ONE of the safest and long term means of investment is in real estate, and particularly in land. While a house can bring many benefits and profits, the most income yielding is the ground that we walk on. Your land never wears out, it need not have any costly repairs, maintenance fees, and does not lose value.
If you have a portfolio of rental properties, you will see some of your profit inevitably gobbled up by costly maintainenance issues in order to keep the property up to spec for potential clients.
However, if you buy land in the right area, at the right time and at the right price, there is no issue of wear and tear and you will benefit increasing returns.
WE have a vast array of land for all kinds of projects for tourism and commercial schemes to simply building your dream villa in the sun.
Why is land the safest investment
EVEN though the rate of returns may vary in bank interest, gold, foreign currency and other real estates, land yields the highest return even in times of financial crisis. Some examples are shown here below:
Year 2002, price 5,000 TL – Year 2009, price 45,000 TL
ONE of the fast developing parts of Didim, Yeşiltepe offered land opportunities as low as 5,000 TL in 2002. Now the same land is worth 45,000 TL!
According to this data, the land has had a return of 900% over a period of seven years. Look at the comparable investments:
House or apartment: Year 2002, cost 27,000 TL. Year 2009, cost 55,000 – Return: XXXX
US Dollars: Year 2002, exchange rate 1.440 TL. Year 2009, exchange rate 1.667 TL – Return: XXXXX
Euro: Year 2002, exchange rate 1.303 TL. Year 2009, exchange rate 2.156 TL – Return: XXXX
Gold: Year 2002, price xxx. Year 2009, price 82 TL – Return:
If you had invested in a bank, your 50,000 TL would be 120,000 TL with inflation taken into account. The above table proves that land is the best income yielding investment.
Graduation or wedding present for your child
BUYING land in Turkey, one of the fastest developing countries, does not cost as much as you think. In Didim, a popular tourism centre, plots suitable for building villas start from as little as 7,000 TL.
Whilst this region offers land at the prices in Spain 30 years ago, it is developing fast and more areas are being opened for construction, gaining value.
Before your child finishes college or before the newly-weds have their first baby, they can acquire an important investment through strong means.
