Becoming a property owner in Turkey is available to most foreign citizens. Obtaining a residence permit and Turkish citizenship through the acquisition of real estate has made the country even more attractive to foreign buyers. Also in Turkey, interest-free installments are popular making the first payment. It is provided by the developer.

The registration procedure is quite simple and short, which attracts many buyers from abroad. Today, any foreigner can get a mortgage loan from a Turkish bank. In this , the collateral will be the acquired property, which becomes the property of the buyer immediately after the loan is issued. Thanks to the possibility of obtaining a mortgage loan in Turkey, foreign investors have become more active in the Turkish real estate market, acquiring not only budgetary, but more expensive housing.

A loan for the purchase of real estate in Turkey is issued both for apartments in the secondary market and for new buildings, provided that the facility is 80% ready. To get a mortgage to buy real estate in Turkey, a foreign citizen needs to study the rules for applying for a loan, collect a package of documents and apply to the bank. Real estate agency NAS-A HOMES is always ready to help its foreign clients in this procedure, which will make the buying process much easier for you.

Among the conditions of mortgage lending in Turkey are the following. There are no restrictions on the loan amount. The loan is issued for up to 50% of the appraised value of the property. Every month the borrower pays no more than 50% of his official income. The initial payment is approximately 60% of the total loan amount. Loan term - from 1 year to 15 years. The interest rate on the loan is fixed for the entire repayment period. The minimum amount is 10,000 Euros. The maximum amount of a mortgage loan depends on the conditions of a particular bank, on average it is 250,000 Euros.

The age of credited foreigners is from 21 to 65 years. In of early repayment of a mortgage loan in Turkey, a penalty of about 2% of the remaining amount is provided. The bank is required to provide an expert assessment of real estate (the cost is about 150 Euros, it is prepared within 2-3 weeks). If a positive response is received from the bank, the offer remains valid for 4 months. If the buyer does not use the loan during this time, then the registration procedure will have to be repeated. Making a loan takes about three to five working days, you can get it for a period of 7 to 15 years. For Russians, Ukrainians, Kazakhstanis and citizens of the former CIS countries, Turkish banks usually issue a loan in the amount of 30 to 50% of the value of the property.

At the same time, the interest rate may vary slightly depending on the term of the mortgage. Loans to foreign citizens for the purchase of real estate are provided by state and commercial banks. Before applying for a loan, it is best to consider the offers of several banks in order to choose the most profitable one.

If you want to take out a mortgage loan to buy property in Turkey, it is better to seek help from licensed real estate agencies. We will help you choose not only the best real estate option according to your request, but also favorable conditions for a mortgage from one of the Turkish banks, as well as help with the preparation of a package of documents for the bank.