Buying off-plan developments properties that are sold before they are completed—offers several potential benefits for investors and buyers.
Properties are often priced lower compared to completed properties and buyers can lock in a price before the market value increases, potentially offering significant capital gains by the time the property is completed.
Capital appreciation can be advantageous as the project progresses, where property values in the area may increase, leading to higher market values by the time the property is ready.
New construction developments typically meet the latest building codes and energy efficiency standards, which can lead to lower maintenance costs and improved comfort.
Longer-term payment plans may be offered in installments throughout the construction process, which can ease the financial burden. The final payment is usually due upon completion, allowing time to save for the last portion of the cost.
If buying as an investor, especially with off-plan properties in growing areas can provide a strong rental yield once completed.
Warranty and Guarantees often come with new builds, which provide buyers with peace of mind regarding any defects or issues that may arise in the early years of ownership.
Some regions offer tax incentives, rebates, or other financial benefits for new developments, especially those under certain conditions (e.g., energy-efficient homes).
Why Buy or Invest in New Real Estate Developments in Turkey.
Turkey has a strategically important location at the crossroads of Europe, Asia, and the Middle East, making it a key player in global trade and economic development. Despite some political and economic challenges in recent years, the country has shown resilience and continues to offer growth potential.
Turkey has long been a popular tourist destination, and the country continues to see growing numbers of international visitors. Areas such as Antalya, Bodrum, and Fethiye are seeing increasing demand for short-term rental properties, which makes them attractive for real estate investors.
Foreign investors in Turkey are allowed to buy property and have the same legal rights as Turkish citizens. The legal process for purchasing property is well-regulated, offering safeguards for investors, including clear property titles and protections against fraudulent transactions.
Investing in real estate in Turkey can be a smart move for both short-term gains and long-term portfolio diversification. However, like any investment, it’s important to conduct thorough research, understand the local market dynamics, and consult with legal and financial professionals before committing to a purchase.
