Property in Turkey

Guide to Buying Off Plan Properties in Turkey

Turkey is quickly becoming a world class tourist destination. Many people like to come to Turkey for their holidays because it has a long coastline and fine Mediterranean climate. There are many historical sites you can visit while you are in Turkey. With more and more tourists traveling to Turkey, many developers have decided to build new houses. Off plan properties have become popular with foreign investors. Off plan properties are houses that the developers have not yet constructed. The prices of the off plan properties are significantly lower than properties located in other European hotspots.

Things to take care when buying Property in Turkey

Most of the investors from foreign countries will visit property exhibitions before investing in the off plan properties in Turkey. Off plan properties can be purchased directly from the developers. If you want to buy off plan properties, you should check the background of the developer. You should meet the developer in person and ask him lots of questions. You should only deal with reputable developer. There are a number of people who have been tricked into buying properties that are sold to multiple persons. This means that multiple persons own the title deeds of one off plan property.

When you are at Turkey, be sure to spend some time to get to know the people living in the area. You can ask the developer about the nearby amenities such as shops, schools, parks and etc. You should find out from the local residents about whether there is any noise disruption in the neighborhood. The legislation in Turkey is complicated so it is not advised that you handle the property transaction yourself. You should hire a local lawyer to look after the transaction. Usually, the lawyer will charge a 1% commission on the property's purchase price.

After you have selected a property, you must agree to the terms and conditions in the contract. If the property is under development, you can offer a sum that is subject to the mortgage approval. Most people will not pay the full amount of the purchase price upfront. To reduce your financial burden, you can make payment for the house in stages.

If you don't appoint a lawyer, you will risk into signing a contract that cannot be made effective under the Turkey legislation. You should act quickly if you are interested in the property. This is because the houses in the Turkey real estate get sold out at a fast pace. If you already hired a lawyer, you should quickly decide whether you want to buy the house. If you decide to buy the property, you should back up the sale by putting a deposit. The deposit for the house is about 3,000 euro. You can make the deposit in cash. Some developers allow you to make deposits for the property in credit card. It is not recommended that you use cheque to pay the deposit because it can take a long time to clear. It will give another investor the opportunity to grab the deal by putting a cash deposit when buying a property Turkey.

Real Estate Antalya

Antalya Homes Construction and Real Estate is a leading property company based in Antalya. Many foreign property buyers prefers Antalya Homes to buy property in Antalya. Antalya is the main tourism destination for many European countries. Antalya Internation Airport is serving to Alanya, Side, Kemer and Belek. There comes 10 million tourists per year from Europe.