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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
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