Off-plan residential complexes in Turkey

Off-plan properties in Turkey

Choosing an off-plan property for investment and living requires thorough market research and preparation. Here are some key factors to help you make an informed decision:

1. Location and infrastructure: Assess the property's location, considering factors such as proximity to schools, kindergartens, hospitals, public transport stops, supermarkets and other amenities. Buyers should pay attention to the overall infrastructure development in the area, as this can impact both property value and liveability;
2. Financial considerations: Analyse the developer's costs and payment terms. Compare prices with similar properties in the same neighbourhood to ensure they are reasonable. Explore payment plan options and consider whether they fit within your financial capacity. Additionally, find out in advance about any additional costs, such as maintenance fees, taxes and utility hook-ups;
3. Potential Risks: Before finalising a deal, buyers should be aware of the potential risks associated with buying an off-plan property. These typically include construction delays and market fluctuations.

Off-plan properties by developers in Turkey for investment

What justifies the interest in off-plan property for investment in Turkey:

1. Capital growth maximisation: The cost of off-plan properties can be reduced by 15–30%, as developers offer such discounts to attract buyers in the early stages of the project. Prices typically rise as construction progresses towards completion. Once the property is handed over, investors can immediately benefit from resale profits or adopt a buy-and-hold strategy to achieve long-term capital gains. The buy-and-hold approach remains relevant, as prices of ready-to-occupy housing continue to rise. In May 2024, property prices in Turkey increased by 71.7% year-on-year, with costs rising steadily for the fourth consecutive year;
2. Potential for higher rental yields: As investors spend less money on buying an off-plan property, they have the opportunity to recoup their investment through rental income in a shorter period. The average profitability of housing in Turkey is 7.13% per annum, as per data for Q2 2024. Major cities and popular tourist destinations offer the best conditions for generating rental income. For example, houses and apartments in Istanbul yield 6.63%, in Ankara 8.19% and in Izmir 7.22%;
3. The possibility of an interest-free instalment plan: Developers often offer flexible payment plans for those looking to buy off-plan in Turkey. These plans may include instalments during the construction phase or a down payment followed by instalments once the property is handed over. Typically, the buyer pays 10% of the property price to reserve the property;
4. Personalisation: Many development companies invite investors to join at the excavation stage, allowing them to customise the layout, finishes, furniture, plumbing and other details as per their preferences. This enables investors to create a personalised living space or make the property more appealing to future buyers and tenants;
5. Security: Turkish developers typically offer guarantees, warranties and legal protection to property buyers during the construction phase, creating a favourable environment for investment.

New off-plan projects in Turkey

Our website features up-to-date offers from reliable agencies and property developers. Each listing includes accurate details, photos and prices of the property, along with the seller's contact details. Find a property that meets your needs and contact the seller directly for more information or to discuss a potential deal.