Advantages of investing in apartments under construction in Turkey

In recent years, apartments under construction in Turkey have witnessed a great demand by foreign investors, especially Arabs wishing to invest in real estate in the real estate sector in Turkey, especially that by purchasing an apartment on the plan, you can obtainTurkish citizenship according to the Turkish naturalization laws and in addition, the Turkish apartments that are still on the plan are among the most flexible apartments when buying, so many businessmen prefer to invest in apartments under construction in Turkish lands and enjoy furnishing their apartment as they want.

Therefore, the editorial team was keen to highlight the advantages of investing in Turkish apartments under construction so continue reading to learn more.

Motives for investing in apartments under construction in Turkey

There are several reasons that motivate many investors who want to inject their capital into the real estate sector in Turkey, especially the apartments that are still under construction so let's get to know these motives and reasons as follows:

1. The possibility of inspecting the apartment to be purchased on the ground before purchasing it, and this feature is one of the most important reasons that motivate investors to buy apartments under construction in Turkey.
2. When you buy an apartment under construction, you have the opportunity to modify the design and decoration of the apartment according to your taste and desire.
3. In most cases, the tax imposed on an apartment under construction is lower than the tax imposed on ready-made apartments.
4. The opportunity to take advantage of offers, discounts and rebates offered by construction companies on residential and office properties that are still under construction.
5. Mostly the payment methods are convenient as you can distribute your payments in installments.
6. The opportunity to divide the apartment as you like, in addition to choosing the furnishings, the quality of the interior and exterior finishes, and the type of decoration you want.
7. You can know the design, decoration, and division of your apartment through the typical apartment that most Turkish projects provide.
8. Buying a property in Turkey under construction is a profitable investment opportunity by renting the apartment in the summer seasons or reselling it, especially after the high price upon completion of the finishes.
9. When you buy an apartment under construction at a value of $400,000 and receive the title deed, you can apply for Turkish citizenship.
10. In the event that you cannot buy an apartment for large amounts, you can invest in the real estate market in Turkey at a value of 75 thousand US dollars and obtain real estate residence and grant it to all members of your family under the age of 18.
11. You can get an apartment with great specifications at a price less than 30% to 40% of the price of the apartment if it is ready.
12. The opportunity to take advantage of the flexible installment of the apartment price, where you can choose the apartment suitable for your budget and needs within the projects under construction and take advantage of the installment options in the long term.
13. After buying an apartment under construction in Turkey and obtainingTurkish citizenship, you can apply for a Turkish passport and enjoy the ease of internal and external travel.
14. Saving huge sums of money, making big profits, and reaping huge returns, especially after completing the apartment’s finishes and furnishings.
15. The opportunity to buy an apartment under construction in the new residential complexes and enjoy the public services and facilities surrounding the complex, in addition to the complex's sports and swimming clubs.
16. The possibility of buying an apartment on the plan overlooking the Bosphorus and enjoying stunning views away from the hustle and bustle of the city.

Tips and cautions when buying apartments under construction in Turkey

Some who are looking to buy an apartment under construction in Turkey for the first time may ask about some tips that can be taken into consideration and applied when investing inreal estate in Turkey and the following are the most prominent of these tips:

1. In the beginning, the apartment must be chosen correctly in terms of internal and external specifications and location, because it will greatly affect the importance of the apartment and its price.
2. We recommend that the first installment of the installments be large in order to reduce the monthly value of the installments on the property.
3. After buying the apartment, do not rush to sell it, but study the real estate market in Turkey well, and do not forget that the price of the property will rise very significantly after the completion of the finishes.
4. We recommend that you pay the price of the apartment to be purchased in installments, so do not pay the full price of the apartment under construction before the completion of the construction process, but rather make reasonable payments, to guarantee your rights in the event of a default by the construction company.
5. Examine the apartment well upon receipt and ensure that it is free from defects and in addition, make sure that the interior cladding is intact and free from any defects in the internal and external finishes.
6. Be sure to choose high-quality specifications, in terms of location, view, services related to the area, public transportation, general cleanliness, and proximity to shopping centers.
7. Be sure to own property in projects under construction that are offered for sale by a reliable and licensed real estate company or from construction companies with government guarantee, to avoid falling into real estate fraud.
8. Ensure that the property conforms to the agreed specifications, and if you find a defect in its contents, you have the right to refuse to receive the apartment.
9. Make sure to pay attention to the terms of the sales contract and make sure that it includes all the details that were agreed upon.
10. Do not forget to inspect the apartment under construction and see all its details on the ground, by taking a real estate tour of the construction site accompanied by construction companies or the real estate agent.
11. We recommend that you consult an architect about the specifications of the apartment that have been agreed upon.
12. A well-studied investment plan and alternative plans must be developed to avoid obstacles and pitfalls that you may encounter when buying apartments in Turkey under construction.
13. It is necessary to know the Turkish real estate laws, and obtain all approvals before starting any step of the investment process in the real estate market in Turkey, whether in construction, marketing and dealing with customers.

The idea of ​​buying real estate in Turkeyhas become popular among those interested in obtaining an ideal opportunity for housing or investment and take advantage of the appropriate real estate investment options in Istanbul to obtain a high return by communicating with our real estate consultants.

Do not forget that investing inreal estate in Turkeyis only a way to gainTurkish citizenshipor real estate residencepermit that allows you to stay in the country legally and then acquire many of the privileges that a Turkish citizen gets.

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