All For Sale In Istanbul... The Price Of These Repossessed Homes Is Half Cheaper
WHY BUY REPOSSESSED HOUSE IN TURKEY
While 2021 house prices in Turkey are on a sharp rise, demand continues to rise. While it is difficult to find a home at affordable prices, some methods allow you to own a home almost half cheaply.
Those who want to own a home are in search of affordable prices. But rising costs, rising interest rates on housing loans, land registry costs, the Property Commission say, should put tens of thousands of Turkish lira more money on top of the House's price.
Stocks in both zero and second-hand housing have almost melted away with the very affordable mortgage loan campaign launched by state-owned banks last year. Home sales set a record despite the pandemic. The cost of new construction in Turkey has also increased due to dwindling housing stock. Sales prices are expected to be higher than current levels as new construction begins. As materials, land, labor and interest rates rise, the price of new housing is also rising in this direction.
EXECUTIVE TURKEY HOUSING
Turkish homes for those who cannot fulfill their Turkey bank debt obligation for any reason is put up for sale through Turkish government enforcement. In this way, the debts of the creditors who are victims are paid. Repossessed Housing in Turkey that goes on sale from execution becomes new owners at a more affordable price of almost half the fair price.
With the opportunity to participate in the executive auction over the Internet, it is very easy to become a host. UYAP e-sales site, which is free of charge, can be moved and immovable entered into every auction.
Before entering the tender in Turkey, detailed information about the product to be received in the description section must be obtained. After checking the properties, tax, shares of the goods to be purchased, the deposit is made. After deposit of the deposit to the account specified by the executive office, you obtain the right to participate in the tender of the relevant real estate.
You can perform the auction process via the internet or by going to the auction hall in the Turkish courthouse as many home-buyers and lawyers do already.
TURKISH REPOSSESSED HOUSE PRICES ARE VERY AFFORDABLE
First of all, an assessment is carried out for the houses that are auctioned. After all the information about the location, properties and location of the House in Turkey has been passed on, it is revealed that the price of the house, that is, the value it would have if it had been sold at the moment. Bidding usually starts at half the price. As an example, an apartment of 1 million Turkish lira goes out of 550 thousand Turkish lira to the tender.
NO LOANS TO REPOSSESSED TURKISH RESIDENTIAL HOMES
There are no Turkish mortgage loans for homes sold from enforcement. You can either buy the house in advance, or you can buy the missing part by borrowing it from the bank with a need loan, or by borrowing it from your immediate environment.
TURKISH REPOSSESSED PROPERTY CANNOT BE SOLD FOR 3 YEARS
If the purchased Turkish houses from banks are taken from the execution and are sold within 3 years for any reason, they must pay tax on the Turkey property according to the income tax law. But if it is sold at the end of 3 years, it is sold without any taxes. This, in turn, stands out as one of the rules introduced to ensure that execution apartments in Turkey are not subject to purchase and sale for commercial purposes.