Many people are interested in buying real estate in installments in Turkey, the system of buying real estate in installments is very popular, it has been in effect for quite a long time and is well-developed down to the smallest detail.
Unlike a loan, installments are interest-free, i.e. during the entire period of payment for the property, interest is not charged on the amounts. The installment period can vary, from 6 months to 5 years. The initial payment also varies, but on average it is 30% of the total cost of the property.⠀
When buying a home in installments, an agreement is drawn up, which specifies all the exact amounts and the payment schedule.⠀
IMPORTANT to comply with the terms of the agreement, because if you violate this, you may be subject to penalties, which you will clearly not be happy about.⠀
TAPU is usually given after all payments have been fully paid. But now many developers offer easier terms: TAPU can be issued after paying 60% of the property value.
Property in installments in Turkey
Property in installments in Turkey
