Advantages of buying apartments in Istanbul in installments

Advantages of buying apartments in Istanbul in installments

The advantages of buying apartments in Istanbul in installments is one of the most important options for owning real estate in Turkey, as well as being a successful financing option, which can help you own real estate apartments in installments, by paying a down payment of the property price, and then paying the rest of the payments in installments In the periods specified between the buyer and the seller, and these payments are multiple and are required to be paid over long periods of up to ten years.

The installment offers were one of the reasons that prompted investors to prefer buying property in Turkey, as it occupies a strategic location located on the world map, making it a destination for investors and tourists from all directions.

Foreigners buying a property in installments in Istanbul:

Any foreign person living in Turkey has the right to own a property in installments, without any restrictions preventing him from doing so, and there is no limit to the amount that can be purchased, as he can buy the cheapest and most expensive apartments in installments without any restrictions or limits.

It is only necessary to agree between the buyer and the construction company or with the bank that handles the real estate financing process through the agreed basics of the contract, and to determine the first payment, and also to specify the number of other payments and the value of each unit of them, and the time period in which the payment is made.

Buying apartments in Istanbul in installments:

Within Turkey, it is allowed to grant citizenship through real estate investment, and there have been many amendments to the Turkish citizenship law in the matter of buying apartments in installments.

 There were no contracts for apartments in installments in the past, but some minor amendments were made recently to the law, where it is allowed to grant citizenship to those who buy apartments in installments, provided that the first payment is equal to 400,000 US dollars as a minimum.

Benefits of buying apartments in Istanbul in installments:

The most important benefit of buying apartments in Istanbul in installments is to have the opportunity to own a property that you do not have at the moment the necessary amount to buy, so you pay the first payment and then pay the rest of the other payments in parts.

Also, in some apartments, you can get an installment period ranging from 3 to 10 years, so that you have obtained your property before the period that it may take to purchase a property with direct payment.

There are other benefits associated with payment methods and payments, and a number of construction companies in Turkey offer discounts, if the first payment is greater than “50%,” and offer discounts if the buyer pays the installments in one go.

Ways to buy installment apartments in Istanbul:

There are several methods that can be followed in order to obtain apartments in installments, and we will learn about them in the following paragraphs. Follow us.

1- Buying directly from the construction company:

This is done after organizing a formal contract of sale between the buyer and the construction company, through which the price of the apartment, the value of the payment and the time period for completing the installments are determined.

The buyer must be obligated to submit the payments on the specified dates and according to the agreed upon.

 Construction companies offer the option of selling apartments in installments in the event that they are under construction, especially during the early stages of construction.

The closer the date on which the apartment is delivered to the buyer, the higher the price will be. The value of the first payment for the apartment varies according to the real estate offer submitted by the buyer or the value of the apartment. It is usual that the normal first payment is 35%, But the higher the down payment amount, the lower the total price.

2- Purchasing through bank loans:

Applying for a real estate loan from banks is a good option, as the bank buys the property and then sells it to the buyer again, and puts a mortgage sign on the contract, then the sign is raised after all the installments are paid, and in most cases, the first installment must be paid, which ranges between 30 to 40 % of the apartment amount, the installments are mostly monthly, and relatively less than the installments of buying apartments in installments directly from real estate companies.

The reason for this is that banks set long periods until the installments are paid, and these installments range between 5 to 10 years.

The price of the apartment from the bank is higher than its real price, and this is one of the main reasons why the reliance on mortgages in Turkey in order to buy real estate in installments is less.

Buying apartments in Istanbul in installments:

Buying apartments in a project under construction within a vital and strategic area and then selling them after the completion of this real estate project at a higher price will make you start the real estate investment process with ease.

The most preoccupation for investors during the current periods is the search for apartments for sale in installments in Istanbul under construction.

Now you can buy an apartment in an under-finished project, then you can finish it completely, and then rent it out for a fixed monthly return that you get from the tenant.

Also, you can buy an old and dilapidated apartment and then renovate and develop it and then sell it, which leads to a multifold increase in its price and also easily obtain profits.

 Tips to adhere to when buying apartments in installments:

If you want to buy apartments for sale in Istanbul in installments, you must know the various ways available to buy and the most important tips necessary for the success of the purchase process.

* Foreigners have the right to buy apartments in installments, and there are no restrictions preventing the completion of the purchase process.

* There is no limit to the amount, so you can buy the cheapest apartments in installments.

*There are two ways to buy apartments in installments, either buying apartments directly through the construction company and by writing a sale and purchase contract between the buyer and the construction company, or buying a property through a loan from the bank.

Buying apartments in installments in Istanbul for investment:

There are many, many opportunities in real estate investment, which are reflected in the discounted real estate prices that are suitable for you, as you get the right choices for you from apartments for sale in installments in Istanbul in the best buying areas.

Depending on your choice of coastal, sea-view, rural, or downtown, there are many and varied options for real estate investment and the purchase of apartments in installments in the most prestigious neighborhoods (Sariyer, Sisli, Ka??thna, and Bassin Express).

 When looking for apartments in installments in Istanbul, do not focus on the famous areas only, but you should head to the investment or continuously growing areas such as: Ba?ak?ehir, Beylikdüzü, and Bahçe?ehir.

You must also specify the desired aspects of the city within the Asian section or within the European section.

Each section has many advantages, but it is recommended to buy apartments in installments on the European side due to its vitality and the diversity of opportunities available there.

Advantages of apartments in installments in Istanbul

_ temperate climate in all seasons,

_ And a distinctive strategic location for Istanbul, as it connects two continents, and the presence of a comprehensive and easy transportation network that connects you to all aspects of the city.

 _ The Turkish government and its great support for real estate projects, to facilitate this for foreigners, and to provide many projects and offers available for sale.

And here we have come to the end of our topic in which we told you about the advantages of buying apartments in Istanbul in installments, and we hope that we have provided you with all the information related to this important topic for everyone who is about to own real estate in Turkey.