Most construction companies are accommodating towards foreign buyers and offer installment plans until the completion of construction.
The conditions for foreigners are the same as for local residents: individual payment schedules, no connection to construction stages, and installment plans with 0% interest during the construction period.
To sign a contract with a Turkish developer, a foreigner will need a passport and an initial payment, which usually constitutes 30% of the total property cost.
The developer must provide the following documents:
– proof of ownership of the land plot designated for construction (with an “Arsa” status)
– a permit for constructing residential complexes signed by the Urban Planning Committee
– a presented project plan.
It is important to note that property owners will not receive Iskana (technical passports) or TAPU (property rights) in the early stages of construction; these documents are issued for finished properties.
In light of this, it is crucial to choose reliable developers with a good reputation, experience working with foreign buyers, and who guarantee a transparent and secure transaction. It is also important to thoroughly check all documents to avoid potential problems in the future.
