Reasons to buy a house under construction in Turkey
Many investors see that buying a house under construction in Turkey an ideal option because of many reasons, as we will see in this article from Ebla Real Estate.
What does a house under construction in Turkey mean?
The word “under construction” refers to a building, structure, or project that is unfinished but actively being worked on. Moreover, the house is under construction, whether it is independent or within a residential complex, as long as its construction is not completed or is not ready for delivery.
Reasons to buy a house under construction in Turkey:
- Save money as the prices of houses under construction in Turkey are low compared to the prices of ready-to-move houses. Thus, buyers can buy an apartment with the exact location and specifications at a lower price if it is under construction.
- Moreover, the buyer of a house under construction has the option to specify the specifications of the apartment and choose the type and quality of the finishes.
- Furthermore, buyers have the opportunity to buy a property in Turkey by installments. Thus, it is a good option for those who do not have enough money to buy a ready-to-move-in property.
- The price of the house gradually increases with the progress of the construction stages.
- Additionally, buyers get a discount when they buy a house under construction in Turkey by cash.
- Adding some modifications and decorations after receiving the house enables the buyer to resell it at a higher price.
- Get Turkish citizenship by buying a house under construction worth 400,000$.
Investment benefits of buying a house under construction in Turkey:
- The property under construction in Turkey is an investment opportunity since you are buying your property at a lower cost and the percentage of profits increases continuously with the rise in real estate prices every year in Turkey.
- The value of the investment property increases when it is ready for delivery.
- Moreover, houses under construction achieve high profits between 50% to 300% upon completion of construction work and receiving house keys.
- After the completion of the construction work, buyers can invest directly by selling it or leasing it.
- Furthermore, purchasing a house under construction enables investors to invest in several real estate projects at the same time.
- No need for bank financing for the property.
It is worth noting that investors should buy from reputable and trusted construction companies.. Or choose houses in government guaranteed projects. Moreover, it is better to consult an accredited real estate company such as Ebla Real Estate, which saves you time and efforts and is keen to offer suitable projects that achieve high profits.
Edited by: Ebla Group Real Estate
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