Property in Turkey with discounts
Many foreign buyers still think that property in Turkey must be so cheap, that the two-bedroom apartment on the sea cost cost like a used car in a home country. No doubt that the prices for real estate in Turkey are cheap in comparison with Europeans, and as in any other market in Turkey there are quite interesting proposals, but you should know some features about real estate buying procedure before taking a decision to buy a property.
If you didn’t choose out a realiable real estate agency in Turkey before your arrival, which will support you throughout your entire trip, then you must be ready that that all local guides, bartenders, taxi drivers and agents will attack you. As soon as they know that you are going to buy an apartment, everybody will immediately start to offer their services.
They will tell you that their brother or neighboor sells wonderful apartment, and in the same complex as you like is also one apartment for sale but for cheaper price. And here it is necessary to be extremely attentive, because the apartment can be already sold under the long term mortgage, registration documents can cause serious problems, and in the end these fabulously cheap prepositions will cost you too expensive.
The magic word “discount”
Very often on the websites of agencies and developers you can see the astounding sales, 50% discounts and deals. Sometimes – it’s just smart marketing moves in order to attract the customer for a more expensive property or just for property that “was stuck ” at the market . As a result, you can deal with false information, for example 23 , 000 euro for the one-bedroom apartment is not the final amount, but only the first installment . And about suspiciously cheap complex can occure curious details: for example, there will be shortages of water or electricity , the sea will be at not promissed 300 meters from the house, but in 2-3 km. But these information you can learn out only when you come already there.
However good offers and bonuses exist. Most often big and reliable developers who work long time on the market can do such sales. For example sometimes there are just a few apartments left for sale in a compound and the developer drop on them price because he needs money to invest it in a new construction. Such proposals may also act by a certain date for new facilities, simply because the complex needs advertising. Still, if you’re willing to pay immediately you can expect a gift like furnishings, white goods appliances or spending on paperwork in the purchase price. But do not expect that on the flat, which is already worth 40 000 Euros, you will save 50 % , take as a present white goods and a new car. Appropriate bargaining in Turkey exists, but never reaches the point of absurdity. After all there are no so many good offers with discounts on the market, they are usually sold out very quickly, so if you do not buy a ‘hot’ sale today, next week somebody else will buy it.
Property under construction- off plan
Another option of bargain purchase real estate is buying it off plan, when the object is still under construction. In this case, you can not just rely on a large selection and good prices ( because the developer needs money, he immediately put into circulation ), but also be able to choose for their homes “right” color of the walls and tile in the bathroom and even to change the layout. At the initial stage to implement it will be much easier than to remake everything later. In addition to the unfinished projects, many developers offer payment by installments.
Practical foreign buyers often do just that, in advance by buying your favorite apartment. That is why in good complex at the stage of development options for sale is not much, and prices after the completion are” growing up’’. In addition, developers are increasingly placed opposite their projects under construction web- camera that buyers could see at what stage is the object and how the work is going on.
However, if you are not willing to wait for moving in your new apartment, it is better to think of a faster variants of purchasing property in Turkey.
Non touristic places in turkey
One of the most profitable but risky options of buying property in Turkey is to find yet unexplored places where prices are still very cheap, because there’s still nothing in what people would like to invest. There may be quite undeveloped infrastructure, less property and the beaches are not equipped. But after a few years there may be a modern new city and then the plot or house you bought, will rise sharply in price. For example it has happened in the area of Gazipasa, near Alanya, when government built there a new airport, which is unfortunately not opened yet for international flights. This is just one of a few examples, but it is the real way how many of the current Turkish businessmen have enriched. But to repeat their path, it is necessary first of all, to have some capital for investments , and most importantly – have reliable insider information that is usually available only for experts of this market.
Property in Turkey Hot Deals
If you’ve heard incredible stories about buying a home in Turkey for indecent ridiculous prices – likely it was precisely such “hot” deals, which periodically appear in the secondary market. Often the owners are just in need of money – illness of relatives, crisis, debt, urgent move to another city or return back to their homeland. During the last economic crisis, such proposals are not seldom came from living in Turkey foreigners who have material wealth which could rapidly deteriorate, forcing them to seek urgent cash. So, it was really possible to buy a modern complex in Antalya, 500 meters from the sea 2bedroom apartment for 50.000 euro, just because the owner urgently needed to extinguish their debts in home country.
But such a list updated with exceptional proposals very quickly. If today you liked this house and don’t reserve it, in a month or two it will be already sold. Good Real Estate Agency for sure you can propose you an alternative option, but exactly the same – hardly. So that such ” hot deals ” are suitable only for those who are ready to make a decision at lightning speed , without any hesitation to buy and pay on the spot. Better cash. Also, you are unlikely to agree on the installment payment, additional discounts and bonuses. Of course , the owners need the money, but they want it now, not a year or two. Besides these people are well informed about the procedure and property prices are well aware that the market value of their houses, if it is not sold in a matter of urgency, may be much higher .
As you can see , there are many options available completely buying property in Turkey at very competitive prices . However, it requires a lot of effort, time and nerves, so if you do not want to risk once again , or have bad experience, better not try to economize and save and stay on the standard methods of buying property with the reliable company.