The Turkish government guarantee projects mean that the project is established on the basis of participatory

Advantages of buying a property with the guarantee of the Turkish government

Date:

Thursday, January 12, 2023

The Turkish government guarantee projects mean that the project is established on the basis of participatory

The construction sector in Turkey is one of the most active economic sectors, which plays a "major" role in the prosperity of the Turkish economy at the regional and global levels, due to the great demand for Turkey and the influx of foreign direct investment into the huge projects implemented by construction companies.

Many construction companies in Istanbul started to launch residential and commercial projects in partnership with the municipalities of Istanbul, and the principle of partnership with the government began to spread in the real estate sector , and this is due to the increasing demand for real estate guaranteed by the Turkish government ( projects guaranteed by the Turkish government ), so what is meant by Turkish government projects and what are their advantages .

The Turkish government guarantee projects mean that the project is established on the basis of partnership between the government sector represented by its construction institutions and the private sector represented by construction companies. The ownership of the land belongs to the Turkish government, as it allocates the land to the construction company to play its role in building and implementing the project, with government companies bearing responsibility for marketing and Sale of implemented projects with guarantee.

What is the method of buying a property in Turkey with a project belonging to the Turkish government:

The buyer of the property in Turkey inspects the property on the plans, location, and view before making the purchase decision, then he must book the apartment and go to the head office of the government company, and when permission is signed, a contract is signed between the property buyer in Turkey and the Turkish government, and the first payment is paid, and then the apartment is received Follow-up on the installments recorded in the contract, and the real estate owner in Turkey can benefit from the available discounts.

What are the advantages of buying a property in Turkey with the guarantee of the Turkish government?

* The government guarantee includes guaranteeing the progress of the project, completing its construction completely, and handing over the title deed to the owner of the property in Turkey . The Turkish government also supports the area in which the project is located and provides it with all services and facilities from the educational sector such as schools , kindergartens, the health sector such as hospitals, and many other services.

And let's not forget the Turkish government's follow-up to the project by visiting a special delegation to inspect the model apartments in the sales offices. The government guarantee is also carried out according to a contract that is signed upon purchase with one of the companies directly affiliated with the state and registered with the notary.

Contracts in government projects are of two types:

1- Assignment contract, and the contract is used when buying the property from a Turkish citizen, where he assigns the purchase contract to the investor, and thus the entire installment plan is transferred to the investor.

2- A direct contract between the foreign investor and the government sector directly, and he is the first owner of the property, but it is not always possible to obtain long-term installments

When buying a property in Turkey, you must know some important tips that help you to complete the purchase process with ease and without making mistakes that you do not have to make, including:

1- One of the first tips is to consult a real estate expert who gives you investment advice that you need when buying a property in Turkey

2- Make sure to have a real estate appraisal report.

3- It is important to complete all the procedures for buying a property in Turkey in the Tabu Department, as any unofficial contracts or contracts issued by a notary are considered insufficient and do not prove that the ownership of the property is legal and official.

4- Ensure that there are no restrictions on the property, such as mortgage or seizure signs that prevent the buying and selling process

5- The need for the real estate owner to verify that the real estate data registered in the bond matches the real property.

6- It is necessary to ascertain the main purpose of purchasing the property , which is meant here whether the property is commercial or residential.

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