What are real estate projects with government guarantee: they are the projects that were established through a partnership between a government construction company and a private construction company by providing a stse land from the government construction company and the private company establishing real estate on it, and it is called a joint sector here. There is also a second method , they are projects with a full governmental guarantee, meaning that the land and the construction company are both governmental, these projects are mostly on the outskirts of cities
The third method of the government guarantee is the projects in which the land is from the Turkish government and a Turkish construction company contributes to building real estate on it, along with a private construction company
The government guarantee is one of the measures taken by the Turkish government in a government attempt to guarantee the right of the investor, but this does not mean that the government guarantee projects are the best at all, as there are construction companies in Turkey with a good reputation and excellent experience that fully guarantee the foreign investor his right.
Features of government guarantee for projects:
Firstly, the moral guarantee of the foreign investor regarding the finishes and handover date as well as everything that was agreed upon and mentioned in the sale contract
Second: The prices of real estate projects with a government guarantee are often appropriate, that is, they are not exaggerated
Third: Government guarantee projects are sold to a foreigner and to a Turkish citizen at the same price
Fourth: Government guarantee projects are often part of an entire region project, so their services and facilities are excellent
Disadvantages of projects with government guarantee:
Real estate projects with government guarantees adopt classic and sometimes old designs, since the main target is to expand residential projects and not design and other features
As we said, that most of the projects with government guarantees are on the outskirts of the city and perhaps outside it as well for the same previous reason that the goal of the Turkish government is to expand and housing
Investing in projects with government guarantees is often unprofitable, because of their designs, which are often classic, unlike the projects of construction companies that are characterized by modern and eye-catching designs.
The last drawback is that it is true that the investor guarantees the receipt of the property from the Turkish government, even after a while, but projects with government guarantees often delay the delivery date and may reach a year in some cases.
