In the third week of September 2026 the cheapest housing loan on the Turkish market was quoted at 2.89% a month, at Ziraat Bankası, with the market average closer to 3.68%. Compounded over twelve months, even the cheapest of those rates comes to about 41% a year, and the loan is issued in lira. Against that background the payment schedule a developer offers on an unfinished building stops being a marketing line and becomes the actual financing of the deal: at Yekta Homes the balance is split into 24 or 36 interest-free instalments.

What 2.89% a month really means

Quoting by the month hides the size of the figure. A rate of 2.89% per month compounds to roughly 41% over a year; the market average of 3.68% comes out near 54%. For a non-resident there is a second layer on top of that. The loan is serviced in lira while the income that pays it is earned in another currency, so the borrower carries the exchange rate as well as the interest. That combination is why almost no foreign buyer on this coast finances a purchase through a Turkish bank.

How the developer's schedule works

The alternative is arithmetically simple. A down payment is agreed, the remaining sum is divided into 24 or 36 equal instalments, and nothing is added for the delay. No bank enters the transaction, so there is no credit scoring, no income certificate and no insurance sold alongside the loan. The price is fixed in euros in the contract, which means the schedule does not move with the lira. Finishing is inside the sum — kitchen units, sanitary ware, internal doors and double glazing — and the keys are handed over on the project's delivery date.

What is open on the site now

Off-Plan-Property-Turkey.com lists 283 off-plan units from Yekta Homes, with prices starting at 135,453 dollars. Yekta Golden Valley in Oba accounts for 80 of them, Yekta Sungate Residence in Gazipasa for 51 and Yekta Alara City Residence in Mahmutlar for 26. A two-bedroom of 104 m² at Sungate is listed at 282,000 euros, a three-bedroom of 159.6 m² at Alara City at 419,000 euros, and a two-bedroom penthouse of 104 m² at Golden Valley at 325,000 euros.

The question is not whether an instalment plan beats a mortgage — at 41% a year it plainly does. The question is how long the schedule stays on offer, and that depends on how fast the current construction stage sells out.