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Buying apartments in installments in Turkey

Jul 1, 2021
Phoenix Team

Turkey attracts a large number of foreign investors every year, and this is due to the many advantages of the real estate market in Turkey, and the privileges that the state provides to foreign investors so that they can pay in whole or in installments.

Buying apartments in installments in Turkey

Turkey attracts a large number of foreign investors every year, and this is due to the many advantages of the real estate market in Turkey, and the privileges that the state provides to foreign investors so that they can pay in whole or in installments.

The possibility of buying apartments in installments in Turkey has facilitated the possibility of owning a property and made it smoother than before, by purchasing with a deferred sale contract, where the buyer can make the first payment of the property's value and agree with the seller to complete the payment over multiple periods, i.e. in installments, as foreigners can Also buying apartments in installments, and in every purchase, in installments, there is an agreement between the seller and the buyer to determine the amount of the payments and also agree on the periods in which the installments must be paid.

Buying apartments in installments in Turkey is one of the best options, where the buyer can pay comfortably.

There are two ways to buy apartments in installments in Turkey:

The first method is to buy directly from the construction company so that a formal sale contract is organized between the construction company and the customer in which the value of installments and time periods are determined and the price of the property is determined and the buyer must make payments in the agreed time periods, and the construction company is also obligated to deliver the apartment on time. It is agreed upon in advance, especially when the building is under construction.

The more the apartment is delivered after a short period of time, the higher the construction price.

Most of the time, the return value of the down payment is 35% of the apartment's value, but the amount varies depending on the construction company and the offer that you offer.

The second way is to buy through a bank loan. This process is done by the bank buying the property and then selling it to the customer by placing a mortgage on the property that he does not remove until after all the loan installments are paid.

These installments are usually paid monthly and have a lower value than the direct purchase value from construction companies, due to the banks' use of a long installment method between 5 to 10 years, but the total price of the property in the bank is usually higher than the construction company.

Apartment prices in Turkey are cheap compared to other countries such as the USA or Europe, as they attract many investors every year.

As we find several factors that affect the price of the property in Turkey, including:

The condition of the property in Turkey, whether it is old or newly built, greatly depends on the price of the property.

The location of the property, if it is located within a residential complex or a normal building, affects the price.

The property's proximity to airports and major projects such as the New Istanbul Canal.

The property is close to the city center, events, and commercial centers.

The property's proximity to tourist areas and recreation areas such as the sea - forests - gardens ... etc.

The final factor is the area of the property, which greatly affects the price of the property, as well as the interior design and the number of bedrooms and bathrooms.

The benefits of buying apartments in installments in Turkey are numerous, the first of which entitles you to obtain real estate residency, and if the property value is more than 250 thousand dollars, then you obtain Turkish citizenship immediately, which attracts foreign investors.

The second benefit is that construction companies provide several discounts on the price of the property in Turkey if the down payment is larger than usual, i.e. about 50%, they reduce it to a smaller percentage.

Buying apartments in installments in Turkey

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Istanbul Properties, Phoenix City Home, Turkish Citizenship

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Property management in Turkey Istanbul properties Turkish citizenship Turkey properties Turkey real estate Home for sale in turkey

Buying apartments in installments in Turkey

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