After the significant growth of the real estate investment movement in Turkey and the increased competition between construction companies to provide special offers to attract investors, including ownership through installment purchase, people with limited incomes and people who have difficulty saving in this way found a golden opportunity to enter real estate investment in Turkey or obtain On a house in Turkey in comfortable installments.
Can a foreigner buy a property in installments in Turkey?
Yes, a foreigner can buy a property in installments in Turkey without any restrictions preventing him from doing so, as a contract is signed between the buyer and the construction company in which the price of the property is determined, the first payment is determined, the value of the remaining installments, and the date of payment.
How can I buy a property in installments in Turkey?
There are two ways to buy a property in installments in Turkey
The first method: direct purchase from the construction company: where an official contract of sale is established between the construction company and the buyer, in which the price of the property is determined, the value of the payments is determined, the dates of payments are determined by the buyer and the date of delivery by the construction company, and the value of the first payment is determined (usually between 30% - 40%) and it varies from one company to another according to the offer you make.
The second method: Purchasing through a bank loan: the bank buys real estate from some construction companies and then offers them for sale in monthly installments whose value is less than the value of the installments of the construction company and with repayment periods greater than the periods set by the construction company, but at a price higher than the price offered by the company. A mortgage on it that can only be removed by paying the full price of the property. Most employees and people with limited income resort to this method.