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Real estate important term in Turkey that you should know!

Information about Turkey

  1. Down Payment in Real Estate:
    The down payment is the financial amount paid to confirm the buyer’s interest in purchasing a property. It is non-refundable if the buyer decides not to proceed with the purchase. The down payment typically does not exceed 2.5% of the actual value of the property.
  2. Finishes:
    Finishes refer to the final stage of construction, involving walls, floors, ceilings, and other surfaces within a building. The importance of finishes lies in the fact that they will later serve as the visible surfaces for all parts of the building, both internally and externally.
  3. Studio Apartments:
    A small open-space apartment that includes a bedroom, bathroom, and an open area comprising the living room, dining area, and kitchen. Studio apartments are considered a practical choice for newlyweds, students, and employees, especially when located near vibrant areas and workplaces.
  4. Returns in Turkey:
    Returns in Turkey refer to the expenses associated with managing residential complexes. This includes maintaining security, cleanliness, and overall upkeep of the residential complexes through the allocation of specific resources, energies, tools, and contracts.
    Meeting these needs incurs regular expenses, which may increase due to residents’ desire to add luxury amenities.
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