The Turkish government's guaranteed apartments are very frequent in the Turkish real estate market, and you may have heard it in the search for a suitable apartment to buy. What are the guaranteed apartments of the Turkish government? What are its advantages? We will learn to answer these questions and other important points on this subject in this article provided by Property Advisor.
What do we mean by government-guaranteed apartments in Turkey?
We all know that construction projects are costly, especially in the Turkish real estate market, where competition and construction of housing units able to attract investors and buyers in the light of the increasing projects is a costly and sometimes difficult task.
To support this market and provide good returns to all parties, we notice that the Turkish government in its various sectors is partnering with private companies in some real estate projects so that this partnership can include assigning the project to governmental construction companies in partnership with private construction companies or providing the necessary land for the project so that it is governmental and the construction is by private companies and so on.
Government sectors are heavily responsible for marketing and selling in such projects, which gives a greater guarantee to the buyers. One of the most famous construction companies of the government, which once mentioned, can rest assured that this apartment is guaranteed by the government is The Property konut Company and Toki Company.
Apartments with Turkish government guarantees for housing:
Apartments with Turkish government guarantees are the best option for those wishing to purchase a residential unit safely and securely as these projects are certainly government-licensed and the construction is following legal standards that safeguard the safety and well-being of the buyer. Buying an apartment guaranteed by the Turkish government also offers a long-term installment option of up to 10 years or more in some cases, which means that the value of the apartment will be affordable for many those wishing to buy a property in Turkey.
If an apartment is purchased on the scheme from these projects, the Turkish government guarantees the delivery of the apartment on time and imposes fines on construction companies in the case of a delay in delivery.
The projects guaranteed by the Turkish government are characterized by their presence in privileged locations and close to vital the centers, which increases the advantages of living in such apartments.
Apartments with Turkish government guarantees for investment:
The projects guaranteed by the Turkish government are part of the government's integrated scheme in the region, which includes improved services and infrastructure, which will greatly increase the price of these apartments and makes them suitable for investment.
The risk of buying apartments guaranteed by the Turkish government is very low, as the government guarantees the delivery of apartments under legal standards and also guarantees legal transactions and the ownership of the apartment to the buyer.
However, it is important to note that there are two ways to own an apartment guaranteed by the Turkish government:
The first method is to buy directly: the contract is made between the construction company or the company in charge of the property and the investor himself. However, one of the disadvantages of this method is the lack of long-term installment advantage if the buyer does not have Turkish citizenship.
The second method is that the contract between the initial owner of the apartment, who is often a Turkish citizen, by waiving the purchase contract for the benefit of the foreign buyer, in which case the new owner can pay the value of the apartment in installments that may be up to 10 or 20 years.
As a result of its long experience in the Turkish real estate market and its reliable dealings with governmental and private construction companies, The Property Advisor Company offers a variety of real estate options for apartments guaranteed by the Turkish government in different cities of Turkey, if you are a fan of safe investment or want to live in Turkey according to the convenient installment system do not hesitate to contact us.