Real estate Investing in Turkey…under construction properties

Many people wishing to invest in Turkey tend to invest in the real estate sector, especially the properties that are under construction, where they are cheaper and less expensive and can be sold later and collect profits or maintain and put the property for rent.

And in this article, we’ll discuss the pros and cons of this type of investment in Turkey

In the beginning, we advise you to choose the well-known and major companies in the Turkish real estate market which have big experience in this sector and to see the previous projects and the percentage of profits in them,

You also need to study customer satisfaction with this company.

After that you may want to choose the apartment with a distinctive view, whether it is on the sea or green scenery or in the city where such apartments have greater chances of renting or selling later, and the location of the project as a whole plays an important role in the profit rates and capital collection period.

As for the process of paying money and installment offers, we advise here to seek the assistance of specialized consultants in the field of real estate in Turkey to provide the necessary studies and plans. It is preferable that the first payment be large in order to guarantee reduced installments, and not to rush the sale after the completion of the construction of the building because this would cost you a loss of expected profits.

As for the problems and negatives of investment in under construction properties in Turkey, there may be many price speculations after the project is delivered to the investors, which leads to a significant loss in the value of the expected profits, and when reducing the size of the first payment of the value of the property leads to an inflation in the value of the installments and their period

This makes the tax for non-payment of installments on due dates significant

This may prompt the establishing companies to resort to the courts and the judiciary or to impose fines on the investor for the delay.

In addition, dealing with emerging, small or unknown companies leads to many problems, including delays in delivering the property, not completing the project, or transferring the ownership of the project from one company to another, and all of this reduces the value of the property and the possibility of selling it upon completion of the project or the possibility of obtaining on the value of the expected profits.