The Republic of Turkey is one of the most popular countries where foreigners from all over the world come every year to purchase housing.
Along with the objective advantages of a resort power (beautiful nature, sun, sea, favorable climate), there are good apartments at an affordable price for holidays and permanent residence.
Of course, the criterion of “affordability” of prices is different for everyone and can vary from tens to hundreds of thousands of dollars.
For some, buying an apartment from a developer in Mahmutlar for $100,000 is quite an acceptable option, while others will look for ways to save their budget and find housing with the possibility of obtaining an instalment plan or a mortgage.
Inexpensive real estate in Turkey – what to look for
There are several ways to purchase inexpensive real estate in Turkey:
Purchase from the developer
Is it worth it to buy housing during the construction phase in new buildings in Mahmutlar? Yes, of course, if we are talking about a reliable developer.
Development companies welcome investment in construction, including at the stage of excavation. The earlier your capital is invested, the cheaper the final price per square meter will be (up to 30 percent savings of the total cost). An additional bonus is the ability to adjust the layout and decoration to suit your needs.
As you know, Turkish builders build well, quickly and efficiently. Therefore, investments in inexpensive housing under construction in the popular regions of the Republic of Turkey are a tasty morsel for many foreigners.
Choice of property in developing areas
When choosing options, we recommend that you find out in advance where the cheapest real estate in Turkey is located and what it is connected with. Often in resort towns, such as in Mahmutlar, one of the factors affecting pricing in the market is the level of infrastructure development.
If this is a new area where active construction is underway not so long ago, then you can count on buying relatively cheap real estate. At the same time, far-sighted buyers know that in just a few years, given the active pace of construction and improvement of new quarters, the same apartment will be valued much more expensively.
The price per square meter is affected by the geographical location – the farther the area from the sea, the cheaper the property. The exception is comfortable houses built on the slopes of the mountains with excellent views of the sea and mountains.
Purchase with discounts and bonuses
Another option for buying inexpensive real estate in Mahmutlar, as well as in other Turkish cities, is discounts and bonuses from developers. They can offer competitive prices in order to advertise the completed complex among their potential clients or to sell the last apartment in the house.
The only caveat is the short duration of such tempting offers, which means you need to be on the alert, or seek help from real estate brokers. In some cases, developers may offer after-sales services, under which the repair or purchase of furniture and appliances is a gift or at good discounts.
Secondary market, urgent sale
Do not forget about offers in the secondary market. Sometimes, for one reason or another, owners are ready to sell their apartments cheaply, while the buyer receives not only an affordable price (10-15 percent below the market price), but also an acceptable state of repair, interesting finishes and a good location.
If this option suits you, the right decision would be to cooperate with brokerage companies that promptly provide information to their clients. As a rule, in a purchase and sale transaction, you will need to pay the entire amount at once.
Instalment purchase
A good way to buy inexpensive real estate in Mahmutlar is by instalments from a construction company. Instalment without interest is practiced, where the repayment period may be different, depending on the conditions of the developer.
The second option is mortgage lending in one of the Turkish banks. We recommend that you carefully study the conditions, interest rates, the size of the down payment and other nuances.
Acquisition with partial renovation
The higher the stage of readiness of the apartments, the more expensive the cost per square meter is estimated. For turnkey premises, naturally, the price rises. For most popular resort towns in Turkey, buying an apartment with an unfinished renovation is a rare occurrence.
Builders commission apartments almost completely ready for living, and the new owner will only have to take care of filling the rooms with furniture, appliances, climate control equipment, textiles, and decor.
Property for sale in Turkey
Yektahomes.com offers the catalogue of the real estate in Mahmutlar and other parts of Turkey. Go to the website, check out the prices and you will be surprised!
