The process of buying homes for sale in installments in Turkey is one of the most important options offered to investors, citizens, and foreigners in Turkey, as this option is considered a successful option, helping you to own the home with a deferred sale contract, on the basis of which you provide an initial payment of the home price, and pay the rest in installments during agreed periods.
Owning a property in installments in Turkey
Turkish law allows foreigners to buy real estate and homes within Turkish territory through the installment system, and there are no restrictions preventing this. You can agree with the buyer or real estate company that will take over the financing on the basics of the contract, specifying the initial payment, the number of other payments that will be provided, and also the time period Which is agreed upon between you and the company.
And fortunately for you, the offers of homes in installments from Fanar Realty are very many and distinguished, and from within the most prestigious residential complexes, we also have homes with distinct payments and comfortable installments, which allows you to move towards achieving your dream of owning in Turkey with confidence
Benefits of buying a home in installments in Turkey
The process of buying homes in Turkey through the installment system is one of the most important ways to obtain a property at the present time by providing an initial payment of the amount and paying the rest in installments. There are many benefits from buying a home in installments in Turkey, the most important of which are:
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A large group of companies in Turkey offers discounts on home prices when displaying advertisements for homes for sale in installments in Turkey.
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Companies offer discounts in case the customer wants to pay the remaining installments on him once.
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You can get a property without paying the full amount.
Should I buy a home with cash or in installments?
The installment sales system is one of the methods used at the present time and preferred by many people, as it has many advantages, the most important of which are the following:
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Helping people who do not have money to offer to the seller as a one-time payment when buying homes, as if a person wants to own a home or property, the price is an obstacle between him and owning the property; Because he cannot pay in cash, so he can use the installment system, as it is the appropriate solution that helps him to own the property with monthly installments according to the agreed period between the seller and the buyer.
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Flexibility, selling homes in installments in Turkey is unlike the cash sales system, where the buyer is allowed to agree with the seller on the period of payment of installments on the specified dates without being bound by a specific date and can obtain a grace period on the dates of payment of installments.
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An open budget, a person who wants to buy a home can pay half of the amount and invest the second part in more than one area while keeping the installment payments on time.
But the installment sale has some disadvantages, the most important of which is the financial instability, where there are times when a person does not have money to pay the installments of the property, so anxiety and tension control him, in addition to the benefits that are sometimes greatly exaggerated, but the offers of homes for sale in installments in Turkey remains the preferred method for many people.
The best states to own homes in installments in Turkey
Here is a breakdown of the most important Turkish states that always offer the best offers for homes for sale in installments in Turkey:
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Istanbul is always at the fore
Istanbul comes in the first place as the best Turkish state to own homes in installments, which offers homes for sale in installments in Turkey, for those who want to own a property, as this city is distinguished as a major economic and tourist center in the country,
It is also characterized by picturesque locations and wonderful views, and the real estate sector appears significantly through the establishment of many mega projects in it, as the demand for buying real estate in Turkey is encouraged by foreign investors and local residents.
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Antalya is in second place
Antalya, this city is known as the pearl of the Mediterranean and has a great reputation, as it is characterized by stunning scenery, and the real estate market in Antalya is expanding significantly, and it also offers many options for investors, and you can get a home or property in it in installments, as it offers many investment opportunities.
The city of Bursa is in the third place, where many people want to get a property or an apartment in this city, where the Ottoman architecture, large baths, and hot springs, and offers real estate at cheap prices starting from 45 thousand dollars, and there is also a road linking Istanbul and Bursa, It is the most profitable place in the real estate market.
Payment methods and installments payment period
The process of selling homes in installments in Turkey is done through organizing a contract between the seller and the buyer or between the company specialized in real estate and the buyer, in which the price, the value of the payments, and the time period are determined. Through this contract, the buyer can pay the installments on the specified dates and at the value agreed upon between the seller and buyer or between the company and the buyer.
Where the company lists the items that were agreed upon in the contract in the event that the property is under construction and will be delivered ready to work on the specified and agreed time, and a number of companies in Turkey follow the installment sales system and submit advertisements for homes for sale in installments in Turkey when the property is in stages Its first construction, and this is in order for companies to benefit from the initial payments provided by customers in completing the construction.
The value of the first payment of funds varies depending on the company and the offers it offers, but usually, the first payment is 35 percent, and the higher the first payment, the lower the total amount
Turkish citizenship and buying homes in installments
Turkish laws allow a person to obtain Turkish citizenship through real estate ownership and investment, as this matter did not exist before in Turkish laws, but after making a number of amendments to these laws regarding the purchase of a real estate in installments.
Where foreigners can obtain Turkish citizenship when buying real estate in installments, provided that the first payment is equal to 250 thousand US dollars, this option is considered for people who buy luxury hotels in Turkey through the installment system or buy palaces and historical places.
As for real estate, the first payment must be less than 250 thousand dollars, and a person can wait for the period of payment of installments that exceed 250 thousand of the value of the property until he can obtain Turkish citizenship.
Note: You can start the procedures for obtaining Turkish citizenship if you paid the first installment of 250 thousand US dollars, without waiting until the purchase of the entire home is completed, and pay all the remaining installments.
We help you to own a home in installments in Turkey
We, through Fanar Company, will help you provide the best offers for homes for sale in installments in Turkey, where you can follow our website to learn about everything related to homes for sale in installments in Turkey.
In this way, we have provided you with everything related to homes for sale in installments in Turkey, and the importance of buying a home in installments for people whose circumstances do not enable them to buy a home with cash.
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