When buying brand new from a developer, most will offer financing. All of our listings provide up to date information on what payment plans are available. These tend to be 2 – 3 years interest free plans, with a deposit ranging from 30-50%.
In the case of second hand property, foreigners can now access financing like Turkish citizens. Whilst it is not cheap, it is possible. Turkish based banks can lend up to a maximum of 50% of the bank’s valuation of the property (not the purchase price).
Buying property – especially second hand – is a complicated piece of business in any country. As a foreigner, it is even more important to ensure your process is handled by professionals. Pera Property recommend a panel of solicitors, all English speaking, that have decades of experience of dealing with the tricky Turkish bureaucratic system.
In buying from a developer, the risks are controlled as Pera Property always ensure full relevant checks are conducted. Nothing can replace buying from a reputable developer with a track record of delivering on time and to specification.
Buying a resale property however can be more tricky and cumbersome, hence a solicitor can ensure full legal checks are made, as outlined in our Steps for buying guide.
Solicitors will also ensure your handover process is smooth, and you need not attend Turkey for completion procedures. A solicitor will generally charge $1,000 to $2,000 for their services depending on how much work is involved.
Pera Property already collaborate with well-established solicitors, who have track records going back decades. Whilst shopping around to find the best deal is important, choosing a solicitor should be based on track record and not cost.