Houses for sale in Istanbul Turkey in installments

Created: 2021-12-01
Last Updated: 2024-04-20
Views: 2268

Content Index

What does it mean to buy houses in installments in Turkey?
How to buy houses in installments in Turkey?
- Through the construction company:
- Through a bank in Turkey:
The most important advantages of buying houses in installments in Turkey:
The most important tips when buying houses in installments in Turkey:

It was previously pointed out that the real estate market in Turkey is one of the richest global markets with its real estate diversities that drew attention to it. Among the most important incentives that prompted many foreigners to search for houses for sale in Turkey is that there is a possibility to buy them in installments, and this option is representative of many people who do not They have the ability to pay in full.
But what are the advantages of this choice? Does it have any negative aspects? Let us introduce you through the following article everything related to this topic.

What does it mean to buy houses in installments in Turkey?

It is the purchase of a house within the Turkish territory, but with a deferred sale contract through which the price of the house is paid in installments, a date is set for this in advance, and the buyer must abide by it without delay.

How to buy houses in installments in Turkey?

Those who are going to buy a house in installments in Turkey should familiarize themselves with all the laws and conditions related to this matter. One of the most prominent details of this topic is that this type of house can be purchased by choosing one of the following two methods:

Through the construction company:

- This is through organizing a formal contract between the company and the buyer, in which all agreed-upon items are listed, most notably the value of the house and the time specified for making payments.
- The buyer must abide by all the provisions arising from him, especially the restriction of the date of payment of installments without any delay.
- In this context, there are a number of items that the construction company must abide by, the most prominent of which is the date of delivery of the property, and we must not neglect the implementation of any of the details agreed to be implemented.
- It is good for the buyer to be among the first to buy a house in installments in one of the construction projects being built in Turkey, whereby he will receive attractive discounts.
- It is worth noting that the sooner the time of delivery of the property, the higher the price, and between the first phase of construction and the last phase, the price sometimes rises by forty percent.
- As for the size of the payments that must be paid, it is not fixed, as this matter varies from one company to another, but what is customary is that the first payment should be 35% of the property price, and if the buyer can be the first payment 50%, he will receive discounts Distinctive.

Through a bank in Turkey:

- The second way to buy houses in installments in Turkey is to take a loan from one of Turkey's banks, which is a good idea.
- The bank buys houses from the construction company and then sells them to whomever wishes to do so, and then puts a mortgage sign on the property that will not be removed until the buyer finishes paying all the installments due on it.
- When choosing the bank to buy a property in installments in Turkey, you must take into account that the first payment will range from thirty to forty percent of its value.
- These banks provide the possibility to pay the amount over the long term, which may extend up to ten years, while the construction company does not grant all of that period.
- It is worth noting that relying on banks to buy houses in installments in Turkey will make their price higher, which made many people offer them.

The most important advantages of buying houses in installments in Turkey:

- It is an opportunity to buy a property in a stable and developed country at the urban level such as Turkey, especially in light of the economic development and political stability it is witnessing.
- It is also a way to obtain Turkish citizenship, if its price is two hundred and fifty thousand US dollars as a minimum.
- In the event that it is under construction, it can be resold after the completion of its construction and obtaining the difference in price, as the houses after the completion of construction increases their price to many times.
- By buying a house in installments, you have reduced the time for yourself and purchased your property three years earlier than the supposed time.

The most important tips when buying houses in installments in Turkey:

- You must make sure that you are able to pay all the installments on time without delay, and you must also make sure that the first payment does not pose any financial hardship to you.
Make sure that the size of the agreed payments fits your budget.
- If you are aiming by buying it to obtain Turkish citizenship, you should look for the corresponding property.
- When the first payment is large, you will get many privileges and special discounts that are reflected in the monthly payment and the total price.
- You should not abandon the use of a real estate company that offers attractive offers, and you should be keen to look for someone who offers you long-term installment offers.
- The longer the period provided to pay the installments due on the property, the more distinguished the first payment will be.
Buying houses in installments in Turkey is a smart option, and it is not only suitable for people with low budgets. It is also suitable for those who do not prefer to freeze their capital in real estate and wait until they receive it to benefit from its returns.

At Ramzy Real Estate Company, we are glad to accompany you on the journey of buying property in Turkey and to provide you with a range of services to make the process smooth and easy , as we are always keen to present a variety of options for residential and investment properties in addition to helping you obtain Turkish citizenship for those looking for it.
Our services:
- Legal advice .
- Property Management.
- After-sales services .
- Legal services and obtaining Turkish citizenship.
- Buying and selling real estate in Turkey.
- For more details, you can contact us via the communication platforms or via the WhatsApp attached on the site.

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