Benefits of Buying Plain, Agricultural Land

Land Investment in rural areas

We must have written about this before; however, it is always useful to keep the basics in mind. Property investment is mainly:

1.     Ideally the price is right. Even better if you buy under market value.

a)     In Mersin, the opportunity is relatively unknown. We are in touch with locals of the area, who struggle with the high cost of living and some families are willing to sell their lands at attractive price levels.

b)    Also here, you have vast amount of land available for investment, so prices are still quite mellow. For sea-view plain land with no zoning, prices start from $5 per sqm, only 7-9 km from the sea.

2.     It’s ‘Cherry on top of cream’ if your investment generates income, however this is not a must. These options are surely going to be growing rapidly after the international airport opens and the motorway extension starts.

a)     Income generating agricultural land is normally valued by ‘yearly turnover x 5’ however this may vary depending on the location of the property, and the age of the trees on it.

b)    For better appreciation the plainer the land is the better. This way you are buying the land at the lowest possible unit price and maximising your profit margins.

c)     Of course, buying plain land and investing some more on it for creating Added Value is recommended. This could be clearing rocks and wild bushes, bringing water etc.

3.     You need a healthy exit for your investment to be complete. We will be there to help you value your property in 2-4 years and market it professionally just like when you have purchased it.

a)     Determining the realistic price of your property then relies on our reports to you every other month. This way you will keep an eye on the market and always be able to say, ‘Let’s sell it now!’.

b)    Unless you need the funds, you receive from the sale of your property elsewhere, continuous investment in land and development is recommended to generate healthy profits.

Now it is your turn. If you find this article interesting enough, please message or call us and let us have a warm, friendly, and professional chat to see how we can assist you.