Apartments at a reduced price are available in Turkey not only within the framework of the actions of the TOKI Mass Housing Construction Department.
From time to time, successful opportunities are also provided within the framework of «sales» from banks. Now Vakıfbank has offered residences with a starting fee of only 8,000 Turkish lira (TL) and with installments for the remaining amount of debt, with payments of 1,182 TL monthly.
Vakıfbank puts up for sale secondary housing at the final price from 80,000 TL. Which is almost ten times cheaper than the price per unit of housing on average in Turkey (the average cost of a residence in the country already exceeds 700 thousand TL).
As you might guess, this is real estate, which for some reason went to banks from defaulters who failed to cope with their loans. Nevertheless, for the most part these are good lots, without «surprises» in the sense of paperwork, since the seller is the bank.
So, the purchase of real estate confiscated by the bank is a great opportunity for those who want to buy their own housing, but cannot afford to do it at standard rates. Although in terms of location, you have to choose not what you want, but from what you have.
So, now the list of lots offered by Vakıfbank includes a residence with an area of 127 square meters (for 140,000 TL) and an area of 100 square meters (for 135,000 TL) in Ankara.
There is also an apartment of 40 square meters for 200,000 TL in Ushak, 72 square meters for 249,000 TL in Tekirdag and an area of 124 square meters for 250,000 TL in Mardin. 2 square meters in Mardin for 250,000 Turkish lira.
First, you can deposit only 10% of the cost, and take out a housing loan for the rest.
By the way, banks periodically announce the sale of not only mortgaged housing, but also land plots.
Earlier it was reported that installments in Turkey are replacing mortgages.