Those who want to get away from the complexity, stress and traffic of city life invest in chalets. But is the land used as an investment tool? Here is the answer.
Mountain and farm houses are among the preferred investment tools for the inhabitants of the big cities. Even in the last six months it is possible to observe the increase in sales of mountain and farm houses.
The wide price range in mountain and farm houses is one of the reasons. Prices that meet different expectations and needs can vary considerably. The base price for a farm house is 130 thousand TL. However, this price can rise up to 5 million TL. Same situation in mountain houses; starting from 150 thousand TL up to 8 million TL.
Price range varies depending on the city
Many farm houses in Muğla, Tekirdağ, Bursa, Trabzon and İzmir are on sale. The most preferred mountain houses are in Burdur, Sakarya, Düzce and Çanakkale. The most expensive farm houses with a large price range are in Istanbul. Farmhouses in Silivri can cost up to 50 million TL from 9 million TL. It is also possible to find 50-thousand-TL farmhouses in the same area. The average cost of farm houses in Bodrum Bitez is 21 million TL and in Bursa Karacabey it is around 15.5 million TL.
The situation does not change in mountain huses. In Muğla, Fethiye, they’re around 8 million TL; in Çanakkale-Ayvacık, 5 million TL; in Istanbul-Göktürk, 4 million TL and in Sakarya-Sapanca, 3.5 million TL.
City with the most emigration: Istanbul
Turkey Statistical Institute (TSI) has released the 2018 migration statistics. Migration statistics surprised the country and Istanbul ranked first among the most emigrated provinces. Between 2017 and 2018, 210 thousand 321 people emigrated from İstanbul.
There used to be an immigration trend to İstanbul from underdeveloped cities or provinces. Today, there is an emigration trend from big cities to small towns and villages. The most obvious reasons for this situation are the exchange rate fluctuations, the increase of interest rates and unemployment ...
“Real estate investment can save you three times”
In the last six months, sales of mountain and farm houses have increased, especially in metropolitan residents who prefer to buy such houses. Çağdas Bozay, sales director of Hürriyet Real Estate, said, “ As always, the real estate market is one of the most important means of investment in the long term. Considering long-term investment in real estate compared to other investment vehicles can give up to an average of three times more.”
Is land a profitable investment?
Land is another preferred investment tool for the residents of metropolitan areas. For a lucrative investment, the land needs to be bought at the right time and at the right location. Lands can bring much more earnings in the medium and long term compared to real estate investments.
If you want to earn short-term earnings by buying land, you should pick a location to develop. New settlements, new metro / metrobus station and a bridge that will facilitate the routes. A land close to hospitals, schools and shopping centers can provide short-term profits.
