Two ways to buy an apartment in installments in Turkey
Last Updated: 2023-07-27Two ways to buy an apartment in installments in Turkey
Whatever action you do has a cause and a consequence, it is unreasonable to aim or decide to do something without an explicit and clear goal, no matter how simple the work is, and when you are looking in Turkey for a goal, especially in the real estate sector and buying apartments, you must know why you are taking this step. And, of course, as is common, this field has many dimensions, so there are those who choose, for example, to buy a property so that he has several options, such as buying the apartment in installments, but what are the reasons that make the individual looking for an apartment in installments in Turkey, we will now know all of that.
Why are you looking for apartments for sale in Turkey in installments?
Turkey is one of the many countries in the world that offers installment offers when buying apartments for sale in it. This issue is widespread in it, and there is hardly a real estate investment project with no apartments in installments. Mostly, the person who intends to buy any property and prefer not to pay its costs in full payment but rather in installments, can be either not capable of paying the full price as he does not have enough cash, so the installment apartment is very suitable for him, or this person has enough money but needs it in another project, then he does not freeze all his money in one place, and this is also possible.
How can you find an apartment in installments in Turkey?
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Through real estate companies: There will be no end to the ways through which you can find apartments in installments in Turkey, and one of the most secure ways is to acquire that property through licensed real estate companies in Turkey, as they will secure your desired property at the price that suits you and will organize the sale and purchase contract and determine the payments that will be paid over the coming days and determine their value and when they end. In return the buyer will have to adhere to the time specified for each payment.
There are those who ask about the first payment for the property that will be bought in installments; it is usually around 35 percent of the total price of the property and sometimes up to 40 percent of its price, and this is one of the most important roles that these companies play. It is certain that you will need these services, especially if you are not originally from Turkey.
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Through banks: This is also one of the well-known and common ways to buy apartments in installments, so you can choose the bank that you want, as it is the one who must pay the money later.
But you may be wondering about many inquiries about which is the first or the second option? There are those who prefer the first option and there are those who prefer the second option. In general, the second way is best for those who do not have the ability to make payments in a short time because banks can give you ten years and maybe more than this as well.
Who are the people in Turkey who can buy an apartment in installments?
There are no specific groups entitled to buy apartments in installments in exception for other categories, so everyone who wants this matter will have it available to him without any complications or problems, it does not matter if the person has Turkish nationality or other nationalities, and you only have to specify the property or only you will deal with those related to that apartment.
What are the things that contribute to determining the price of an apartment in installments in Turkey?
There are many factors and elements that have a hand in determining the price of the apartment that is in installments. For example, the condition of the property as a whole is the most important thing that is noticed, such as its internal contents, the quality of its decorations and the extent of its modernity. Never forget to be alert to the location of the apartment in the city and its location in the building as it is not the same to live on the first floors or on the upper floors. You have to focus as well on the view of the apartment, and if the view is tourist, then this means that the apartment has a high price, but if it is a normal view, then its price will be average if not low. All these factors are good to pay attention to because it will save you some money and keep you out of the hands of those who do not have a human conscience.
What are the advantages of owning a property in installments in Turkey?
There must be many benefits to buying a property in installments in Turkey, so you can consider that this is the first step in the way of becoming one of the owners of real estate investments in Turkey. It will be a reason for making you successful and profitable at the same time. if this property's material value is 250 thousand dollars or more, this means that you will follow the right path that will lead you to obtain Turkish citizenship, and as you go, this step will be one of the right steps. There are many reasons and the goal is one; Turkish real estate offers through installments are many and you can simply find one of them. We tried as much as possible to mention the most important things related to this topic and the last decision is yours alone.
Edited by Mersat Real Estate Team ©
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