For those wishing to purchase housing in Turkey, information about the possibility of paying in installments often comes as a pleasant surprise. This option is very common in Turkey, although many buyers are unaware of it.
The installment plan from the developer is a very profitable and convenient way of lending to buyers of real estate in Turkey.
The convenience of installments is that you do not need to pay the entire amount immediately. Most often, it is given to the buyer for a period of six months to 3 years, depending on what stage of construction the object is at at the time of the transaction.
In facilities under construction, the payment periods are usually longer than in ready-made houses. The initial payment is on average 30% of the total cost of the object, but everything is individual and depends on the developer.
The main advantages of buying real estate in Turkey in installments:
First of all, the simplicity of the design. To formalize and sign the contract, it is enough to have a passport with you and make an initial payment.
There are no age restrictions for the registration of installments, any adult citizen of a foreign country (of those who are allowed to purchase real estate in Turkey) can do this.
The contract is drawn up respecting the interests of both parties, and the future owner can choose the dates on which he will make the payment. Usually, developers always meet customers halfway, and there is always an opportunity to agree on a deadline and an initial payment.
Well, perhaps the most important advantage of installments, unlike any type of loan, the buyer will not need to overpay for the purchase.
Installments are a clear and simple, as well as a convenient and profitable system for buying real estate in Turkey.
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