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Property in instalments

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Residential complex with 0% installments 800m from the sea in Avsallar. 42m2 -120m2 photos 1

Instalment plan

Residential complex with 0% installments 800m from the sea in Avsallar. 42m2 -120m2

Alanya, Avsallar

Rooms:1+1,2+1,3+1

Area: 42-120 m2

ID:6910

125 500
The last apartments in the residential complex with a good location in Avsallar. 105m2 - 158m2 photos 1

Instalment plan

from 150 000
A project with an advantageous location and good layouts. 60m2 - 110m2 photos 1

Instalment plan

A project with an advantageous location and good layouts. 60m2 - 110m2

Alanya, Mahmutlar

Rooms:1+1,2+1

Area: 60-110 m2

ID:6895

from 130 000
A cozy small complex of comfort class in Mahmutlar. 53m2 - 118.3m2 photos 1

Instalment plan

A cozy small complex of comfort class in Mahmutlar. 53m2 - 118.3m2

Alanya, Mahmutlar

Rooms:1+1,2+1,3+1

Area: 53-118 m2

ID:6890

from 115 000
New boutique project in the elite and developing area of Kestel. 42.5m2 - 154m2 photos 1

Instalment plan

New boutique project in the elite and developing area of Kestel. 42.5m2 - 154m2

Alanya, Kestel

Rooms:1+1,2+1,3+1,4+1

Area: 42.5-154m2 m2

ID:6888

from 176 000
Exclusive luxury real estate project in Tepe Alanya. 162m2 - 224m2 photos 1

Instalment plan

Exclusive luxury real estate project in Tepe Alanya. 162m2 - 224m2

Alanya, Centre

Rooms:3+1,2+1,4+1

Area: 162m2-224m2 m2

ID:6886

from 495 000
New residential complex in shared construction next to the coniferous forest and the sea. 43m2 -95.5m2 photos 1

Instalment plan

from 92 000
A luxurious multifunctional complex of apartments and townhouses in the Kargicak area. 50m2 -169m2 photos 1

Instalment plan

from 160 000
New investment project in Demirtas. 49m2 - 138m2 photos 1

Instalment plan

New investment project in Demirtas. 49m2 - 138m2

Alanya, Demirtaš

Rooms:1+1,2+1

Area: 49m2-138m2 m2

ID:6878

from 128 000
New luxury project in Payallar area. 61m2 -155m2 photos 1

Instalment plan

New luxury project in Payallar area. 61m2 -155m2

Alanya, Payals

Rooms:1+1,2+1,3+1

Area: 61-155 m2

ID:6863

from 108 500

Buying real estate in Turkey in instalments

Turkey is a beautiful, colourful, and friendly country. Today it is, without exaggeration, extremely popular among foreigners. Groups of joyful tourists flood the streets during the season. The number of visitors is growing every year, as the country offers affordable prices, a good climate, beautiful nature, and high-quality service. Many foreign citizens strive to become real estate owners in Turkey to have a cozy place to live and relax. When buying an apartment, the owner automatically acquires a residential permit and can also apply for citizenship. Some owners rent out their living space and gain a stable income that covers all the maintenance expenses for the house.

Real estate prices in Turkey are very reasonable, and a large selection allows you to find the most suitable real estate in all respects. The cost of modern real estate in the resort depends on several factors: location, size, layout, new or old housing stock, stage of construction, and others. Is it possible to buy an apartment in Turkey inexpensively? Certainly yes. There are several options: the secondary market, purchase under construction, and instalment plan.

Buying property in Turkey in instalments

In the Republic of Turkey, the practice of buying real estate in instalments is very popular. Such a scheme has been working for a long time and has clear regulations. More than half of real estate in the country is sold in instalments. While the real estate is under construction, the buyer pays the agreed amount in instalments, and by the time of commissioning, the amount has been paid.

What is payment in instalments? It is an opportunity to pay the owner in instalments. Unlike bank loans, no interest is charged. This method of purchase can be used in any area of the country, whether it be Alanya, Antalya, or other cities that are interesting in terms of capital investment. Construction companies are happy to offer an instalment deal to foreigners, as they can immediately use the money for construction and reduce the risk that the apartments will not sell. Although, on the verge of the country's popularity, this situation is impossible to imagine.

Depending on the developer, the payment period for real estate is also limited. As a rule, it is from six months to five years. It is easier to agree on an extended payment period in a residential estate under construction than in a ready-to-move-in building. There is also down payment. The average amount is about 30% of the total cost. Legally, the whole process is secured by the signing of a preliminary contract in the presence of a notary, where all conditions are prescribed. It is important to comply with the requirements of the agreement so that you do not have to pay interest and other penalties. The main document confirming the right of ownership is TAPU. It is issued after the full repayment is made. However, many developers practice an option when TAPU with an encumbrance is issued after 60% of the cost is paid. Developers are more interested in foreign investors, so you can always negotiate mutually beneficial terms. Money can be deposited from anywhere in the world.

Instalment plan in Turkey,  the main advantages:

  • Simplicity. To sign a preliminary contract, you need only your passport.
  • No big restrictions. So, any citizen of a foreign country from the list of officially permitted countries can apply for an instalment plan.
  • During negotiations, the dates for instalment payments convenient for the payer are specified.
  • No interest charges.
  • Opportunity to negotiate the timing for interest-free payment for real estate and the amount of the down payment.

If you want to buy an apartment in Turkey in instalments, contact the Status Property agency. We offer a wide and up-to-date database of Turkish real estate and have personal agreements with reliable construction companies in the most popular resort areas of the country. Status Property team is ready to provide comprehensive qualified consulting assistance to our clients, a free inspection tour, and negotiate the best conditions from the developer. Contact us, and we will find the best apartments for you.