Which Property Should Be Better To Buy: Primary Or Secondary?
Many foreign investors ask what kind of real estate in the resort regions of Turkey is better to invest in. Here it is always appropriate to ask the question for what purpose you plan to purchase real estate. If for investment it is better to look for an apartment for let to rent within walking distance to the sea with full infrastructure or at least having a pool. There should be social facilities nearby as shops, cafes, pharmacies, stops of public transport, a school or a kindergarten. If for your own residence then the choice is huge depending on the needs of the Buyer. PRIMARY PROPERTY is purchased from a developer or investor in a building under construction or completed and has not yet received a title deed (TAPU).
SECONDARY PROPERTY can be in both old and new houses, purchased from the owner of the premises and has a certificate of ownership. Advantages of the primary property
• Minimum down payment approximately 30% and interest-free installments for the entire construction period.
• During the construction period you can choose the material, texture or color of finishing materials, make a design development.
• A new living space in which no one has previously lived before you
• Legal purity of the transaction, absence of debts and encumbrances Disadvantages of the primary property
•Postponed use of your property
• The risk of bankruptcy of the developer or other external force majeure facts both political and economic Advantages of the secondary property
• Developed infrastructure, inhabited area.
• Availability of furniture and appliances, no need to waste your time waiting for the arrangement, you can immediately move in and live.
• Possibility of bargaining, getting a discount on the purchase of real estate. Disadvantages of the secondary property
• The need to renovate property or to buy new furniture as the former and present owners have different ideas and tastes about home design.
• Possible legal problems of the transaction or hidden burdens or debts.If you are planning to buy property in Turkey then the specialists of our real estate agency BY HOMES will be able to quickly and efficiently select the most suitable option for you and legally competently accompany the transaction in order to avoid all undesirable consequences.
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