Pros and cons of buying a housing under construction in Turkey in 2024
Advantages
Reliability. Purchasing under-construction real estate in Turkey is absolutely safe: the residential complex will be completed and delivered on the promised dates. Stringent laws in the country ensure that developers avoid long delays or incomplete projects, as these could lead to losing construction licenses and incurring substantial fines. Developers carefully plan their projects, and various committees regularly inspect the construction sites to monitor every stage of development, ensuring adherence to the schedule.
Choice. Buying during the construction phase offers more options. You can select a unit that fits your preferences best, including floor level and view. Typically, the best apartments in a development sell out during this phase, so the earlier a decision is made, the better. Additionally, Turkish developers may modify aspects of an apartment according to the buyer's wishes, such as changing the design or installing specific fixtures, provided these changes are feasible and do not compromise the safety and quality of the property.
Quality. Speaking of quality, Turkey has strict regulations not only for the construction process but also for the materials used in construction and finishing. Only licensed materials are allowed, ensuring modern buildings are safer and more resilient than those constructed a decade ago.
Infrastructure. Many new residential complexes, especially in the south of the country, boast amenities comparable to 5-star hotels, including water parks, cinemas, fitness centers, and saunas—features that were uncommon in Turkish developments not long ago.
Cost-Effectiveness. The primary draw for many is the financial benefit. Apartments in buildings under construction are always cheaper than those in completed developments. Moreover, the earlier in the construction phase the purchase is made, the lower the price. Turkish developers also offer interest-free installment plans where the buyer makes an initial deposit and then pays the rest in installments until construction is completed, all without interest.
Drawbacks
Waiting Period. The main disadvantage is the waiting period. If immediate move-in is required, it might be better to consider newly completed buildings or the secondary market. However, if waiting is an option, the buyer stands to save significantly.
RestProperty, a licensed real estate sales company in Turkey, offers a selection of apartments, penthouses, townhouses, and villas in residential complexes under construction. We can help you find investment properties in various cities, advise on purchasing, and assist with transaction procedures. We collaborate only with reputable developers, ensuring our clients receive full legal support throughout the transaction. Contact us at the number one real estate sales company in the Turkish Republic!
