Investing in real estate here relies on buyers paying off their mortgages over 15, 20 or 30 years. It is different in some other countries. I learned that some of the premium real estate in Turkey that is being built for residential housing is being sold for 100 percent cash up front, or 50 percent now and the rest in 12 equal installments. I have never heard of this. Turkey has a lower cost of living, but I am talking about modern skyscrapers with luxury living spaces. They call them apartments to buy in Turkey, but we would understand them better as condos. These are really nice places. The mix of Ottoman, European and Asian design elements make for some really fabulous living spaces.
I have seen marble bathrooms, kitchens in white that have stainless steel appliances. Everything is as modern and state of the art as you would expect for a luxury condo here. Continue reading “People Buy Luxury Living Spaces in Turkey for Cash Up Front!”