Residential Projects Guaranteed By Turkish Government

The construction sector in Turkey has a main role in the Turkish economic growth internally and internationally, as it is one of the most effective economic sectors, especially after the foreigner’s investment in governmental or private construction projects.

What Do We Mean By “Governmental Projects”?

There are some projects built on a partnership basis, known worldwide as the "Common Sector" which is an agreement between government construction companies and private construction companies, as the government own the land then the construction company handles the project building process.

Also, the quality of construction,  the accuracy of the dates, and the project specifications are supervised by the Turkish Government with a guarantee document for the buyer, as it chooses a reliable private construction company with a good reputation in the market to work with.

What are the features of the governmental project in Turkey?

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  - The Turkish government monitor the project construction process and examine the construction company conditions and plans
  
  - The property is safe because of the strong government guarantee, as there are no concerns about the project delivery time, or changing on agreed specifications
  
  - Common sector projects combine the advantages of government and private companies regarding building quality, total reliability, and safety of legal procedures
  
  - Often, government projects are far from the city center but provided with state-owned service facilities such as parks, schools, hospitals, mosques ...
  
  - The apartments prices in government projects are moderate, appropriate for all, create a balance in the real estate market, and they always have long term down payment plans
  
  
  

  Also, there are some measures that the Turkish government do in its projects, which are:

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  The Turkish government checks all licenses that the construction company extracted to implement the project as it guarantees the buyer right from the beginning, also checks all project's marketing promotional catalogs, in addition to sending experts from the Turkish government to visit the model apartments in the sales offices before offering the project for sale.
  
  For the selling stage, it guarantees the right of the buyer through the ratification of contracts with the notary where the Turkish government is a part in the contract, which means that the buyer is directly buying from the Turkish government, payments and installments are transferred to the Turkish government bank account, and then after finalizing the project construction progress, the Turkish government transfers the money by installments to the construction company.
  
  
  

  Governmental Guarantee in Turkey:

  
  
  Many foreigners prefer to own a property in Turkey with a government guarantee, but when we talk about the Turkish laws on real estate ownership in its lands, there are two important matters we should mention…
  First, if there is no governmental construction company does not mean that the Turkish state will not guarantee the right of the buyer, because all sale or purchase contracts, whether in the projects of the common sector or the private sector, are registered in notary office then in the governmental Land Registry Department.
  
  Second, In Turkey there are many private construction companies with a good reputation and long experience in the real estate market, these companies offer high-quality design and construction, and take on delivery on time such as the common sector and more, it is also spread in all regions of Istanbul and its prices vary according to the region in which the project is located, in addition, that it focuses more on commercial projects, while government projects focus more on live projects.
  
  
  In order to provide the best services to our customers, and according to our experience in the real estate market, we offer you many offers whether in reliable private projects or in Turkish government projects, do not hesitate to contact us ...
  
  

  The idea of ​​buying real estate in Turkeyhas become popular among those interested in obtaining an ideal opportunity for housing or investment and take advantage of the appropriate real estate investment options in Istanbul to obtain a high return by communicating with our real estate consultants.

  Do not forget that investing in real estate in Turkeyis only a way to gain Turkish citizenshiporreal estate residencepermit that allows you to stay in the country legally and then acquire many of the privileges that a Turkish citizen gets.