You may have already decided on an area, but before you start looking for a home, it is important to consider the question of finance.

The price you can afford will depend on a number of factors, including;

How much you are able to borrow

The period over which you intend to repay your mortgage

Existing mortgages, loans and other commitments.

How Much Can I Borrow?

Your overall financial commitments (e.g. existing loans and other payments, including your new mortgage) should not exceed approximately one-third of your gross regular income. We recommend you keep some money in your Turkish current account to help you with your property costs, including upkeep, local taxes, electricity and/or gas bills and furnishings.

Type of Mortgage

A valuation appraisal is carried out in most cases. However, it is important to note that this may vary slightly from the mortgage survey traditionally performed in your country. The appraisal is undertaken by an independent surveyor.

Whether you are looking to buy a second home, take up permanent residence, or take advantage of an investment we are here to offer you the best financial solution. Our multilingual and multicultural advisors will explain how you can buy property in Turkey and obtain a mortgage as easily as possible. We will assist you throughout your home buying project, from the initial search for the best mortgage solution right up to the payment of your final installment. We provide our services in English, German, Danish.

 
What About Building and Contents & Natural Risks Insurance?

It is important that you make arrangements to insure the property and contents and that cover is adequate. Natural risks insurance (DASK) is also mandatory in Turkey.

 
What Kind of Home Can I Buy?

Our International Buyers Mortgage provider is happy to consider mortgages for most types of residential homes, whether you wish to purchase an older property or a new home, provided this home has been completed in line with the official plans. Make sure this condition is fulfilled and get the property’s construction utilization license: YAPI KULLANMA IZIN BELGESI, better known as ISKAN.