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| Hjortur H Jonsson, 25 June 2010, new build property in Side, Antalya |
| Dear Jon, dealing with you and your staff has been a rewarding experience and I and my wife are very happy with the result. And Zekiye is particularly nice and good at what she does. We will now aw... |
| Birger Mortensen, 17 May 2010, Bodrum Property for Sale |
| Dear Cameron All is well. We had a fantastic week and ended up buying a resale house with 4 bedrooms and 160 squaremeters (2 terraces included) in the area between Gumusluk and Yalikavak. The hous... |
| Margaret and Fleetwood Bergman, 13 May 2010, Kalkan Property with Rent Guarantee |
| Dear Place Overseas team, UK and Kalkan, many thanks for all your efforts and due diligence, which resulted in our successful purchase of a stunning penthouse in Kalkan. The package on offer, with yo... |
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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
Property by Location
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