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Architectural Plan for Selling Properties in Turkey:
The term “architectural plan” refers to the map prepared by a construction company planning to undertake a project in a Turkish region.
This map outlines the final project, including its location, size, number of buildings, apartment types.
distribution, and included services. Initially presented in 3D images and maps, it progresses to a miniature architectural model.
displayed in the sales office to help clients and real estate companies understand the project’s shape and appearance on the actual land.
Construction Company Goals for Selling Off-Plan Properties:
- Once a construction company announces the launch of a real estate project, it begins contracting with landowners and obtaining.
- building permits in Turkey from the municipality of the project area. The company then offers a specific number of properties for sale.
- aiming to create the necessary budget for the project’s construction.
Advantages of Owning Off-Plan Properties:
1-Significantly Lower Prices:
Off-plan property prices are notably lower compared to ready or under-construction properties.
2- Gradual Price Increase:
Property prices rise gradually at each stage of the project, reaching their peak upon completion.
3- Potential for High Returns:
The price difference between off-plan and completed properties ranges from 100% to 300%, offering substantial profit potential.
4- Initial Property Offerings:
Construction companies initially offer properties at prices below cost to fund the project. Prices are then gradually increased as construction progresses.
5- Investment Opportunity:
Purchasing off-plan represents an investment opportunity with substantial returns within a relatively short timeframe.
Drawbacks of Owning Off-Plan Properties:
- Delays, Construction Halts, or Company Insolvency: Risks include delays in delivery, construction halts, or the insolvency of the construction company.
- Waiting Period: Some may find the waiting period relatively long.
- Possible Discrepancies: There might be differences between the property specifications on paper and the actual property.
- Deceptive 3D Plans:3D project plans can be deceiving at times, dazzling clients.
- Exchange Rate Fluctuations and Inflation: Significant inflation and exchange rate fluctuations during the waiting period may impact expected returns, with a minimum expected profit of 100%.
How to Purchase Off-Plan Properties in Turkey:
- Contact the Golden Investment Group in Turkey.
- Speak with a Customer Service Representative and Request Offers on Under-Construction Projects.
- Discuss Desired Property Inclusion in the Architectural Plan.
- Customer Education on Real Estate Market Dynamics, including Laws, Costs, Taxes, Advantages, and Disadvantages.
- Receive Images, Videos, and Price Lists from the Sales Representative.
- Agree and Reserve the Initial Property.
- Site Visit for On-Ground Project Evaluation with a Golden Investment Group Sales Representative.
- Request a Property Valuation Report for Price Verification.
- Sign a Preliminary Purchase Agreement for a Virtually Owned Property, to be Constructed Later.
- Explanation of Contract Terms by the Sales Representative Before Signing.
- Customer and Construction Company Representative Sign the Purchase Contract, Notarized by the Turkish Notary.
- Upon Advancement from Off-Plan to Foundation Laying, a “Partial Title Deed” Can Be Obtained.
- After Construction Completion and Property Handover, the Title Deed is Changed from “Partial” to “Full.”
5 Tips Before Considering Buying Off-Plan Property in Turkey:
- Collaborate with a Trusted Real Estate Company in Turkey Well-Versed in the Turkish Real Estate Market.
- Know the Construction Company’s Name and Check its Previous Record to Ensure its Strength and Avoid the Possibility of Bankruptcy or Construction Delays.
- The Contract is the Law Between the Contracting Parties, Protecting Both Sides in Case of Non-Compliance.
- Visit the Project Site, Inquire About Any Ambiguities, and Get Acquainted with Project Details.
- Ask the Real Estate Advisor to Verify the Property’s Legal Soundness, Including Permits and Soil Suitability for Construction, by Consulting the Municipality and Title Deed Directorate.
