Recently, the Turkish real estate industry has experienced a surge in growth; with demand for modern, high-end housing on the rise. This trend is expected to continue, as more people seek out luxurious residential properties. To meet the high demand for housing, developers in Turkey have rolled up their sleeves and built residential complexes. Buying off-plan in Turkey by Yekta Homes directly from the developer can offer significant advantages to buyers, including access to off-plan residential complexes, better prices and deals, and the ability to customize your living space.
Advantages of Buying Directly from the Developer
Purchasing from the developer offers a huge advantage, since you have access to off-plan residential complexes. This allows for more flexibility than what other purchasing options provide. These are properties that are still under construction, which means that buyers can purchase their desired property before it is completed. This option allows buyers to secure their ideal property at pre-construction prices and benefit from greater flexibility in choosing their preferred layout and design.
Another advantage of buying directly from the developer is access to better prices and deals. Developers often offer early bird discounts or other promotions to attract buyers during the pre-construction phase. These incentives can help buyers save money on the overall cost of the property and provide them with an excellent return on investment when they decide to sell in the future.
Finally, buying directly from the developer also gives buyers the ability to customize their living space. In many cases, developers will offer buyers the opportunity to make alterations to the original design plans, such as choosing finishes, appliances, and other features. This customization allows buyers to create a space that suits their individual needs and preferences.
Benefits of Buying Property in New Buildings
New buildings offer several benefits over older buildings, including modern amenities and facilities, energy efficiency, and increased property value over time. Modern amenities and facilities include features such as gyms, swimming pools, and outdoor spaces, which are becoming increasingly important to buyers looking for a comfortable and convenient lifestyle. Many people take energy efficiency into account when purchasing a home, to save on utility costs and create a more sustainable environment. This can make a huge difference in terms of cost savings and environmental impact. New buildings are also likely to appreciate in value over time, providing buyers with a strong return on investment.
Why Choose Turkey for Real Estate Investment
Turkey is a great place to invest in property – it has robust economic expansion, political dependability, beneficial policies & taxes for foreign investors and competitive prices compared to other countries in Europe. The Turkish economy has been growing at a steady pace, with GDP increasing by 5% in 2022 despite the challenges such as pandemic. With the growth of this market expected to persist in the future, investors have an opportunity to yield a reliable and profitable return on their investment.
Furthermore, Turkey has a beneficial legal framework for real estate investments that safeguards foreign investors and simplifies the transaction process for properties. Investors from abroad are especially encouraged by the country due to its attractive tax benefits. These include reduced VAT charges and exemptions on some properties purchased in the region. Finally, the property sector in Turkey is highly competitive, with prices that are significantly lower than other European countries, such as Spain or Italy.
Different Types of Turkish Real Estate Available for Sale
People looking to buy real estate in the country can find a range of options including flats, apartments and duplexes. Each type of property has its own unique features and amenities, making it important for buyers to carefully consider their preferences and needs when choosing a property. Flats and apartments are generally smaller and more affordable, while duplexes offer more space and flexibility for larger families or those who need additional living space.
When considering specific properties, buyers should also take into account features such as location, access to public transport & schools, shopping, and other amenities. Other considerations might include the orientation of the property, the number of bedrooms and bathrooms, and the presence of outdoor space.
What to Consider When Buying Real Estate from the Developer in Turkey
When buying real estate from a developer in Turkey, there are several key considerations to keep in mind. Before making any purchase decisions, it is essential that buyers thoroughly investigate the background of the developer. This should include looking into their past performance when it comes to completing projects on time & within budget. It is also important to understand the payment schedule and financing options available, as well as review the contract and legal documents carefully to ensure that there are no hidden clauses or fees.
When purchasing a property, it is highly recommended that buyers consider seeking assistance from an experienced real estate agent. This can ensure that you have the right support throughout the process, from choosing a property to successfully navigating any contract negotiations and closing the deal. With the help of an expert agent, it is likely to experience a seamless and anxiety-free property purchasing process in Turkey. They have the necessary skill set to assist you through the intricate legal & financial formalities of such a transaction.
Conclusion
Generally speaking, buying real estate from the developer in Turkey is a great idea. It provides many advantages for the buyer such as access to off-plan residential complexes, great prices and deals, and customizing your living space just the way you want it. New buildings also offer modern amenities and facilities, energy efficiency, and increased property value over time. With its strong economic growth, political stability, attractive legal & tax incentives, and competitive prices, Turkey is a desirable market for real estate investment.
It would be wise to take some time to think through the different factors that could affect your choice when buying real estate from a developer in Turkey. This includes considerations such as property type, location, and amenities. Considering all the advantages, buyers can make a wise investment decision and reap the rewards of owning real estate in Turkey. Yekta Homes will help you do your own research on the real estate market including off-plan projects and find the best properties in the country.
