In Turkey, the opportunity to buy property at any stage of construction, including the very foundation stage, is a unique advantage available to both citizens and foreigners. Buying property during the initial construction phase offers several compelling benefits:
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Price Advantage: Properties at the foundation stage come with the most attractive price tags. You can expect these properties to be 25-30% more affordable than fully completed ones. As construction progresses, property prices tend to rise, making the foundation stage the most cost-effective time to invest.
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Flexible Payment Terms: Turkish developers typically provide installment plans for buyers during the construction phase. Payment is usually required in full before the residential complex is handed over. Therefore, the earlier you make your purchase, the longer you'll have to pay for it. These installments are typically interest-free, which means you can lock in the lowest cost while paying in manageable installments.
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Wide Choice: Buying property during the foundation stage is a popular practice in Turkey. By the time construction is complete, many units are often already sold. The most desirable options tend to be snatched up first. Purchasing at the foundation stage allows you to choose the specific apartment with the floor, views, and characteristics that suit your preferences.
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Customization: Those who invest in property at the early construction stage have the unique opportunity to customize their future home. You can choose different types of flooring, alter wall colors, or request specific plumbing fixtures. In some cases, you can even negotiate changes to the room layout, provided it complies with the overall building design and safety regulations. Developers are often willing to accommodate such requests, allowing you to create a personalized living space.
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Safety and Timeliness: Residential complex construction in Turkey is subject to stringent oversight. Various construction stages have predefined timeframes and are monitored by state commissions. Delays can result in substantial fines for developers, and in rare cases, the construction license can be revoked, leading to another company completing the project. As a result, property delivery is generally on time. Construction typically takes just one to two years, making you a property owner relatively quickly.
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Profit Potential: Property prices not only increase as construction nears completion but also appreciate steadily over the years. Investing in property during the construction stage not only preserves its value but also allows for long-term appreciation. This presents an opportunity for significant profit when selling a completed property in the future.
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Reliability: To ensure a secure transaction and select a reputable developer, especially for foreign buyers, it is advisable to work with real estate agencies. For example, our agency exclusively partners with trusted and verified construction companies. We take full responsibility for the purchase and ensure all legal requirements are met. When you collaborate with us, you gain access to a variety of investment opportunities from different developers, making the selection process more convenient. Riviera Homes experts will guide you throughout the entire process, guaranteeing a secure and successful transaction.
Purchasing property at the foundation stage is not only advantageous but also a convenient and secure choice for anyone looking to invest in Turkish real estate.