Turkey is considered the top destination for foreign investors, who seek to buy an apartment in under construction projects in Turkey, due to the unique prices and installment options, which is also a real investment opportunity.

Given the fact the increased demand on residential compounds inTurkey and specifically in Istanbul, due to the construction in high investment valuable districts, as well as proximity to the tourism and historical sites, not to mention the vital services where public transportation is.

Advantages of Under Construction Projects in Turkey

It’s no secret to investors that buying an apartment in under construction project in Turkey has a significant impact on profit, as real estate market in growing, the successful investment opportunities are also vary, below are the top benefits of under construction projects in Turkey:

• The low price of under construction projects compared to the ready ones, which gives a variety of properties’ purchase options.
• The availability of installment payment methods to under construction projects, can even be extended to 10 years.
• Under construction properties guarantee a high profit income when they’re ready to move, which is a successful investment business for investors.
• The significant decrease of payment method currency for under construction projects, as prices are cheaper than the ready projects.

Why are Residential Compounds Important in Turkey?

Real estate companies in Turkey are putting a lot of effort and attention under construction residential compounds, such as providing all necessary services and facilities (Water, electricity, gas, telephone, optical fiber for the Internet, hygiene, security), which is considered an important factor to attract more investors to purchase.

Moreover, residential compounds are also provided by entertainment services, such as swimming pools, saunas, Turkish baths, children's playgrounds, sports centers and playgrounds, not to mention the variety or shopping malls, and private schools.

In addition, residents can benefit from the variety of educational and medical centers, which are mostly built around the residential compounds in Turkey.

All of these services and centers are completely provided by security staff to maintain protection and safe lifestyle for residents, using a high technology system.

Best Time to Buy an Under Construction Apartment in Turkey

Buying an under-construction apartment is definitely a successful investment decision, given the fact that prices can be a lot cheaper than the ready ones.

However, this huge difference in the prices can be a contributing factor to providing the ultimate purchase options, where a variety of spaces and designs can be found in the residential compounds.

Not to mention, the availability of installment methods for these types of apartments, where investors can make a first payment of the full price, then complete the rest of payment, where Installments are divided over 24 months.

Yet, many real estate construction companies in Turkey provide better installment deals, where the buyer can benefit from the long-term installment system, which can for 4-5 years or even up to 10 years.

Turkish Citizenship by Property Investment

Foreign investors can now apply and obtain the Turkish citizenship by property investment, even if it’s under construction, however, the land title deed (Tapu) should be ready when making the purchase.

Such deals are truly a real investment opportunity for investors who wish to make profits in the real estate market, and obtain the Turkish citizenship.

These deals can benefit the investors by providing cheap prices for under construction properties, and the capability of reselling after 3 years of construction completion, where these properties can be sold to match the prices of ready real estate projects in Turkey.

To make such an excellent move and benefit from these deals, the investor should obtain a letter of authentication, after the property contract completion, and receive the title deed, then obtain the investor's residency, and then apply for Turkish citizenship by property investment.

Moreover, obtaining the Turkish citizenship allows the investor to apply for Turkish passport, which is considered one of the strongest passport worldwide, where it gives its holder the right for Entry to 70 countries without the need for a prior visa, as well as travel to more than 40 countries with a visa that is given upon arrival.

It’s also worth mentioning that property investment is one of many ways to apply for Turkish citizenship, where property price should be 250.000 USD minimum.

Top Tips When Buying Under Construction Apartment in Turkey

• Double check the integrity of property, and ask the landlord to do a major fix in case faults are found in the property.
• Always consider a vital location for the property in Istanbul.
• Inquire the construction company before making a purchase.
• Keep in mind the government guaranteed real estate projects, where Turkish companies take full responsibility to complete the project.

Finally, if you are an investor who seeks to make the ultimate investment profit, and looking to buy an apartment in Turkey, Deyaar Group can provide the best services with many options for purchasing and installment payments.

Edited by: Deyaar Group^©