Invest in Land in Mersin with MARE

Turkey is a relatively large country with a beautiful coast to the Mediterranean Sea. Land investment on the Mediterranean is possible in Mersin, while prices are still very affordable. With our investment model for foreign buyers, you will not miss out on the chance to receive the best of investment profits even if you do not hold Turkish Citizenship. Let us first explain how you can invest in land in Mersin with MARE by your side.

Secure contract procedure

Unfortunately foreign investors cannot invest in agricultural land in every case. There are requirements which make the procedure complicated and most agencies drive their clients to buying apartments. With our model, we form a partnership by signing a legally binding contract for security. This way we will not need a power of attorney, and there will be a state approved annotation on the title deed to further secure your position to invest in land in Mersin with MARE.

Let us say you like this option. It is 5.843 sqm and priced at about $229.000.

Once we have agreed on the final price, we sign a binding contract that you are paying for this property and it is yours, however it will be in the name of either a Turkish citizen you know, or simply one of MARE Investment’s consultants. This allows works to start.

You will be paying as we go, for levelling of the land, its landscaping etc. Once the property is ready to be marketed again, to sell will be about 6-12 weeks.

Levelling and landscaping takes about 15% of your initial investment. So you will have spent about $265.000.

Because we had changed the status of the property and made it far more desirable, the price will be about 60% higher than total spent.

Within 3-6 months we expect a minimum of NET 30% up to 45% upside. Buying cost including our service fee is 6% in the beginning and at the end our management fee is 7% of the final sale price.

Contents of the contract

As the property will not be in your name, the contract will remove all risk by direct statements. Below is a summary of how out invest in land in Mersin model works.

• We have agreed the price of the above sample property say for $225.000. Initially you will pay a $5.000 deposit and we will prepare the contract for the property with your details, that you are the payer, and the name on the title deed is the person to carry out the works on the property. The notary’s office fees are covered from the deposit paid and it is about $1.000.
• Once the contract is signed, you will pay the balance: $221.000, and the buying cost is about $13.500 on top.
• The works begin immediately. Licensing, design and appointment takes about 4 weeks maximum. Then you pay half of the 15% cost of excavation and landscaping, that is about $16.875. Works take about 2 weeks. When we are done, you pay another $16.875 and we start the marketing of your property right away.
• Realistic time of sale is about 12 weeks. Say we have an offer of $400.000 for the property. Buyer pays the title deed fees, so we deduct MARE’s management fee $28.000 and you are left with net $372.000. That is a net 36% profit on total spent in just 18 weeks (4,5 months)

If you would like to talk about the invest in land in Mersin system please call us right away.