The earthquake in Turkey made investors reconsider the mechanism of real estate investment in Turkey and ways to protect it and achieve success in it, and therefore in this article we wanted to talk about which is better? Investing in land or real estate and why?
Investing through buying real estate
First and foremost, the first thing is to determine which of the two is better? Investing in land or real estate? It is your goal as an investor, and our mission as a real estate investment company is to advise and present the options available to you as an investor to reach the outcome that satisfies you.
So what are the advantages and disadvantages of buying a real estate in Turkey?
Advantages
- Buying a real estate in Turkey saves you time and effort in design and construction.
- If you are looking for a house to live in, of course, apartments are your best option and there are many apartments in luxury apartment complexes that contain all the services you may need.
- You can take advantage of the real estate and get a fixed monthly amount of payment by renting it.
- You can buy an apartment through convenient installments where there are many options available.
- The prices of ready-made apartments in Turkey are cheaper than the price of buying land for the purpose of building on it.
Disadvantages
- Buying an apartment, office or other pre-built real estate exposes you to the possibility of a flaw or defect in the construction or utilities installations and therefore additional repair costs.
- If the apartment is within an apartment complex, you will have to pay monthly fees for the services provided by the complex.
- You may face some difficulties when paying the installments of the real estate and therefore you will not become the actual owner of the real estate until after paying the full price of it.
- After Turkey’s devastating earthquake, buildings in earthquake-prone areas are at risk, so the apartment must be inspected by the municipality to make sure it is earthquake-resistant.
- Earthquake-resistant apartments are more expensive than regular apartments because the cost of their construction is greater.
What about the advantages and disadvantages of buying land in Turkey?
Positives
- Buying land in Turkey gives you many investment options (commercial, residential, residential-commercial).
- When you buy land in Turkey, you can build it and design it according to your own capabilities and taste.
- Land prices are cheaper than ready-made apartments and their return on investment is tempting especially if you buy them in time.
- If you are a fan of privacy and independence, land is more suitable for you than apartments in complexes where life is co-operative.
- Investment in land is not as prone to earthquakes as buildings.
- Land in megaprojects achieves high investment returns where you can wait and then sell it after its price rises.
- Land does not lose its value over time.
Disadvantages
- If you wish to set up a residential or commercial project on the land, you need to put more time and effort into it.
- You have to be patient to get a high return on investment.
- Buying land requires a thorough study of it.
As a result of the above, it’s safe to say that investing in land is safer than investing in real estate because it is not at risk of earthquakes as is the case with real estate.
Features of investment in the lands of the Istanbul Canal
The lands of the new Canal Istanbul are located near the vital areas of Istanbul, a large part of it is within regulation and the other part is under regulation, as for investing in it, it is a successful and safe investment, as the canal will become the new Turkey Bosphorus and its two ends will connect six bridges and a smart city that is resistant to earthquakes and tsunamis will be built on its banks under governmental supervision in addition to many other projects that cannot all be mentioned in here.
ElHaj Real Estate Group offers you unique purchase offers at well-thought-out prices as we take care of all legal matters related to the land, in addition to conducting a comprehensive study of the land to ensure that it is not at risk of earthquakes.
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