Why it is worth buying an apartment in a residential complex under construction in Turkey

In 2022, Turkish real estate has become the most popular among foreigners. In 2022, almost 14 thousand European citizens acquired residences in this country, coming out on top in the number of foreign investors. Many people dream of property for sale with sea view in Turkey today because it can be purchased at a bargain price and even in installments, as well as obtaining a residence permit or citizenship, depending on the buyer’s needs. Or buy highly liquid housing and rent it out.

You can get an installment plan from the developer

Construction companies in Turkey at the construction stage allow you to pay only part of the amount at once. Foreigners can also agree with the developer on installments. In this case, the standard practice is to pay from 20 to 50% of the cost of housing as a down payment. Developers allow the remaining amount to be stretched until the end of construction or for several years. If you draw up an agreement at the planning stage, you can pay the amount in installments over 2-3 years.

You can select the desired unit

Even though thousands of properties are offered in Turkey, choosing the best option for yourself can be challenging, especially when it comes to popular or exclusive apartment options. If you find a project in which apartments will soon be sold, or they have only recently begun to be offered, then there is a great chance to buy exactly the desired object and not choose from the rest.

For example, the most popular apartments in Turkey are 2 + 1 options, so they are sold out the fastest.

You can get citizenship or a residence permit

If the buyer wants to stay in Turkey, the residences in the projects under construction will solve this problem. So, when buying apartments costing from $75,000 and, in some areas – $50,000, the property owner can apply for a residence permit. Since you can’t find cheaper objects in residential complexes under construction, this is a nice addition to the property.

There is also an investment program in Turkey. From 2022, the required amount threshold is $400,000. It is enough to purchase real estate for this amount to obtain Turkish citizenship. Many residences in complexes under construction fit this parameter, so they will allow you to get a second passport.

Start selecting real estate in a residential complex under construction today. Turk.Estate specialists will tell you about the offers from developers and real estate agencies

For example, Istanbul is rapidly gaining popularity

The incredibly favorable location of Istanbul attracts investors from all over the world, including citizens from the CIS countries. The prestigious metropolis is in the world’s top 10 most visited cities, so the demand for real estate here is always high. Both commercial and residential properties are considered highly liquid assets and bring to their owners a stable rental income or a solid profit on resale.

Every year, the cost of square meters in Istanbul increases, guaranteeing a return on investment. And if earlier Turkish real estate was steadily rising in price by 10-15% yearly, then over the past year, the price increase was more than 230% in liars. Moreover, the provinces of Istanbul occupy a leading position in the real estate price growth statistics. Of course, this state of affairs promises great benefits in buying real estate, and the number of foreign investors, is rapidly increasing.

Istanbul is an amazing and colorful city, open to new opportunities and suitable for comfortable living. This is no longer quite a Turkish metropolis; many English-speaking citizens live here. Residential and commercial property prices vary by region. When deciding to buy property in Istanbul, you should consider the area’s location, the availability of social infrastructure, transport interchange, and the living conditions of people nearby.

You can get a good price

You can buy an apartment in the country at any stage of construction, starting from planning. It is most profitable to buy residences in Turkey, not in ready-made houses but in those under construction. In this case, if you purchase housing at the planning stage, you can save up to 30% of the cost of housing.

In Turkey, buyers are protected by laws from unscrupulous developers. But still pay attention to the construction company. Check how many units it has handed over and what quality they are. This will allow you to invest money and wait for the completion of construction without worries.

According to Turk.Estate, today, you can buy apartments in a premium residential complex under construction with amenities from $107,500.