Buying Property in Turkey in Installments – Complete Guide

Buying property in Turkey in installments is one of the most popular methods among both domestic and foreign buyers, as it reduces financial pressure and makes investing easier. In this article, we will review the steps, conditions, and important points of this type of purchase.

1. Choosing a Reliable Project or Developer

In Turkey, installment sales are usually offered by construction companies or ongoing/new projects.

• Most projects start with a down payment of 30% to 50%.

• The remaining amount is paid in monthly or quarterly installments.

• The installment period varies from 12 to 36 months depending on the project.

Tip: Always check the developer’s track record and choose projects with legal permits and a history of on-time delivery.

2. Reviewing Payment Terms

The payment conditions for each project differ, but the most common arrangements include:

• 0% interest for short-term plans

• Fixed monthly installments until the project delivery

• Option to pay earlier and receive a discount

Recommendation: Ensure all installment details are recorded in writing in the contract before signing.

3. Signing a Preliminary Sales Agreement

After agreeing on the price and payment terms, a Preliminary Sales Agreement is signed. This contract includes:

• Total property price

• Amount of down payment

• Number and amount of installments

• Property delivery date

• Penalty for delays or contract cancellation

4. Special Conditions for Foreign Buyers

Foreign buyers can benefit from installment payment plans but should note:

• For Turkish real estate residence permit, the property value must be at least USD 200,000.

• For Turkish citizenship, the property value must be at least USD 400,000 and must not be sold for 3 years.

• Payments must be made through an official bank account and registered via SWIFT transfer.

5. Title Deed Transfer (TAPU)

In many projects, the title deed is transferred after the full payment of installments. However, in some cases, it is possible to receive the title deed earlier with a bank guarantee.

6. Additional Costs

When buying property in installments in Turkey, you should also consider the following costs:

• Registration and service fees: ₺5,000 to ₺10,000

• Official translator fees: ₺3,000 to ₺4,000

• Lawyer’s fee (if needed): Negotiable

7. Advantages and Disadvantages of Buying in Installments in Turkey

Advantages:

• No need for full investment upfront

• Zero interest in many projects

• Opportunity to choose modern and newly built projects

Disadvantages:

• Cannot sell quickly before full payment is made

• Price fluctuations risk in ongoing projects

• Possible delays in project delivery

Conclusion

Buying property in Turkey in installments is a safe and economical method, provided you choose a reliable project and ensure that all payment and delivery conditions are clearly stated in the contract. Working with professional real estate consultants and specialized lawyers can help prevent potential issues.