Is it safe to buy apartments in installments in Turkey?

Is it safe to buy apartments in installments in Turkey? There is no doubt that it is one of the most common questions among many investors who are considering real estate investment in the real estate market in Turkey, especially if they are going to try investing for the first time in the lands of the Republic of Turkey, so through our article we will provide you with a comprehensive guide on everything related to installments and its features as all you have to do is continue reading to learn more and get acquainted with all the details before proceeding with the purchase.

Advantages of buying apartments in installments in Turkey

Some may ask, are there advantages when buying apartments in installments in Turkey? Through the following paragraph, we have tried to highlight some of the advantages that you will enjoy, as follows:

1. Paying the amount of buying an apartment in Turkey in easy installments, away from stress.
2. The opportunity to take advantage of the offers and discounts provided by construction companies related to the first payments and projects on the plan.
3. Not resorting to debt and other possibilities that may cause the investor to be confused or financially distressed.
4. The possibility of obtaining Turkish citizenship when buying an apartment worth $400,000 and obtaining a Turkish passport.
5. You can obtain a real estate residency if you purchase a property worth $75,000.
6. Benefiting from the property and exploiting it even before finalizing the payments in full, as you can live in the apartment during the repayment period.
7. Buying apartments in installments is a profitable investment opportunity, especially for those who want to buy a unique property in a developed country and do not have enough capital
8. Achieving a high profit rate after the purchase, by selling the property after the completion of the construction phase, and obtaining an increase in the price of the property that may reach 30%

Tips when buying apartments in installments in Turkey

In the event that you are interested in buying an apartment in Turkey in installments for the first time, it is necessary to know some of the following tips that will facilitate real estate investment in the real estate market in Turkey and make the buying process more flexible and fast and the following are the most prominent of these tips:

1. We advise you not to buy an apartment in installments on Turkish lands unless you are sure that you are able to pay its installments on time.
2. In the beginning, do not make a large down payment so that you can pay the rest of the remaining installments without resorting to debt.
3. You should focus on clarifying all the items related to the process of buying apartments in installments through the contract concluded between you and the construction company.
4. It should be remembered that the larger the down payment for the apartment, the more privileges and facilities the seller will grant you.
5. To facilitate the purchase process, try to find an individual seller or a construction company that gives you installments for a long period, as some companies work to provide a period of up to 10 years or more.
6. In the event that you are late in paying the monthly installments, fines will be imposed in advance in the concluded contract, so do not proceed with the purchase if you do not have the ability to pay the monthly at the specified time.
7. You can buy an apartment in installments on Turkish land through a bank loan and take advantage of the convenience of payment and lower installments, but with the increase in the total price of the apartment compared to buying directly from the construction company.
8. The use of reliable construction companies with a good reputation.
9. Accompanying a specialized architect with real estate experience to help you ensure that all the items agreed upon are implemented.
10. Visit the apartment's website, verify its location, and see it in reality, in order to ensure its specifications that suit your budget and needs, in addition to its internal and external finishes.

Ways to buy apartments in installments in Turkey 

There are many ways, but the most common ones are as follows:

First: Through a Turkish bank

It is one of the most guaranteed ways to buy an apartment or real estate in installments on Turkish lands, as the bank buys an apartment from the construction company, then sells it to you with a mortgage sign on the apartment until the full payment is completed however, you must be warned that this method has a relatively high price of the property compared to the following method.

Second: Through a construction company

Through this method, you can buy an apartment in installments through reliable and guaranteed construction companies, which work to provide special offers from time to time, in addition to that, you can then pay the required first payment without worrying about other payments, and complete the remainder of the famous installments however, all the items that were agreed upon must be included in the sale contract between the seller and the investor.

Conditions for buying apartments in Turkey in installments

The following are the conditions for buying apartments in Turkey in installments, keep reading.

1. The investor's nationality should not be one of the nationalities prohibited from real estate investment in Turkey.
2. Ensure that there is no mortgage or seizure on the property in order to conclude a safe investment deal.
3. The area of ​​the apartment should not exceed 30 hectares.
4. The apartment to be purchased should not be located in areas that are prohibited from investing in, such as: military areas, ports, and others.
5. Not to buy apartments with an area of ​​more than 10% of the area of ​​the administrative area.

The idea of ​​buying real estate in Turkey has become popular among those interested in obtaining an ideal opportunity for housing or investment and take advantage of the appropriate real estate investment options in Istanbul to obtain a high return by communicating with our real estate consultants.

Do not forget that investing in real estate in Turkey is only a way to gain Turkish citizenship orreal estate residencepermit that allows you to stay in the country legally and then acquire many of the privileges that a Turkish citizen gets.

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