Some investors who put their money in the Turkish real estate market are interested in reselling the properties they have purchased for various purposes, including generating a profit from the price difference between buying and selling. Concerns about resale include the possibility of capital loss or not achieving the desired profit, which makes investors cautious, especially during times of currency exchange rate fluctuations.
What is meant by the resale guarantee in Turkey?
Today, many construction companies and real estate brokers offer diverse offers to stimulate investment and property purchases. They provide a resale guarantee for the purchased property after a specified period of time agreed upon with the buyer, which is included as a condition in the sales contract between the construction company and the buyer. The guarantee aims to achieve a satisfactory profit if the buyer wishes to resell the property.
In other words, all concerns related to the depreciation of the property value fade away with this guarantee. Most companies maintain a three-year period during which the buyer retains the property and can benefit from it, either by personal use or by renting it out, and then resell it after the agreed-upon period with the specified profit margin stated in the contract. This makes buying properties in Turkey a safe, secure, and effective investment.
What is the expected profit percentage in the resale guarantee in Turkey?
This percentage varies from one company to another and from one property to another, depending on the features of the area, the project, the level of demand, and expectations of economic fluctuations and property prices in the future. However, in most offers, the profit percentage ranges between 20% to 30% of the property value in Turkish lira and sometimes reaches 35% in some projects.
What is the intended benefit of the resale guarantee in Turkey?
No trader, buyer, or investor enters any buying or selling transaction without knowing the intended benefit and the factors of safety and guarantee against loss in case of considering resale later. However, the benefit also returns to construction and real estate companies by encouraging investors to acquire properties in exchange for determining the profit percentage in the resale process at the end of the agreed-upon period, which is typically a minimum of three years, as mentioned above.