Prices between cash and installments in Türkiye
There are two ways to buy a property in Türkiye; Buyers can buy in cash and in installments. However, are the prices different between cash and installments? That is what we will talk about in this article from Ebla Real Estate.
Buy property in cash in Türkiye:
Among the ways to buy a property in Türkiye is to buy in cash. Many people prefer this way as it has many advantages, including:
- When buying an apartment in cash, buyers can immediately go to the Title Deed Directorate to complete the procedures for transferring ownership of the property to obtain the title deed or “Tapu”.
- Moreover, investors can get a discount of up to 30% of the value of the apartment.
- Furthermore, they can immediately start your real estate investment project.
Buy property in installments in Türkiye:
There are many factors that encourage customers to buy a property in Türkiye in installments, the most important of which are:
- The buyer will not have to face the financial pressures of paying in the long term.
- It avoids the buyer from resorting to debt to pay the full value of the property, as this makes there an additional burden that may be difficult to control.
- Investors can achieve a high profit rate after purchasing in installments, and this is by selling the property after the completion of the construction phase.
- Buying more than one property in Türkiye.
How to buy a property in installments in Türkiye:
There are two ways to buy an apartment in Türkiye in installments, which are:
- The first way is through one of the construction companies, which offers special offers every period. After the agreement with the construction company, you pay the required down payment, which often ranges between 35% and 50% of the total apartment value. Then, you complete the remaining monthly installments. It is worth noting that all the terms agreed upon be included in the sales contract must.
- The second one is through a Turkish bank.. The bank first buys the apartment from the construction company, then sells it to you, with a mortgage sign on the apartment, until you complete all the installments.
Are the prices different between cash and installments?
The price of the property will rise relatively if you buy it in installments. Moreover, the discount offered by the construction company is only about 5% of the value of the property.
Additionally, if you buy the property in installments, you will not be able to obtain the title deed until you finish paying all the installments.
Edited by: Ebla Group Real Estate
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