Real estate in Turkey in Installments
- 27 October 2023
Turkey is a country that attracts many foreign investors with its beautiful landscapes, rich history and attractive real estate prices. However, buying a property abroad can be expensive, especially if you do not have the necessary amount right away. In this case, buying a property in installments can be an excellent solution.
Buying a property in installments in Turkey is a process in which the buyer makes an initial payment (usually about 30-50% of the total cost), and the balance is paid within a certain period of time. This period can vary from several months to several years, depending on the conditions proposed by the developer or real estate agency.
The advantage is that buyers can start using their property immediately after making the initial payment, even if they have not yet paid it in full. This is especially convenient for those who want to use the property for vacation or rental.
It is also worth noting that in Turkey there are no strict credit checks or income requirements for the purchase of real estate in installments, which makes this process more accessible to foreign buyers. However, buyers should be prepared to provide proof of their ability to pay the remaining value of the property in due time.
When buying, it is important to carefully study the terms of the transaction. Some developers or agencies may charge interest for the purchase in installments, so it is important to clarify all the details before signing the contract. It is also recommended to contact an independent lawyer who will help you understand all the conditions and obligations.
In general, buying real estate in installments in Turkey is a great opportunity for those who want to invest money in real estate abroad, but do not have the necessary amount right away. With the right approach and careful planning, this can be a profitable investment and a great way to enjoy the beauty of Turkey.
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