makes an investor available to acquire considerable revenue and benefit from high capital return.
This is the reason why more people are investing in lands today, it’s a key asset that can be sold or shared for future development gains. The best part is that the demand for land is ever-increasing, which is certainly a positive point for all those who are interested in investing in plots. Moreover, purchasing of plots is much easier when compared to buying residential property and has many advantages like :
1- It’s the most benefic asset because of constant increase in demand and limited supply, which makes sure the boosted profits.
2- Investment in land is a very simple and transparent process and is not as complicated as many other investments.
3- Leasing your land for allotment, tenant farming or parking lot is providing good incomes especially if the location is suitable.
4- Plots have better resale value than residential properties. Most of people interested in individual houses prefer to purchase land and construct their home depending on their unique taste, preferences and needs.
5- The cost of land is comparatively lower than residential properties and is affordable.
6- Property tax from plots is lower compared to residential properties, Not only that, but you also have no maintenance in this case.
Since plots are available in all sizes and in many locations. You can choose a plot that you like and can construct a home on it or you can invest in it after a few years when its value becomes higher.