investments legislation in Turkey Characterized simplicity and compatibility with international standards, that it is investigating the equal treatment of all investors. The backbone of the legislation to encourage investment and employment No. 5084 Act, the foreign direct investments No. 4875 consists, Where it is running the latest amendments to the current law on the introduction of further improvements in the investment environment in Turkey.
So, If you do not wish to pay the price of the property in Cash and you wish to pay it with a payment plan like monthly or quarterly payments,
there is two ways about payment when buying a property in Turkey.
First, the payment options for a ‘ready to move in’ property is different than that at the under-construction or planning stage.
1-Mortgage: it is not very common in Turkey to foreigners although it is new. but Some of Turkish banks provide mortgage for investors.
We will assist you in all the paperwork. to get a mortgage as about 50% of the appraised value of your real estate in Turkey.
2-Developer finance: some off-plan projects that we have An exclusive contract with, provide its own financing. like a down payments according to the payment options of the projects.
this information depends on the project so Risestanbul will provide you with it to have an easy way to finance the property you wish to purchase.
- The named purchaser and / or officially appointed representative are the only individuals who have the authority to sign the ownership and legal documents (TAPU). The named purchaser and / or assigned representative are obligated to attend personally to the appointed office in order to finalize and collect all the required purchase documents.
- A copy of the buyer’s valid current passport.
- 2 colour passport photos.
- If the property is being bought as a joint venture, copies of valid passports and passport photos are required for each individual involved.