My husband and I are contemplating a move to Istanbul in a few months. As we plan on staying for 2 or 3 years, and as rents are rather high, we are considering purchasing a property. My question is; do Turkish banks finance real estate purchases? I mean, we do not wish to put in a bulky sum of money upfront. We prefer to pay by installments over a number of years. Would that be possible?
Also, when the time comes to leave Istanbul, would it be easy to sell the house? Can the bank buy it back as is the case in other countries ? and if not, how long would it normally take to sell a property?