Reasons Affecting Land Price
Whether it's for building a house or for investment, there are points to consider when buying land. Especially when buying land from rural areas, determining the exact boundaries of the land is a very important issue. The person who will buy the land should first apply to the Cadastre Directorate to have this determination done. Experts assigned by the Cadastre Directorate can clearly define the correct boundaries of the land.
The condition of the land to be purchased should be checked by going to the relevant land registry office.
Fractional Deeds
Fractional deeds can be troublesome for individuals. For this reason, it is more problem-free to buy land that belongs to a single person. The purpose of purchasing the land is also very important. It is necessary to have an idea about the future of a land bought for investment purposes. If the aim is to build a building, construction permit situations should be examined. Especially in Istanbul, construction permits are not given near water bodies such as streams and lakes. Therefore, research should be done well to avoid being a victim later. Finally, it is useful not to rely on a single source to have information about the real price of the land. Within the conditions it has, the prices of places equivalent to the land to be purchased should be thoroughly researched.
