Searching for residential apartments for sale in Türkiye in installments

The search for apartments for sale in Turkey in installments is an idea that wanders in the minds of everyone who wishes to obtain a suitable property for him in one of the cities of Turkey with the advantage of payment flexibility, which allows him to pay part of the apartment amount and the rest in installments monthly over a specific period to be agreed upon.

If you want to learn more about how to buy an apartment in installments, Skyline Real Estate will introduce you to the most important conditions and documents required, and what areas you can own through the installment system at the cheapest prices.

We wish you a good follow-up and a useful reading.

Apartments for sale in Turkey in installments - required conditions

Turkish law did not impose any conditions on the investor who wishes to own a property in Turkey in installments, as all the buyer has to do when choosing the appropriate property is to prepare the required papers, which are often the following:

• A copy of the title deed "title deed".
• A real estate registration statement document, extracted from the municipality of the region and showing the location of the property and the tax number.
• Passport translated into Turkish and certified by a notary public
• 4 personal photos.

After completing all the transaction procedures, the purchase contract is signed and the first payment is submitted to the property owner, after which the buyer submits a request to the competent authorities to transfer ownership.

Read also:

Reasons for the rise in real estate prices in Turkey 2022.

Foreigners' ownership law in Turkey.

What are the ways to buy a property in Turkey in installments?

When searching for apartments for sale in Turkey in installments, you will find that there are several ways to help you own a property in installments, as follows:

Buying an apartment in installments from a real estate company

In this method, the apartment is purchased directly from the real estate company, by organizing a direct sale contract between the real estate company and the buyer, which includes some conditions according to the condition of the apartment, and it is also mentioned whether the apartment is ready for delivery or is still under construction, and the value of the financial payments and how to distribute them over the time period during which payment must be due.

Buying an apartment in installments through the bank

This method depends on taking a loan from a Turkish bank with the value of the apartment, so that the bank makes the purchase instead of the buyer and records all the information in the name of the apartment investor, noting in the contract that the apartment is mortgaged by the bank until the full payments due are paid, and then the mortgage is removed.

It is worth noting that the most distinctive feature of this method is the low value of the installments to be paid monthly compared to other methods, in addition to the length of the period specified for and payment of installments, which often starts with five years and reaches up to 10 years, but it also carries one negative in which it differs from the rest of the methods, which is the high price of the property.

Buying an Apartment Under Construction in Installments

It is a suitable method for people with a limited budget, who are looking for apartments for sale in Turkey in installments at an acceptable price or who want to own a property in the long term, as they can find their demand within the projects that are under construction, which often have low and attractive prices, so it is a highly desirable way by foreign investors in Turkey.

Where are cheap apartments for sale in Turkey in installments?

You can own any apartment in installments in various cities of Turkey, but if you are looking for an apartment at an acceptable price so that the down payment is not large in addition to a reasonable monthly installment value that you can afford to pay, we advise you to search for apartments for sale in Turkey in installments in these areas:

Başakşehir

This area is located in the European part of Istanbul, and it is considered one of the newly created areas, so it is characterized by a very developed urban organization.

The Başakşehir area includes very large green spaces and is rich in various types of trees, the most important of which are cypress and pine trees widely, and it is also characterized by its proximity to Istanbul's new third airport, and its proximity to the Istanbul Water Canal, in addition to being one of the quiet areas very suitable for stability, especially as it provides many services such as health, educational, recreational and transportation centers. Etc.

The prices of apartments in this area are lower than other areas of Istanbul, for example, the cost of buying a 3-room apartment in the center of Istanbul is $ 200,000, while the cost of buying the same apartment and perhaps with better quality in the Basaksehir area is $ 125,000.

Therefore, we advise you to own an apartment in this area, especially since even the installment system is convenient, and the value of the down payment is often between 30% to 40% of the property value.

Antalya

Antalya is located on the Turkish Mediterranean coast, so it is considered a coastal area that enjoys a charming nature as it is called the "city of citrus", because it produces tons of lemons and oranges every year, and it is witnessing a great demand by foreign investors because it has many advantages, the most important of which are its warm climate in winter, the cheap cost of living, and its large markets and many important tourist places such as the Köprülü Valley, the Old City, and others, not to mention the quality of health and educational services in it.

Foreigners can own an apartment in Antalya in convenient installments, where the value of the first payment is 50% of the value of the apartment, and the rest of the amount is distributed in installments to be paid over 12 months or 24 months, according to what is agreed upon between the seller and the buyer.

Apartment prices in this city start from $47,000 and above.

It is worth noting that cheap and comfortable apartments in installments are not limited to these two areas, but you can find cheap real estate in various regions of Turkey if you search well.

Thus, we have mentioned that you need to know about apartments for sale in Turkey in installments, let's now move on to talk about the advantages of owning an apartment in Turkey.

What are the most important advantages of owning an apartment in Turkey in installments?

The Turkish government encourages real estate investment on its territory, and Turkey has witnessed in recent years a renaissance in this sector, especially after it was approved to grant foreign investors the possibility of owning an apartment in Turkey in convenient installments that may extend up to 240 months, in addition to granting everyone who owns a property in Turkey the following advantages:

• The possibility of obtaining Turkish citizenship and Turkish passport.
• Obtaining real estate residency for the investor, his wife and children.
• Ensure a profitable ROI when reselling or renting the property.
• Facilitating livelihoods in Turkey.
• Create the opportunity to study children in schools and universities of high teaching quality.

Read also:

 Başakşehir district in Istanbul

 Beylikdüzü District

Here we reach the end of our article, which was about "apartments for sale in Turkey in installments", where Skyline Real Estate mentioned to you what you should know about this topic, including the conditions of ownership in installments and where the cheapest apartments are located in Turkey.