How does installment payments for real estate in Turkey work?

Buying real estate in installments is a great way to buy a home in Turkey without having to make a lump sum payment. Installment payments from developers are very popular among foreign buyers due to their favorable conditions.

Main features:

• Many developers in Turkey offer interest-free installments for the construction period, which makes the purchase more affordable. On average, the installment is given for 1-3 years, and the payment schedule is agreed individually. The amount of the first installment is usually 30-40% of the value of the object.

• To obtain an installment does not require proof of solvency. This allows foreigners to purchase real estate even without a credit history in Turkey.

• The cost of real estate is often fixed in euros or dollars, which protects both developers and buyers from fluctuations in the exchange rate of the Turkish lira.

• The buyer can sell the property during the repayment process or pay off the outstanding balance early. This is useful if you plan to invest in further projects or sell the home more expensive after completion.

Rising real estate prices in Turkey make installment payments particularly attractive to investors. In popular regions such as Antalya and Istanbul, housing prices can increase by 30-40% per year, allowing investors to make a profit even before construction is completed.

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