Istanbul offers promising opportunities for those wishing to secure housing and profitable real estate investment, including buying and selling homes, and housing in cash and in installments, making the search for apartments for sale in Istanbul during 2022 an option for those wishing to own and invest. In the Turkish real estate market, there are currently a number of offers on real estate projects that facilitate the ownership of investors with the highest possible profit. Ranging from easy installments up to 20 years to start paying in 2022 with a down payment, in addition to projects that give the possibility of installments without additional interests. Installment is not exclusive to local investors, but there are also installment plans for foreigners. When you decide to buy a house in Istanbul, you will have a wide range of choices in the best areas of the city, such as Beylikduzu, Bahcesehir, and Basaksehir...
Selling houses to foreigners will be at the top of the list of real estate development tools in the Istanbul real estate market during the coming period, by facilitating the purchase of apartments and reducing routine procedures, in addition to granting the possibility of easy installments to foreign investors, in addition to the advantages offered by the Turkish state to those wishing to invest, such as exempting them from taxes and granting them exceptional Turkish citizenship if they own a property of a specific value.
The best areas to find houses for sale in Turkey Istanbul in installments 2022
The answer to this question varies according to the time, place and budget of the investment, but there is no doubt that the houses overlooking the sea top the list, and they are on the increase, and the houses under construction have their own advantages in the price terms linked to the budget, of course, and the time allotted for the investment cycle is also taken into account, and even the value of the first possible payment, as well as the value of the appropriate monthly installment.
The projects that the government is building in Turkey, such as the collective housing projects related to the Presidency of the Council of Ministers, are among the most appropriate projects that can be owned, in addition to that these projects are of high quality in terms of materials used, and can be paid in installments close to cash prices.
Installments at the construction price are a common form of lending to foreign nationals in Turkey. Often property buyers do not have the ability to raise a large amount of money for the price of the purchased property to pay for it quickly, or do not want to spend all their savings right away. In this case, Turkish real estate developers often go to meet clients who offer payment in installments of up to 5 years.
How are houses for sale in Istanbul offered in installments?
If the option to purchase real estate in installments with a maturity of between 2 and 5 years is offered, some interest will usually be charged. The interest rate on the installments is always lower than the common interest rate for mortgage loans in Turkey, is determined in consultation with the developer, and is specified in the purchase contract. The big advantage , when buying a property via an installment plan , is that there is no need for additional collateral or proof of income. Another benefit of this system , as opposed to getting a mortgage , is that no additional fees will be charged.
Acquisition of real estate in installments in Turkey is a common practice in off-plan investments; As well as for projects under construction, in addition to prefabricated buildings. In fact, some developers in Turkey offer the possibility of buying in installments even for an off-plan real estate investment. The reason they do this is very simple: first, they don't need large amounts of money right away; Secondly, they want to give incentives to investors by giving them the possibility to buy real estate in installments.
Reasons for offering homes for sale in Istanbul in installments
The project developer needs capital to finance the creation of his new project. Of course, the total amount is not needed immediately at the beginning of construction. Besides, he wants to make his property as attractive as possible to potential buyers and investors. Therefore, he decided to offer a number of apartments with the possibility of paying in installments. In this example, we are talking about an off-plan investment in an apartment of €95,000 (the sale price of the finished apartment), which is now selling for €75,000, plus the option to pay in installments..
In this case, €30,000 will have to be paid up front - in general, the first deposit is 40% of the purchase price - and the remaining €45,000 will have to be paid in monthly installments. If this occurs, for example, in 12 monthly installments of €3,750; No interest will be charged. So, in this case, we have free premiums.
If the installment term exceeds one year, some interest is usually charged. This is not always the case, sometimes developers offer free installments over more than a year. When the project ends - e.g. after two years - you can rent it out or resell it at the expected selling price of €95,000; Which in many cases will already be higher due to the increased demand.
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