An apartment in installments in Bursa – What are the advantages and disadvantages of buying an apartment in installments in Bursa?
Buying real estate in installments in Bursa has become a good option for many investors, as investors in Bursa can buy apartments in convenient installments for long periods of 240 months or more. Therefore, in this article from Ebla Real Estate, we will provide a guide on buying an apartment in installments in Bursa.
Can foreigners buy an apartment in Turkey in installments?
It is possible for locals and foreigners to buy property in Bursa in installments. Turkish law did not bind the buyer to specific conditions when buying an apartment in installments.. There are only conditions that follow the conditions for buying the property itself.
Buying an apartment in installments is a sound financing choice since it allows investors to own a home with a delayed ownership contract until the full purchase price is paid.
It is worth noting that Bursa provides the foreign citizen, as well as the Turkish citizen, with many opportunities to purchase an apartment in installments with legal guarantees and good installment plans.
How to buy an apartment in installments in Bursa?
There are two ways to buy an apartment in installments in Bursa, Turkey:
Through the direct purchase of apartments from brokerage companies:
Communicating with the construction company directly is the traditional method.. As the company organizes a formal sale contract, in which the value of the payments and the method of payment of installments are determined.
Through a bank loan:
It is one of the available options for foreigners in Bursa to buy a property in installments; As the foreigner can benefit from loans from one of Bursa’s banks.
The bank buys the property and then sells it again to the buyer by placing a mortgage on the sales contract. The mortgage is canceled when paying the full amount.
However, some banks require payment of between 30-40 % of the property value as a down payment.. And the monthly installments are often less than the installments of the construction company.. But the real price of the property becomes more expensive than its original price.
Advantages of buying an apartment in installments in Bursa:
- Not putting the investor’s financial ammunition in one basket.
- Instead of the investor investing a certain amount of money in one property by paying its entire price in one go.. The investor can buy several different assets in installments with the same amount of money.
- The option of buying apartments by installments is an ideal option.. To secure adequate housing for the family quickly by paying an acceptable down payment.
- In addition, there are many offers to buy an apartment in installments with various options in different areas of Bursa.
Disadvantages of buying an apartment in installments in Bursa:
- Late payment of apartment installments leads to fines and penalties.
- The title deed document (Tapu) is not delivered until the full installments are paid.
- The prices of the apartment in installments differ from the cash payment, as they are more expensive.
- If the buyer does not complete the installments, the contract will be canceled.
Ebla real estate offers available for sale in installments in Bursa:
Ebla Real Estate offers properties in the best areas of Bursa, available for sale in installments, ranging from two-bedroom apartments up to six-bedroom apartments, villas in Bursa, lands in Bursa, shops in Bursa and many others.
Among the best projects in installments in Bursa are Eb-273 and Eb-294.
Contact us for more information about the offers of apartments for sale in installments in Bursa, Turkey.
Edited by: Ebla Group Real Estate
If you like the topic, do not forget to share it with your friends.
