Buying a property in installments in Bursa for foreigners – Advantages of buying a property in installments in Bursa
If foreigners want to purchase a property in Bursa city in Turkey, and they do not have enough money; Real estate ownership laws in Turkey allow them to buy a property in installments. Moreover, some real estate companies approved in Bursa provide various real estate offers that meet all the valued clients’ needs. therefore, in this article from Ebla Real Estate, we will talk about buying a property in installments in Bursa for foreigners
An introduction about buying a property in installments in Bursa:
Buying a property in installments in Bursa means to pay a down payment for the property.. And the remaining amount can be paid in installments within a specified period of time agreed between the real estate company or the seller and the buyer.
Moreover, the law does not specify any date for the completion of payments, not even a specific value, but it is sufficient to adhere to the contract agreed upon between the buyer and the construction company. Therefore, buying real estate in installments in Turkey has become a good option for many investors.
Bursa provides the foreign citizen, as well as the Turkish citizen, with many opportunities to purchase a property in installments in Bursa with legal guarantees and good installment plans.
Types of offers available for sale in installments in Bursa:
Real estate companies and construction companies provide various offers to buy real estate in installments in Bursa.. The most prominent of which are:
1. Buying a property under construction in installments in Bursa:
Construction companies give the option of selling properties in Bursa in installments while the housing project is under construction. This option allows customers to pay in installments.. And the payments will most likely be terminated when the property is delivered.
Buying an apartment in projects that are still under construction, is an excellent choice to get special offers and prices, even when choosing to pay in installments.
In this regard, there are many construction and housing projects under construction in Bursa.. Offered for sale to provide more opportunities for customers of different needs and capabilities.
The value of the down payment for buying a property in installments in Bursa usually ranges from 35% to 70% of the total property value.
In addition, the customer may find an offer with a down payment of 15-25%.
Thus, clients can get an apartment within an excellent residential complex, which contains high-quality facilities and services, such as, swimming pool, gym, smart home system and others, at lower price than ready-to-move-in apartments with the same specifications.
2. Buying a ready-made property in installments in Bursa:
There are many offers for ready-made apartments for sale in installments in Bursa; As the construction companies in Bursa provide multiple opportunities for customers in the best residential complexes with excellent installment plans.
However, the down payments for ready-to-move-in apartments are higher than the payments for under-construction apartments,
The first payment to buy a ready-made property in installments usually starts with 40% of the total property value and may reach 80% according to the contract agreed upon with the real estate development company. In addition, the specified period for paying the rest of the installments will be shorter.
When clients buy a property in ready-made projects in Bursa, they receive the property directly to live in it or even rent it. In addition, they can benefit from the rent allowance to pay the property installments, and the expenses of participatory services in the complex.
3. Buying a property in installments in Bursa through a bank loan:
It is one of the available options for foreigners in Bursa to buy a property in installments.. As the foreigner can benefit from loans from one of Bursa’s banks.
The bank buys the property; Then sells it again to the buyer by placing a mortgage on the sales contract. The mortgage is canceled when paying the full amount.
However, some banks require payment of between 30-40 % of the property value as a down payment.. And the monthly installments are often less than the installments of the construction company. However, the real price of the property becomes more expensive than its original price.
Tips from Ebla Real Estate for buying a property in installments in Bursa:
Ebla Real Estate advises clients to take real estate tours of several properties to select the best property. Moreover, clients should make sure that the specifications of the property match the information in the sales contract.
Furthermore, clients should make sure that they are able to pay the payments on time.
Additionally, we advise clients to examine the sales contract and understand its terms.
We note the need to adhere to the specific times of the monthly installments.. In order to avoid the fines agreed upon in the contract in case of delaying the payments.
Ebla real estate offers available for sale in installments in Bursa:
Ebla Real Estate offers properties in the best areas of Bursa, available for sale in installments, ranging from two-bedroom apartments up to six-bedroom apartments, villas in Bursa, lands in Bursa, shops in Bursa and many others.
Contact us for more information about the offers of apartments for sale in installments in Bursa, Turkey.
Edited by: Ebla Group Real Estate
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