Advantages of buying an apartment with the guarantee of the Turkish government
Last Updated: 2023-07-27
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Advantages of buying an apartment with the guarantee of the Turkish government
Whoever is looking for a property for sale is looking for guarantee, safety and reliability in order to preserve his money and for the property to be of high quality and superior specifications.
Among the many real estate options offered by the real estate market in Turkey are the projects that are guaranteed by the Turkish government.
Are they good options? What are its advantages and why do many investors insist on choosing it?
Through the following article, we will provide you with a detailed report on the most important advantages of buying apartments that are guaranteed by the Turkish government, and we will highlight the most prominent differences that exist between them and private projects.
Before we get to the heart of the matter, we must point out what real estate projects are in Turkey.
It is divided into two parts, the first being on the basis of a partnership between the public and private sector, and the second being sponsored by private companies only.
In the projects that are guaranteed by the Turkish government, the government provides the land and private institutions for implementation and construction work. Here are the rest of the details.
Among the many real estate options offered by the real estate market in Turkey are the projects that are guaranteed by the Turkish government.
Are they good options? What are its advantages and why do many investors insist on choosing it?
Through the following article, we will provide you with a detailed report on the most important advantages of buying apartments that are guaranteed by the Turkish government, and we will highlight the most prominent differences that exist between them and private projects.
Before we get to the heart of the matter, we must point out what real estate projects are in Turkey.
It is divided into two parts, the first being on the basis of a partnership between the public and private sector, and the second being sponsored by private companies only.
In the projects that are guaranteed by the Turkish government, the government provides the land and private institutions for implementation and construction work. Here are the rest of the details.
What are the most prominent guarantees provided by the Turkish government in the projects it adopts?
- It is worth noting that the Turkish government supervises all the details of these projects from the first cornerstone being laid until the last stone.
- It follows up all the procedures that take place before the sale stage and makes sure of the licenses that the construction companies are issuing.
- Checks all promotional advertisements that construction companies adopt in order to rectify any error or false information that may reach the investor.
- Before starting the project, there are experts accredited by the Turkish government who review the characteristics of typical apartments and real estate, in order to build what simulates them.
- The rights of the foreign investor are 100% guaranteed by following up on all sales procedures. Also, the contracts will be certified by a notary from the Turkish government, and therefore will be translated by a trusted sworn translator.
- The price of the real estate will be transferred in the first stage to the bank accounts of the Turkish government, which in turn will transfer the amounts to private construction companies in installments as the construction stages develop.
- It follows up all the procedures that take place before the sale stage and makes sure of the licenses that the construction companies are issuing.
- Checks all promotional advertisements that construction companies adopt in order to rectify any error or false information that may reach the investor.
- Before starting the project, there are experts accredited by the Turkish government who review the characteristics of typical apartments and real estate, in order to build what simulates them.
- The rights of the foreign investor are 100% guaranteed by following up on all sales procedures. Also, the contracts will be certified by a notary from the Turkish government, and therefore will be translated by a trusted sworn translator.
- The price of the real estate will be transferred in the first stage to the bank accounts of the Turkish government, which in turn will transfer the amounts to private construction companies in installments as the construction stages develop.
What distinguishes the projects that are guaranteed by the Turkish government?
Despite the distinction and luxury of projects adopted by private companies, the projects that are guaranteed by the Turkish government have a special character of excellence represented in the following points:
- This type of project combines the most important features of private and public sector projects.
- These properties are characterized by the high quality according to which they are designed and built according to safety standards (resistance to earthquakes and natural disasters).
- You can find elegance in all the details of the project, as it conforms to modern standards in engineering design, both externally and internally.
- The presence of fraud and deception is unlikely as the apartments are delivered to their owners at the agreed time without any delay. Also, this project cannot go bankrupt or face any such danger.
- The projects that are guaranteed by the Turkish government occupy strategic and often vital locations, and are attached to many special services such as hospitals / schools / mosques / sports clubs / recreational clubs and others.
- It is worth noting that real estate prices that are guaranteed by the Turkish government are appropriate and distinctive. It has played an important role in balancing real estate prices in Turkey, in contrast to what is witnessed in real estate in European countries or in the United States of America.
- This type of project combines the most important features of private and public sector projects.
- These properties are characterized by the high quality according to which they are designed and built according to safety standards (resistance to earthquakes and natural disasters).
- You can find elegance in all the details of the project, as it conforms to modern standards in engineering design, both externally and internally.
- The presence of fraud and deception is unlikely as the apartments are delivered to their owners at the agreed time without any delay. Also, this project cannot go bankrupt or face any such danger.
- The projects that are guaranteed by the Turkish government occupy strategic and often vital locations, and are attached to many special services such as hospitals / schools / mosques / sports clubs / recreational clubs and others.
- It is worth noting that real estate prices that are guaranteed by the Turkish government are appropriate and distinctive. It has played an important role in balancing real estate prices in Turkey, in contrast to what is witnessed in real estate in European countries or in the United States of America.
Does what characterizes the projects that are guaranteed by the Turkish government negate the importance of private projects?
Certainly, praise for the projects that are guaranteed by the Turkish government does not negate the importance of private projects, as the latter also evaluates its projects according to high quality and great distinction.
It also follows international standards and you can find that there is competition between construction companies in order to provide the best and most distinguished. But you find that foreigners prefer the first option in order not to be the victim of any manipulations. In order to avoid falling into the real estate fraud trap due to their lack of extensive knowledge and experience in the Turkish real estate market.
It also follows international standards and you can find that there is competition between construction companies in order to provide the best and most distinguished. But you find that foreigners prefer the first option in order not to be the victim of any manipulations. In order to avoid falling into the real estate fraud trap due to their lack of extensive knowledge and experience in the Turkish real estate market.
What is the secret behind the rush of many foreigners to buy real estate in Turkey?
There are four main goals that drive all these numbers around the world to search for apartments for sale in Turkey, which are:
- Turkey is an ideal environment for housing and stability, as it contains all the elements of a typical life.
- There are those who chose to invest in real estate in order to reach high and rewarding returns.
- Obtaining a real estate residence permit, which is considered one of the most important residence permits in Turkey as a result of the privileges it provides to its holder.
- Obtaining Turkish citizenship has become a dream for many investors around the world, given the privileges it offers them.
Whatever your choice in Turkey, it is definitely a successful experience, and the experiences of many investors and foreigners around the world have proven this.
- Turkey is an ideal environment for housing and stability, as it contains all the elements of a typical life.
- There are those who chose to invest in real estate in order to reach high and rewarding returns.
- Obtaining a real estate residence permit, which is considered one of the most important residence permits in Turkey as a result of the privileges it provides to its holder.
- Obtaining Turkish citizenship has become a dream for many investors around the world, given the privileges it offers them.
Whatever your choice in Turkey, it is definitely a successful experience, and the experiences of many investors and foreigners around the world have proven this.
Edited by Mersat Real Estate Team©
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