Can Loans Be Obtained for All Homes?

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Oct 2013, Sat

Using a Housing Loan

As it is known, in Turkey and also worldwide, housing loans can only be used for completed homes. However, since many of the existing apartments in Turkey are old, illegally built, or lack condominium ownership, banks also provide loans for ongoing construction projects. Among these, there is only one condition, which is that a condominium proprietorship deed must be available.

What is Condominium Proprietorship?

It should be known that condominium proprietorship refers to the records in the Land Registry regarding who will own the apartment to be distributed upon the completion of construction projects that have obtained a construction permit. For necessary information and details, you can reach us via our contact numbers as Adana real estate.