What Are the Key Considerations When Buying Off-Plan Property in Turkey?
Purchasing off-plan property involves unique factors. Construction timelines often extend 12-24 months beyond initial estimates, with completion delays being common. Buyers should verify the developer's track record, escrow account protections, and penalty clauses for late delivery. Payment plans typically require 30-40% upfront with staged payments. Importantly, the final product may differ from show units in finishes or layouts. New builds also incur VAT (typically 1-18%) unlike resale properties. For objective advice on contract reviews and developer background checks, Turk.Estate provides resources to help navigate off-plan purchases safely.
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