Turkey Property Developer Finance

Most claims to mortgages in Turkey for Turkish properties are ill-founded and simply in place to attract potential customers.  Having said that, There are some developers, who have the financial strength to arrange mortgages for their clients based on their own collateral provided to their banks.

The following properties in Gulluk, Bodrum come with a 50% mortgage.  This is how it works (based on an off plan purchase)

- The buyer pays 50% of the purchase price to completion, which usually is 12 months.  That is 50% is paid in instalments over 12 months.

- The balance of the purchase price is mortgaged over 15 years at 6% fixed rate (given in Euros)

In addition the Bodrum Yalikavak Properties below come with a 70% status mortgage at 6.9% fixed rate indexed to Euros.  In other words, the buyer pays 30% upfront and the balance is payable over 15-20 years via a mortgage arranged through an EU bank