An information and analytics digest for everyone going abroad or staying home
Real estate

Where and what real estate is best to buy in Turkey?

But there are other attractive cities in Turkey where seaside real estate is no less appealing. More details about buying real estate in Turkey can be found on the website «Multivilla».

Thus, the city of Fethiye with many historical landmarks and entertainment venues attracts more and more foreigners. Lovers of ancient mysteries can consider Side and Perge. Athletes, especially golf and tennis enthusiasts, will undoubtedly enjoy apartments in Belek, where the highest quality fields and excellent tennis courts, the best in Turkey, are located. Those who like a leisurely pastime will feel cozy in Marmaris. You can also consider popular ski resorts for permanent residence.

How to buy a house in Turkey if the budget is very limited?

First of all, the price of housing in Turkey is influenced by location and type of property. Houses and apartments in Turkey in certain areas, as well as in modern luxury residential complexes with numerous amenities, typically double the price. You can buy real estate in Turkey cheaply at the construction stage. Another option is to take advantage of convenient installment plans from the developers themselves.

Sometimes Turkish developers can provide interest-free installments for up to three years. As a rule, the down payment is about 20%. However, there is an interesting point: the same construction companies offer a discount of up to 12–15% when paying the full amount at once.

Buy an apartment in Turkey with a mortgage

The Turkish real estate market offers a wide range of financial instruments that make it easier to buy property in this sunny country for those who cannot pay the entire cost of an apartment in Turkey at once. Major banks readily provide mortgage loans to foreigners, in any currency. You can get a mortgage in US dollars, euros, liras, and other currencies. The annual rate is currently between 7–9% per year. Repayment terms are up to 20 years, provided that monthly payments do not exceed 50% of officially confirmed income.

The article was prepared by the company «Multivilla» http://multivilla.ru/. If you are interested in the topic of buying property in Turkey, call: +7 (800) 500-54-61 and write to: [email protected].

PR