The Benefits of Investment Land in Turkey – Industry Investing

Land investment is one of the essential activities of an economy, illustrating a growing industry in Turkey. In addition to the constant growth of the land market, land investment is also progressing in the country as evidenced by the resurgences and the attention given to it by most companies and organizations.The land investment industry in Turkey is able to provide expertise in single and multi land ownership properties, rent, leasing, reviews, budget forecast, accounting as well as strict quality control in landscaping, security, cleaning, maintenance services, and administrative support. Huge residential lands, single tower and multi-tower residential properties, industrial buildings, commercial premises, regional shopping centers and parking areas, are among the land properties being invested in Turkey.In addition to the land property management industry, land investment in Turkey also involves land investment services and benefits. The land industry services in Turkey include the negotiation of lease renewal and rent review, collection of rental and various charges, processing and management of tenancy documentation, asset management and capital budgeting as well as cash flow projection and evaluation. Valuation and estate surveying, property agency, projection, asset consultancy and capital budgeting are also among the many services provided by the land property management industry of Turkey.However, due to the continuous increased in budget deficit, new legislation, policies and regulations on land investment and the rising property market, the Turkish government has grown serious in considering privatisation as well as various land investment approaches for its assets. On the global level, capitalising on the value from real estate assets owned by the government is no longer a new trend. In 1984, the privatisation of companies and organizations that resulted to a GBP raise of 7.4 billion had led to the worldwide acceptance of the privatisation practice. The government of Turkey has conventionally capitalised and took advantage on value on value from its real estate by means of an extensive land sale program. Although this has led to the generation of significant amount of revenue, the potential to release capital from real estate assets, such as government occupied and owned property, utilities or assets provided socially, has not been addressed.The political, social or economic benefits Turkey will gain out of these government policies and privatisation programs are still not yet proven and seen. In 2004, there has been a significant increase in the amount of initial land investments being listed in Turkey. This in turn has a potential tremendous effect on the share values of listed property companies in the country. Currently, Turkey has already a high degree of private sector participation within its land investment industry. Privatisation will then result in more concentration on the improvement on the efficiency of assets in terms of cost reduction and increased revenues. The increased capital or margins may be utilised to further enhance and develop the core operation of the land investments in Turkey as well as to reduce and minimize the costs incurred through the provision of land services to the end user and other stakeholders involved.