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To become a property owner in Turkey, it is enough to buy an apartment, house or villa. Some dream of building a home from scratch. To do this, it is possible to buy a plot of land in Turkey. It is a profitable investment of money if you choose the right object. To select the land, you need to determine the type of site. After determining the goals, it becomes easier to make the purchase.
Stay Property offers a variety of land options in Turkey for foreign tourists and investors. The investment will pay off quickly with proper planning space.
Buying a plot of land in Turkey is beneficial for those who plan to build their own real estate property. There are different types of land depending on the purpose and use:
For agriculture. It is used for sowing with agricultural crops. There are fruit and berry plantations. On such plots any construction is prohibited. It is allowed to change the status of the plot, but it is a long process. The decision is made by the local municipal authorities. The authorities do not always give a positive response, especially for foreigners.
For building. Used to build residential and commercial facilities. It is forbidden to construct commercial buildings on the plots for residential complexes. This dependence works and vice versa. Separate areas are allocated for the construction of private homes. Other plots of land are also allocated for stores or hotels, which have the appropriate designation in the registry.
State property. On such plots any construction is prohibited. It is possible to rent such land if necessary.
After choosing the type of land plot is required to draw up all the documents. The transaction consists of several stages. First, all the papers for registration are submitted. For recording there is an opportunity to use the online service of the Cadastral Office. A certificate is issued at the local municipal authority. It shows the market value of the land. Then there is a transfer of documents, receiving a certificate with a number. This number is used to keep track of the stages of documentation.
After reviewing and approving the application, a corresponding message about state fees to be paid comes. The tax is 2% of the value of the land plot. After the payment, a note is made in the Cadastral Office about the completion of the sale of the plot. Upon the results there is issued a document certifying the right of ownership to the plot. Registration of the certificate takes 2-10 days.
Buying land in Turkey is beneficial to foreign investors. The title to the land plot allows one to use it at one’s discretion, and to build an object according to one’s own plan. Among the advantages are the following:
Rising land prices. Free land plots are shrinking. There is a growing demand for housing and commercial construction. Because of this in the regions of Turkey increases the popularity of free land. The price per square meter is rising steadily. In the future there is an opportunity to sell the land more profitable.
Liquidity. Land for construction is in demand. In the future, these investments are used to obtain additional benefits.
The absence of risks. The cost of land is not reduced. New facilities are constantly being built, so the price will not fall to a low level.
No additional costs. Land does not require maintenance costs. If you buy other real estate, you will have to spend extra money to maintain infrastructure and maintenance.
Building use. On purchased land there is an opportunity to build a facility with its own layout, as well as subsequent sale or lease.
Buying land allows you to invest in real estate with minimal risk. The buyer does not lose money. If necessary, it is always possible to resell the object.
Stay Property sells plots of land in Turkey for building or resale. Different options are available for building on the acquired land:
The investor buys the plot and finances the construction. Income is generated from the profits received from the rental of the property.
A land plot is purchased and construction assistance is provided by the developer. Profit depends on the percentage of the cost of the finished building.
The investor finances the construction. The income is distributed according to the percentage.
When construction is partially financed, the income is split in half with the builder.
Once the work is completed, the property is used to sell or rent it out. The building is fully livable.
When buying real estate, there are additional expenses. For example, you have to pay the housing tax, as well as services to the agency.