Last Updated on August 29, 2023 by marie
You may have thought of buying an off-plan property if you’re interested in investing in the Turkish real estate market. Let’s start by defining an off-plan property. A property that has been purchased off-plan is one that has not yet been built. So, purchasers have a variety of designs and layouts to choose from when choosing a property. You can personalize your property if you purchase off-plan real estate. Property that is purchased off-plan is purchased in an unfinished state. You will therefore need to wait till your house is ready and finished.
In Turkey, buying off-plan real estate entails getting a house before it is finished. It can be a fantastic method to break into the Turkish real estate market. We’ll look more closely at the advantages of buying off-plan real estate in Turkey in this article.
Advantages of Buying Off-Plan Property in Turkey
Purchasing a home in Turkey off-plan provides a number of advantages:
Fair Cost
The majority of people are still able to purchase properties at reasonable prices because the Turkish real estate industry is still growing. You will save money by buying now because prices will only increase in the future. In an effort to sell as many apartments as possible before construction begins, developers frequently offer discounts on their newest developments.
Create Your Ideal Residence
When you buy off-plan real estate in Turkey, you have complete control over the design and production processes. There won’t be any unpleasant surprises during or after the building of your new home, so you don’t have to worry about them.
Many Different Building Styles and Floor Plans
The real estate industry in Turkey today offers a wide range of building types and floor plans. Select the one that best satisfies your needs, and if required, alter it or change it later.
Optional Mortgages
It is simpler for you to finance your buy if you can get a mortgage at a price lower than the final cost.
Payment flexibility
While buying completed property, a buyer must pay the entire amount at one time. There are registry costs and other miscellaneous expenses as well. However, you are paying just a part of the cost as a booking amount when you buy in under-construction projects. There is also flexibility in terms of payment, and you do not need to arrange a huge sum to buy an under-construction property.
Tips on Buying Off-Plan Real Estate
A piece of advice to remember while buying off-plan real estate is to research the neighbourhood properly. Also, you should investigate the property’s developers and keep an eye on their progress by visiting the site frequently and keeping in touch. You reduce the risks and ensure a secure purchase transaction by doing this.
