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NEWS

Constructions will not remain incomplete anymore - Hürriyet Newspaper

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New Housing Bond Wont Let Anyone Suffer From Housing Promises - Sabah Newspaper

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Good News for New Home Buyers - Haber Türk Newspaper

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Housing Bonds Are Now In Effect - Milliyet Newspaper

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A New Era In Real Estate - haberler.com

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The first Housing Bond (BTS) of Turkey was issued on 29th of December, 2017 with the leadership and consultancy of Rosenberg and Parker of Turkey.

On April 25th, 2016, Surety General Conditions were modified and Public Tender Bonds were detailed.

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The Public Tender Law numbered 4734, has been modified by the Omnibus Bill dated December 5th, 2017 to include Surety Bonds as an acceptable type of security in public tenders as an alternative to Bank’s Letter of Credit.

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What is Surety?

Security against loss or damage or for the fulfillment of an obligation, the payment of a debt, etc.; a pledge, guarantee, or bond. Surety Bonds can be used as an acceptable form of guarantee against your contractual and legal obligations domestically and internationally.

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What is a housing bond?

A Housing Bond (BTS) is a type of Surety that secures the pre-sale payments of the consumers made to the Residential Developer.

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