Buying off-plan has advantages Buying off-plan has advantages fort he purchaser, stick with a company that has a good track record of previous developments.

Buying off-plan is increasingly popular in Turkey, as else where. As the name suggests, this method of purchasing involves making a commitment to buy a property that has yet to be built. Selling off-plan is popular with developers as it reduces the financial risks of a Project. Third advantage is passed on to the buyer as a discounted price, often significantly below the market value of the completed property. In a country like Turkey where property prices are rising rapidly, the buyer also benefits from the growth of his capital investment during the building period. Over a typical building period this can amount to 15-20% or more.

The buyers base their decision The buyers base their decision to purchase off-plan on information provided by the developer or estate agents. This information should include a detailed description of the location; a site plan and details of communal facilities and a floor plan and building specifications. There should also be a Schedule for when the various stages of the construction will be completed.

The buyer than secures the property by paying a deposit, typically 10-15% of the total price, at the time of entering into a contractual relationship with the developer. As with any type of legal contract, it is wise to have an independent Turkish solicitor examine the document before signing. They will also check that the developer either owns the land or has authority to develop on the land, and that