The Office of Mass Housing Construction TOKI announced one of the first preferential programs in 2023 for the purchase of housing. In this case, the property is offered with a 25% discount and, moreover, in installments, the repayment period of the remaining debt is 180 months (15 years). The minimum monthly payment starts from about 1,600 Turkish lira, which is less than $100; and you do not need to contact bank loans.
Let's clarify that for this promotion from TOKI, lots will be available not only in new buildings, but also from the category of secondary real estate - namely, already inhabited houses. The minimum initial payment is only 10%. In particular, residences in Chorum are offered for this promotion: 1+1 – at a price from 318,000 to 392,000 TL. That is, using the promotion, you can become a new owner of such an apartment by contributing 10% of its value and paying in installments from 1,594 TL per month.
For two-bedroom residences (2+1) available under the promotion, the price range from 300,000 to 378,000 TL has been announced in the same Chorum.
Recall that in October 2022, the Department sold apartments in the popular Istanbul districts of Beyoglu and Floria. TOKI periodically offers favorable prices not only for residential real estate, but also for non-residential land plots: in October, you could choose a lot from 365 plots in 22 provinces at once.