One of the most important real estate investment laws in Turkey is the real estate finance law that was issued in 2007 in preparation for other laws that facilitate the purchase of real estate in Turkey.
According to the real estate finance law provided to investors to facilitate the purchase of the property, the maximum amount of the mortgage loan is 70% of the value of the property, or they can take advantage of the mortgage offered by banks to investors also in order to buy the property, but the mortgage is only available in large cities such as Ankara, Istanbul, Antalya, Izmir ... where the interest of the bank against this mortgage is 4.5 - 7.5%, as the monthly installment does not exceed one third of the income of the property buyer.
When buying real estate through real estate financing or mortgage, documents that prove the investor's income must be submitted, such as: bank statements, employment certificates and other necessary documents.
Mortgage Terms in Turkey:
• The repayment period shall not exceed 10 years.
• The age of the real estate buyer should not be more than 80 years.
• The term of repayment installments should be between 3 months to 10 years.
• The construction readiness should not be less than 80%.
• Delivery of the title deed within a maximum period of three months.
