Land investments are a profitable investment opportunity for many investors. However, before making land investment, land prices must be determined. Land prices can vary depending on many factors. In this article, we will share information about the factors that determine land prices in land investment.

Location
Land prices may vary depending on the location of the plot. For example, if a plot is located in a central area, its price may be higher. Similarly, if a plot is located in a place with sea view or nature, its price may be high. Investors should have an idea about the price, taking into account the location of the land, before purchasing a land.

Zoning
Land prices may vary depending on the zoning status of the land. The price of a plot of land with a zoned may be higher than a plot without a plot. Permits and documents required for construction on a zoned land are available. Therefore, the purchase of a zoned land may be more advantageous for investors.

Infrastructure around
Land prices may vary depending on the infrastructure around the plot. For example, if a plot is located close to roads, water, electricity and sewer services, its price may be higher. Investors can have an idea about the land price by examining the infrastructure services around the land before purchasing the land.

Real Estate Prices in the Region
Land prices may vary depending on real estate prices in the area. For example, if house prices in an area are high, land prices may also be high. Investors can have an idea about the land prices by researching the real estate prices in the region before purchasing land.

Economical situation
Land prices may vary depending on the economic situation. In particular, during periods of economic recession, land prices may decrease. For this reason, investors should have an idea about land prices by examining the country's economy and the trends in the land market before purchasing land.

Land Features
Land prices may vary depending on the characteristics of the land. For example, factors such as the size of the plot, the shape of the land, the land structure on the plot, the proximity of the land can affect the land prices. Therefore, it is important for investors to research the characteristics of the land and the effect of these features on the price before making a purchase.

Taxes and Other Costs
Land prices may vary depending on taxes and other charges. For example, the permits, documents and other legal costs required to build on the land can increase the price of the land. In addition, taxes that must be paid for owning land can also affect land prices. Therefore, it is important for investors to research taxes and other costs and evaluate the impact of these costs on the price of the land before purchasing land.

The factors that determine land prices are quite diverse. It is important for investors to examine the factors affecting the land price and evaluate the impact of these factors on the price before purchasing a land. Land investments made in this way can be a lucrative financial move for investors in the long run. In addition, investors' knowledge of the factors that determine land prices can reduce the risk of land investments. By taking these factors into account, investors can calculate the payback time of their land investments and manage their investments more intelligently.