Despite rising prices, real estate in Turkey is in high demand today. And this is largely facilitated by the availability of installment plans, which apply to both finished objects and those under construction.

Is it worth buying Turkish real estate in installments?

Most developers in the republic offer the purchase of real estate in installments with an initial payment in the range of 25-50% for a period of up to three years. The definite advantages in favor of buying in installments include the absence of the need to have the entire amount on hand at once, the ability to choose housing of a higher category, the absence of red tape with documents: in particular, you will not need to confirm your solvency.

Considering that the installment plan is also interest-free, the offer seems quite generous... but there are some nuances.

Payment schedules may not be very comfortable, and the pool of options may be quite limited due to the lack of secondary market offers. Since the installment period is shorter than the loan, the payment on it will be high and finally you will not receive ownership until you pay the entire amount.

Another important point is the investment benefits of installment plans for real estate in Turkey. When purchasing an apartment or house in Turkey in installments, you lose the discount that the developer offers to those who pay the entire amount at once - about 10-20%. But this is more than compensated by the increase in prices for Turkish real estate: for example, in Istanbul over the past year the increase in dollars was 39%, and the price forecast for the next year voiced by real estate experts in Turkey demonstrates all the prerequisites for an increase and, accordingly, a further rise in the price of objects.

How to buy real estate in Turkey in installments?

There is a simple algorithm for this:

• 1. Contact an agency that offers services for selling apartments in installments.

  In particular, you can choose Oneteam: our agency also deals with the selection of housing in installments.

• 2. Choose your favorite apartment or house

  For this purpose, our company uses a digital platform based on artificial intelligence, which analyzes the market and selects the most liquid options.

• 3. Sign an agreement and make a down payment

  Be sure to discuss the installment period with the agency: for some properties it can be as little as a year, which can be inconvenient due to increased monthly payments, while for others it can be up to three years.

• 4. After paying the entire amount, the property becomes your property

  Some properties allow you to use the purchased property before the full amount has been paid, but title deeds are usually issued after the last payment has been received.