The dream of buying property in Turkey today has become an accessible reality for most citizens from abroad. The most attractive moment for foreign investors was the possibility of obtaining a residence permit after the acquisition of real estate.
In many respects, this became possible thanks to mortgage lending, which can be issued by any foreigner in one of the Turkish banks, if the entire amount for the acquisition of property is not on hand at once.
Mortgage in the Republic of Turkey, as in other countries, is a loan in which real estate acts as a pledge of purchase. Immediately after the loan is issued, it becomes the property of the buyer with an encumbrance, which is removed after the full repayment of the loan.
Thanks to this innovation, demand has increased significantly, since now foreign investors have the opportunity to buy not only budget apartments, but rather expensive objects, paying their cost over several years.
A real estate loan in Turkey is issued for finished apartments and for objects under construction (up to 80% completion), so the buyer will be able to choose the best option for himself in all respects, whether it be cost, area, layout or location.