العربية
Ready Properties in Turkey:
These are properties that are fully constructed, both internally and externally, with complete finishing touches, and are ready for immediate occupancy or investment.
They can be residential, such as apartments or villas, commercial, like offices or shops, or even tourist properties, including hotels.
Advantages of Ready Properties in Turkey:
Ready properties in Turkey offer several advantages, such as:
- Immediate occupancy without the need to wait after receiving the keys.
- Immediate investment potential through resale after making modifications, additions, or decorations to increase the property’s value, or by finding tenants for rental income.
- Immediate ownership title and full deed transfer without the need for interim ownership titles during construction.
- Assurance that the property specifications in the contract match the actual property, as it is already complete.
- High investment value for resale or rental due to being a ready property.
Disadvantages of Ready Properties in Turkey:
Some important drawbacks of ready properties in Turkey include:
- Significantly higher prices compared to under-construction properties due to investment reasons.
- Difficulty in making certain modifications to the apartment in some cases, unlike properties under construction.
- Typically, payment is required either in cash or through short installments, usually spanning between 6 to 12 months.
- Gradual price increases over several years rather than the rapid appreciation seen in under-construction properties, which might take 3 to 5 years for a resale-focused investment.
Under-Construction Properties in Turkey:
These properties are not yet built and are still in the planning or initial construction phases.
They start as building blocks before being divided into floors and then transformed into residential or commercial properties with various layouts and rooms.
according to engineering drawings.
Advantages of Under-Construction Properties in Turkey:
Under-construction properties in Turkey offer several advantages, including:
- Lower prices compared to ready properties due to investment incentives, making them attractive to buyers.
- Multiple payment options, often with initial payments ranging from 30% to 50% of the property’s value and the remaining balance spread over 12, 24, 36, or 48 months, or more.
- The possibility to request custom modifications and additions to the property, as it is still under construction, allowing for unique designs.
- Multiple investment benefits, with the property’s value appreciating rapidly, potentially ranging from 50% to 300% or even more, especially as construction progresses.
Disadvantages of Under-Construction Properties in Turkey:
Some drawbacks associated with under-construction properties in Turkey include:
- A long waiting period until construction is completed and the property is delivered to its owners.
- Risk associated with purchasing from less reputable construction companies, which could lead to construction delays, financial troubles, and legal complications. It is advisable to deal with well-established and reliable companies.
- The complete deed transfer (full ownership title) is only possible upon project completion. During construction, buyers receive an “interim title,” which is later replaced with the full title upon completion.
- Sometimes, the property’s specifications in the contract do not match the final product, as engineers may make adjustments during construction based on practical considerations.
Which is Better for Property Ownership in Turkey?
The answer to this question depends on the purpose of property ownership in Turkey.
If the goal is to live in Turkey and use the property for immediate residence, ready properties are recommended, despite their higher cost.
unless the buyer has the time to wait for construction to finish.
For investment purposes, under-construction properties are highly recommended, as their investment value and price appreciation can be substantial, especially if the intent is to resell.
If the goal is rental income, ready properties, both residential and commercial, are a suitable choice.
