Projects with government guarantees in Turkey
Projects with government guarantees in Turkey are a unique investment opportunity, as the Turkish government provides a full guarantee to investors in these projects. Therefore, many investors are interested in the projects with government guarantees. To know more about these projects and how to buy a property with government guarantees.. Read this article from Ebla Real Estate.
Projects with government guarantees in Turkey:
The phrase “Projects with government guarantees” means projects were established on the basis of a partnership between government sector institutions, such as architectural departments and municipalities, and the private sector is represented by real estate developers in Turkey that are carefully selected according to their market reputation, experience and the quality of their projects.
The partnership contract is based on an agreement through which government construction companies provide a plot of land “owned by the state” to private construction companies that are entrusted with the task of construction.
How to buy a property in projects with government guarantees in Turkey:
- Visit the projects with government guarantees to see the specifications, location, view, and more.
- Go to the main office of the government company.. Whether it is a Toki or another one, in order to reserve the apartment.
- Signing the sales contract between the customer and the Turkish government and paying the first payment.
- Receiving the apartment and following up the payment of the installments.
Advantages of buying a property in a project with government guarantees in Turkey:
- The Turkish government only deals with Turkey’s well-known real estate developers.. Meaning the property will be 100% guaranteed in terms of construction safety, licenses and delivery dates.
- Moreover, the prices of real estate projects with a government guarantee are often appropriate, that is, they are not exaggerated.
- Furthermore, the added level of security provided by a government guarantee gives buyers peace of mind that the project will be completed and delivered as promised.
- The government guarantee on projects also protects them from the risk of bankruptcy and some problems such as licensing problems.
- Most of the projects that are guaranteed by the government are provided in their area with all the necessary services and facilities such as shopping centers, schools, transportation, mosques, etc.
Turkish government construction companies:
Emlak Konut:
It is one of the largest real-estate developers in Turkey, established in 1987. It belongs to the Administration of Urban Development. Between the years of 2003 and 2017 it has constructed 130,000 residential units within 132 projects.
Emlak Konut oversees construction at all stages, from planning to quality materials, from infrastructure to landscaping. It monitors problems that may arise after the real estate handover, sends an expert delegation to solve problems if necessary and ensures that the project is carried out in accordance with the contract. All projects undertaken by Emlak Konut so far have been delivered to the property owners on time.
The most important standards for Emlak Konut:
- It will not approve a project that is not in compliance with the law and legislation.
- Emlak Konut takes human-centered concept and comfort living as a priority in the preparation of projects.
- Moreover, Emlak Konut will not approve the sale in a project without having proper construction permits and all the necessary approval certificates.
- Emlak Konut also will check the validity of all the materials. Before using any material, it tests them according to international standards.
- Furthermore, it makes 5-dimensional modeling of all buildings. It also demands dynamic analysis of buildings in case of the most severe earthquakes.
- All the contracts signed with Emlak Konut are made with the presence of an official notary with the annexation of all required documents and supporting files to avoid any question marks or gaps after sale.
- Before the final delivery, Emlak Konut will re-examine and check for the suitability and quality of every part of the completed construction.
- After the %100 completion of construction, the Servitude Deed, Occupancy Permit (settlement) and Property Ownership Deed are issued and registered.
- It also makes a definite acceptance of the project under the supervision of an expert team at least 1 year after life starts in the project.
- In addition, the buildings implemented by Emlak Konut Company are resistant to strong earthquakes.
Toki:
TOKİ is a government-backed housing agency subordinated by the Ministry of Environment, Urbanization and Climate Change of the Republic of Turkey, created specifically for the production of social housing.
In 1984, the Department of Collective Housing and General Partnership was created. The organization was established to serve the needs of the state in building healthy public housing under the principle of the social state, and it continued its activities in this direction.
This company is keen on creating projects for housing and infrastructure strengthening places where natural disasters occur, completing credit projects for developing village architecture, transforming slum areas, and preserving and renovating the historical buildings.
Advantages of investing in Toki projects:
- The affordable prices.
- The ability of re-selling the property with considerable profit.
- The distinctive surroundings of its projects.
- It promotes long-term real-estate investments.
Thus, this was the most important information about real estate projects with government guarantees in Turkey.
To buy a property in projects with government guarantees in Turkey, do not hesitate to contact Ebla Group.
Edited by: Ebla Group Real Estate
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