I want to buy real estate in Turkey, but not enough money. What to do?

Turkish real estate is in demand from year to year - low prices, beautiful nature and Eastern hospitality do their job. But there are times when, for example, seaside alanya real estate does not have enough of your own money. How to act then? Give up on your dreams? Not at all - you have several options.

Get an installment plan

This is what is always recommended by realtors. And for good reason: for the Turkish developers installments - a standard practice and the conditions offered by the most comfortable.

Installment offer with a down payment of 30%. Different builders rules vary, but in general it can be granted for up to 40 months. Its duration depends on the stage of readiness of the object: you can count on the maximum time at the stage of the foundation stone, and if the housing is almost ready, the repayment of installments you can be given 12-24 months. Installment payments are primarily granted on the housing under construction, but it is also possible to obtain it on the finished object.

Take a mortgage in a Turkish bank

As a general rule, foreign buyers in Turkey are focused on the new housing, so they are available interest-free installments. However, the opportunity to take a mortgage loan is also available. A few years ago, Turkish banks easily give money to foreigners, but after the fall of many currencies, starting in 2014, this issue has become stricter. The package of documents is now larger, the processing time has increased, and the conditions have become less attractive. Now you can get a maximum of 35-40% of the price of the property on credit. The mortgage rate will depend on the currency.

Make a purchase under construction

Object under construction is usually cheaper than the finished housing by 20-30%. Most of the Turkish developers are honest to their commitments and deliver complexes on time, however, you still need to carefully check the company.

Less of this option - you can rest by the sea after about two years. Pros: In Turkey, they build quickly, and the apartments are delivered with everything you need, if necessary, even with slippers.