Investing in real estate under construction in Türkiye
Not long ago, many investors preferred buying ready-made real estate rather than living in Turkey because they believed it was the best way to invest in real estate. But after the idea of buying under-construction properties became widespread and the resulting large profits resulted, Many eyes turned to it, and Arab and foreign investors took the initiative to reserve their properties from the beginning of laying the foundation stone for the project. You can rely on Encomgalaxy Real Estate Company to choose the appropriate property for investment. Through this report, we will highlight the advantages and disadvantages of investing in real estate under construction in Turkey.
Advantages of investing in real estate under construction in Türkiye
Turkey has many residential projects under construction, and these projects have recently become the most popular and preferred by foreign and Arab investors. This is due to the following advantages:
- The property under construction provides the investor with the opportunity to pay its value in installments. Encomgalaxy provides investors with flexible installments, with the installment period ranging from 12 to 60 months.
- When you buy a property under construction in Turkey, this means that you will get the best attractive offers. Real estate companies provide attractive discounts to ensure the project is launched on the first installments of the property value.
- Experts consider investors who buy a property under construction to be the luckiest. The property under construction is less expensive and more profitable. The reason behind this is that the price of the property under construction is lower than the price of the ready property. The investor can sell or rent it, and in both cases he will receive a double profit rate.
- The investor in the property under construction can make any modifications he wishes to the divisions of the residential unit and modify the spaces.
Disadvantages of investing in real estate under construction in Türkiye
Despite the advantages we mentioned of investing in real estate under construction, However, there are some disadvantages that must be taken into account, which is next:
- The biggest disadvantage of investing in a property under construction is delaying the delivery of the project beyond the agreed upon date.
- Another disadvantage is the risk of bankruptcy of construction companies.
- There are some cases in which the property is delivered in violation of the specifications provided by the company in the project plan and photos.
Tips to consider when purchasing a property under construction
In order to obtain a unique real estate investment opportunity in properties under construction, you must follow the following tips that will ensure a reliable and satisfactory purchase for you:
- First, you must review the terms of the sales contract and all agreed-upon details must be registered manually with the signatures of all parties.
- Avoid paying the full price of the property before the completion of the construction process and receipt of the property. You must commit to paying the installments on time until the delivery date.
- Buy your real estate unit from Encomgalaxy, a leading real estate company that provides reliable services and has a well-known entity.
- Ask the company for all the details about the property in terms of its location and proximity to public facilities.
- Choose the property in the right place and make sure that the location has a strong infrastructure and has improvements in the future that will increase the value of the property.
- Make sure that the real estate contract includes detailed details about the property in terms of the full and net area of the property. Number of rooms and division of the property.
- You must specify the agreement document with the company and include the date of signing the final contract and the expected delivery date.
- Be sure to consult an architect regarding the property specifications.
- It is recommended to write a penalty clause in the contract in the event that the construction company is late in delivering the property.
Encomgalaxy Real Estate Company
Encomgalaxy is one of the leading real estate companies in discovering high-end and unique real estate opportunities. This is due to our having a team with deep experience in the real estate market.
The company offers unique investment solutions that suit a wide range of real estate needs. We provide and develop a variety of residential projects ranging from luxury apartments, villas, palaces and plots of land. The company has strategic partnerships with official bodies and investors on a global level.
Why is Encomgalaxy considered one of the most famous real estate investment companies in Turkey?
Real estate opportunities come in many shapes and sizes. Whether you are looking for low or high prices, Complete properties, ready for occupancy or properties under construction, Close to sea views and public amenities, Are you looking for an investment opportunity to improve your lifestyle or increase your income? Encomgalaxy provides you with the best real estate opportunities that suit your needs.
Join us now and discover the best real estate opportunities we offer you.
We at Encomgalaxy know that every investment has its own character and that all businessmen are looking for investment opportunities that keep pace with their ambitions. That is why we have created a special section for luxury real estate for the VIP business elite, designed specifically for them in most Turkish countries, such as Istanbul and others.
We offer you the opportunity to invest in unique and distinguished properties that keep pace with your ambitions and aspirations. Join Encomgalaxy and discover real estate investments in new dimensions.
Services provided by Encomgalaxy in the field of real estate investment
Encomgalaxy is considered one of the most famous companies specialized in the field of real estate in Turkey. With years of experience, our company launched in the world of real estate investment, relying on our determination, endeavor, and long experience in the field. This is due to the distinguished services we provide to our clients:
- Properties Management: The real estate market requires buying and selling. We provide our customers with after-sales services, renting the residential unit, and paying monthly returns and dues.
- Investment: The majority of businessmen are keen to invest in real estate after purchasing, as we guarantee you the best investment opportunities that you will get with huge profitable returns.
- Obtaining Turkish citizenship: We offer you the best real estate opportunities that make it easier for you to obtain Turkish citizenship by owning a property in luxury projects.
- Real estate consultancy: We provide you with the best real estate advice and help you choose the most suitable home of your dreams, taking into account your budget.
Conclusion
Turkey has become the best destination for businessmen and people who have sums of money that they want to invest in a guaranteed manner and obtain double profitable returns. Turkish cities are distinguished by their many residential projects, some of which are ready for housing and some are under construction. You can invest in real estate under construction in Türkiye at a low cost and with great profit. We at Encomgalaxy will help you choose the most suitable real estate unit and when is the right time to buy a property under construction. Join us and enjoy an unparalleled real estate experience.
