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"Mortgage conditions in England are more advantageous than in Turkey"
"Mortgage conditions in England are more advantageous than in Turkey"
20.01.2023
GENERAL

Housing investments are among the most talked about topics in Turkey lately. There are many people who want to own property abroad as well as in the country. Those who prefer the UK for housing investment can also have convenience in terms of payment.


*** This release is originally published in Turkish.

Google Translate Application translates the content you see on this page.***


TURKEY - Rotas Investment, which provides professional services in international real estate investment management, has signed an agreement with the Property Alliance Group. Developing construction projects in many major cities of England, the company preferred Rotas Investment for its sales and marketing operations in Turkey. Arda Ulaş, Managing Director of Rotas Investment, describing the investments, mortgage conditions and rental yields in England, said, “As houses in England can be purchased with suitable loan facilities, one can become a home owner by paying a low down payment rate.”

“Those who want to buy a house in England can make a maturity of up to 25 years”

Stating that the mortgage interests and payment periods in England are much more advantageous than in Turkey, Arda Ulaş said, “There are two types of mortgages in England. One is 'buy-to-live' for living and the other is 'buy-to-let', which is an investment house bought to rent. The investment mortgage is easily accessible to foreigners. One of the most important reasons for this is that lending institutions see the rent of the house as collateral. Those who certify that they have a household income of at least 15-20 thousand dollars per year can apply for a buy-to-let loan. A loan application can be made up to 75% of the house to be purchased. Interest rates vary between 5.5-7.5% annually, and a maturity of up to 25 years can be used. Rental income covers the loan payments to a great extent," he said.

“Real estate prices in England will increase by 28 percent in 5 years”

Arda Ulaş, Managing Director of Rotas Investment, said, “According to the 5-year forecasts of international real estate organizations such as JLL and Savills, the highest investment return expectation in England will be in the north-west region, including Manchester.” The HS2 high-speed train line, which is one of the leading railway lines, raised the expectation for an increase. While the real estate increase expectation in London was 12.3%, the same rate was determined as 28% in Manchester. Considering these increase expectations, the leading real estate market in England, which has been operating for more than 30 years, Within the scope of the agreement we made with the development company Property Alliance Group, we provide services to our citizens in Turkey for advantageous investments in England.Property Alliance Group, which builds houses for investment and rental in the centers of developing and big cities, has so far completed more than 15 large housing projects. 6 projects are in progress and one of them is the most central of Manchester Vision Manchester, a 37-storey skyscraper project located at We are very happy to be collaborating with one of the UK's leading construction companies."

Contact: Tülay Genç | [email protected] | +31 30 799 6022

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