Advantages of buying an apartment in installments in Istanbul 2022

One of the advantages of the real estate market in Istanbul is that it witnesses a great diversity that has attracted the attention of investors and foreigners and those looking for apartments and real estate for sale, which made it suitable for everyone, whether they are rich or middle-class.

One of the common ideas is (buying an apartment in installments) as it is suitable for people with limited income or who does not own the full price of the property to pay in cash, or who needs this amount in another project and does not want to freeze it in the property.

In this article, we will tell you about everything related to the issue of buying installment apartments in Istanbul and we will highlight the advantages of this choice.

How to buy an apartment in installments in Istanbul?

If you want to buy an apartment in installments, there are two ways you must choose between them.

The first method: to buy it directly through the construction company, where you pay the first part of its price, which ranges from 35% to 50% of its value, and the rest is to be paid in installments during the following months.

The second method: By purchasing the property through a Turkish bank, who has in advance purchased the property from the creating company, and then places a mortgage sign on it until the payments are completed.

Advantages of buying apartments in installments in Istanbul:

Check out the advantages that you will get when buying apartments in installments in Turkey.

- A unique opportunity to buy an apartment in a modern and upscale city like Istanbul.

- After purchasing it, you can obtain real estate residence and Turkish citizenship if the conditions are suitable for obtaining it (its value should be two hundred and fifty thousand US dollars as a minimum).

- You should know that the larger the down payment, the more discount you will get.

- When the construction works of the project are completed, the price of the apartment rises to more than thirty percent of its price.

- Buying a property in installments means that you will pay for the property with complete comfort and without feeling pressure.

Important notes when buying an apartment in installments:

- Make sure to include all the terms and conditions that were agreed upon in the sales contract.

- Make sure you can make all payments on time so you don't have to pay fines.

- If you choose to buy the apartment through the bank, its price becomes higher than if you choose to buy it through the construction company.

- You have to choose a reliable and reputable construction company in the market so as not to be a victim of fraud.

- Hire a successful architect to make sure that what is being done is what was agreed upon.

- It is preferable to choose to buy the apartment through a well-known real estate company, as its relations with construction companies are distinguished, allowing you to get the best prices and specifications.

- As much as possible, try not to borrow anything from the value of the property, as you will find yourself suffering from another problem, which is paying off debts.

- Focus on all the agreed terms and conditions, such as the date of delivery of the property - the date of payment of payments, as there may be some details that do not suit you.

Is it possible to find ready-made properties for sale in installments in Istanbul? Of course, this option is available, but the offers are not as large as those available in projects that are still under construction.

Ready real estate or real estate under construction?

Ready-made properties are the best option if you do not have enough time to wait for the construction work to be completed, but on the other hand, the price is higher.

What is worth noting here is that the prices of under-construction properties rise when the construction stages are completed by between thirty and seventy percent.

Importance of buying apartments in Istanbul:

After all the development and modernity that this city has witnessed, it has become a destination for anyone looking for real estate for sale in Turkey and ranked ninth in the world in terms of the importance of buying real estate in it.

You may wonder why the investor or the foreigner does not choose to buy real estate in one of the European countries, as it is a great and important development? In fact, it is not only one reason, but a group of reasons that motivate them to make this choice, which are as follows:

- Real estate prices in that city are very reasonable compared to other cities.

- The Turkish government has spared no effort to provide facilities and incentives.

- Investing them to obtain attractive returns, whether by renting them or reselling them.

- Ease of real estate ownership procedures in that city.

- Do you think you will have limited options? Absolutely, there are a lot of options available.

- A unique geographical location spanning two continents (the continent of Asia and the continent of Europe).

What after buying an apartment in Istanbul?

There are many privileges that will be yours after owning real estate or apartments in Istanbul, and these are among the most prominent.

We have previously mentioned the possibility of applying for real estate residency for the owner of the apartment, his wife and children who have not yet reached the age of eighteen. In general, Istanbul is a distinguished option for stability and housing in light of all the development it is witnessing.

The future of these real estate is guaranteed, as real estate is constantly increasing, and according to what experts and specialists in the real estate sector in Turkey predicted, this year it will rise by a percentage that may exceed the fifty percent threshold for several reasons, including.

- High construction costs.

- The large population density in the city.

- Increasing demand for the purchase of real estate and apartments.

- It receives thousands of expatriates, foreigners and students every month.

Whether you want to buy an apartment in installments in Istanbul or through cash payment, we can offer you the most important and best opportunities for you and your goals when you contact us and tell us about your desires.