: 2019-06-22 Modified date : 2019-06-28
A number of those wishing to own new properties are seeking to buy a property on the map in order to get the best possible price from the construction company.
Many Arab and foreign investors also turn to own a property in Turkey for many purposes, most notably lower prices compared to European countries. The secure environment in this country, as well as the developed infrastructure and the rapid growth, witnessed by Turkey, not to mention the laws and incentives and encouragement issued by the Turkish government from time to time. In particular, the amendment of the law related to the granting of Turkish nationality to anyone who owns a house or property worth $ 250 thousand, which encouraged many owners of capital and investors, and even the citizens of some neighboring countries, to choose Turkey for stability and investment.
Certainly, not all people looking to buy an apartment in Turkey are aware of the developments in the real estate market in terms of prices, advantages, and risks, because of lack of knowledge of some of the necessary things. Therefore, it is important to get help from a reliable consultant that gives a complete picture of the real estate market that in turn protects the investor before and after the purchase of the property, for fear of falling into any fraud.
Many investors are looking for a home in Turkey by buying property in projects under construction or buying a property on the map. This type of sale is described as cheaper than buying ready-made properties but requires the construction company to wait until construction is completed.
Buying on the map is often done by buying a virtual property in a property that has not yet been built. In this case, the buyer will be satisfied with the description and information obtained from the seller, but it is highly probable that the buyer will be surprised by the appearance of defects in his property upon receipt Contrary to what was agreed upon with the construction company.
Buying a property on the map has some pros, as well as some important caveats.
The aspiring buyers to buy an under construction apartment should pay attention to some important details, which may surprise them when they receive the property, such as facing defects and malfunctions in the interior of the house, or things that contradict what was agreed upon in the contract of sale, Errors of some construction companies.
Therefore, the investor, or who buys an apartment on the building plan, must not pay the property’s installments at once before finishing the construction process, as the remaining amount shall be a guarantee in the hands of the buyer, in which case the construction company shall preserve his right in the case of default.
It is essential for the buyer to buy a new property in Turkey to take into consideration some of the essential matters, and to follow tips that will secure a sound and satisfactory purchase, especially when buying an apartment on the map, and the most important:
There is no doubt that buying the property on the map means a good difference in price in favor of the buyer. However, waiting until the building is ready, with freezing the capital for a long period, and the risk of receiving the property within the agreed specifications, makes the purchase on the map an option that needs to be reconsidered so that the buyer will be shocked when receiving his property.
Therefore, we believe in Imtilak Real Estate that buying a ready property for investment or housing is more secure and guaranteed, as it is better not to freeze the capital for a long time, in addition to the possibility of previewing all details of the bought property, to avoid the above-mentioned caveats.
Through its projects across all Turkish territory, Imtilak Real Estate aims to provide the best real estate options in the most important real estate projects, providing all the services and quality, and giving free real estate tours for those wishing to own properties in Turkey.
Edited by: Imtilak Real Estate©
Source: French newspaper Le Figaro
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