The increasing real estate prices and earthquake risk in Turkey have captured the attention of investors.

In recent years, with the rapid rise in real estate prices in Turkey and increased concerns about earthquake risks in many regions, both small and large investors have turned their focus to land and plot investments in nearby areas. While this surge can be said to be grounded in solid fundamentals, the earthquake risk has also become a factor directing investors towards land investments.

Real estate is widely regarded as a profitable long-term investment worldwide, and with demand continuously surpassing the current housing stock, prices are consistently on the rise. Despite the decreased interest in real estate investment in Turkey in 2023 due to the country's economic contraction and various other factors, elements such as a growing population, a young and dynamic demographic, infrastructure investments, and popularity in major cities continue to impact property prices, especially in urban centers.

However, Turkey being a country with a high earthquake risk, particularly in major cities following the pandemic and the seismic disasters of the past four years, has started to gradually move people away from metropolitan areas and has become a factor directing investors towards land. Increasing earthquake activities and past major earthquakes encourage people to construct safer buildings in residential areas. Consequently, investing in land to construct personalized structures is seen as a safer option for investors. Additionally, land prices are generally lower compared to apartment prices, making them an attractive option from a cost perspective for investors.

Now, what should you consider when buying land?

1. Location: The location of the land is crucial for the success of your investment. Lands in good locations hold future potential for value appreciation. Factors like proximity to transportation, access to infrastructure services, and the development potential of the surroundings can affect the land's location.

2. Research: Before buying land, it's essential to thoroughly research the planning and zoning status of the region with a "verified" Real Estate Expert. Knowing details such as construction permits, building conditions, potential residential or commercial use is crucial for the success of your investment.

3. Soil Analysis: The land's soil structure is a crucial factor to consider during construction. Conducting a soil analysis helps assess the land's soil conditions, geological structure, and suitability for construction. In high earthquake risk areas, adhering to local regulations for structural safety measures is essential.

4. Infrastructure Services: Access to basic infrastructure services like electricity, water, and natural gas is crucial for your land. A land with good infrastructure can be advantageous in terms of environmental arrangement, road access, and quality of life.

5. Legal Status: Checking the ownership status, title deeds, permits, and documentation related to the land is important. Before purchasing, seeking help from a specialized attorney to ensure the completeness and currency of the title deed is recommended.

6. Potential Gain: When buying land, considering the potential future gains of the investment is vital. Evaluating future developments that might affect the region, planned projects, and zoning status is crucial for a profitable investment.

The real estate sector in Turkey holds continuous growth potential. However, conducting thorough research and seeking advice from experts before investing is essential. Making investment decisions by considering factors like real estate prices and earthquake risks can lead to secure decisions for the future.

Best regards,

Ümit ŞARMAN

Founder at UND Global Property.