Purchasing off-plan Turkish real estate offers numerous advantages. There are advantages and disadvantages, but the benefits always outweigh the disadvantages. There is no denying that the opportunity to enter Turkey’s real estate market shines brightly in the eyes of many foreigners who, after delving deeply into the world of real estate in Turkey, have many unanswered questions.
Will I choose a ready-to-move-in property or one that is still being built? What is the difference between a key-ready property and a property under construction, which we have addressed in this article? There are many questions, and our goal is to provide answers and facilitate finding a suitable property in Turkey for sale.
Your real estate representative
Your experienced real estate agent will show you around this vast world and explain the legal and practical grounds that will help you avoid becoming a victim of fraud. This agent will be available to assist you at any moment with the information or services you require. As always please use the services of a reputable solicitor, who can handle the legal work for you and look after your best interest when purchasing Turkish property.
Many purchasers are looking for ready-to-move-in property in Turkey that has already been created and completed. A group of Turkish property hunters looks for Turkish flats that are still under construction because they want to take advantage of many of the benefits of buying a home while it is still being built.
Benefits of purchasing a Turkish property that is under construction
Buying a building under construction appears to be a popular investment option among Turkey’s real estate pioneers. These properties are frequently less expensive than ready-made ones, allowing the buyer to choose an apartment in a better area and location for a lower price.
The buyer can also determine the needs of his flat, select the type and quality of finishing, and partition the house as he sees fit. A building property is typically purchased in installments, making it easier for the buyer to acquire safely over time.
The disadvantages of purchasing a Turkish house that is still under construction
The disadvantage of purchasing this property type is that the buyer has effectively frozen their funds for a longer length of time by first waiting for the home to be delivered.
It’s not surprising that making this type of purchase could result in a negative outcome at the time of delivery. The buyer is taken aback when problems in construction or cladding become apparent after the job is completed, as this phase is still speculative. You buy a house without first seeing it.
This is beneficial information
Please do not pay the whole amount of the property until it is received and completed, but make timely payments for what was developed. When purchasing property in government-backed initiatives, make sure you buy from established and trustworthy real estate firms.
Consult the real estate agent and other professionals before signing the contract. Would you please make your property site inspections to ensure that it is suitable for you, particularly in terms of closeness to public transportation and services?
Keep your money safe
Write down everything you want to remember in the purchasing contract, and make a list of all the details agreed upon, such as the area, the number of rooms, venue, price, payments, and delivery date. To protect your rights, include a penalty clause if the building company fails to deliver the property on time.
If you detect a shortage or a breach of the conditions agreed upon between you and the building business when the property is delivered, do not hesitate to object.