For those who fear they may have missed out on bagging an overseas property bargain, all is not lost. It is still possible to buy a place for the price of an average new family car in the UK, just under £15,000
We've searched high and low for the best properties at the lowest prices and, quite frankly, you'll be amazed!... Take look at our feature.
We have recently looked at a number of properties in slovakia for under 15k, and in fact hope to buy one at 5k...although a fair bit of restoration is going to be required...with one hectare of land. Def room for a pool and tennis court there!!
I would agree; there are still properties on the market for under £15k, but anything worth buying at this price is few and far between. I think that the plethora of tv programmes about buying abroad are generally misleading about the actual costs of buying and renovating property. We bought a house in the Limousin just over three years ago and have lived here permanantly for the last two years. As we have helped a number of friends to buy property locally, I know for a fact that prices have escalated over the last three years. Even here in the Creuse, which is probably the cheapest place to buy in France, properties have been selling like hot cakes, mailnly to British buyers. I would suggest that to get a reasonable renovation project here, you will now have to pay at least 50,000 euros (about£35k) and you should allow about the same ammount again as a realistic budget to do the work. If you are really lucky, you can still find a ready to live in house for about 80 to 100,000 euros. The most important thing is to be here to find your property, using local knowledge as far as possible. Best bet, if you don't know anyone, is to book into a local B& B and then spend as much time trawling the immobiliers and notaires windows, and generally asking round. Sorry if this sounds like throwing cold water over peoples dreams, but it's a sense check. We've been through a lot to get the lifestyle we have now but we wouldn't change anything and wouldn't even think of returning to the UK other than to visit family and friends.
<tourıstguide altinkum>
Posted
HI EVERY ONE I HOPE YOU ALL HAVE BENEFITED THE FORUM AND ENJOY BEING A MEMBER IM NEW TO THIS POPULAR FORUM SO THAT WOULD LIKE TO ADD A NEW SUBJECT THAT PERHAPS ALOTOF PEOPLE WOULD ENJOY READING THE EXPERIENCES SOME OF US HAD. SO WHAT DO YOU THINK ABOUT TURKEY THE NEW FUTURE MEMBER OF EU AND INVESTING ON PROPERTY IN SUCH A COUNTRY WITH A STABLE ECONOMY.. LETS SHARE AND SEE WHAT WE WILL LEARN FROM EACH OTHER.. regards
<Debra Milner>
Posted
quote:Originally posted by baize: We have recently looked at a number of properties in slovakia for under 15k, and in fact hope to buy one at 5k...although a fair bit of restoration is going to be required...with one hectare of land. Def room for a pool and tennis court there!!
Baize My husband and I are also interested in what you have done. Not really sure where to start so if you have any hints, advice, website addresses, pit falls etc I would be sincerely grateful
Originally posted by baize: We have recently looked at a number of properties in slovakia for under 15k, and in fact hope to buy one at 5k...although a fair bit of restoration is going to be required...with one hectare of land. Def room for a pool and tennis court there!!
<pertwee>
Posted
Hello and Good Day to you all. I am loking to buy something in Slovakia, ie an old house with a bit of land to develop. Please can you provide me with a contact, website address etc.
quote:
Originally posted by pertwee:
quote:
Originally posted by baize: We have recently looked at a number of properties in slovakia for under 15k, and in fact hope to buy one at 5k...although a fair bit of restoration is going to be required...with one hectare of land. Def room for a pool and tennis court there!!
<Herschelle>
Posted
Has anyone bought in Turkey and had problems? I'm trying to do the same but keep hearing horror stories. Also doing an article for a new Buying Abroad magazine about where you can still get good property for under £50,000 - anyone got a good example?
Hi everyone, RE: Turkey...... "Plus it is cheap and taxes are low as well. Many of my friends gonna buy a house here soon. I suggest you dont miss it out before the prices skyrocket."
Its getting more expensive property wise, although the cost of living is still ridiculously low, we bought a 2 bedroomed apartment within a multi million pound small complex last September for £75K We know that another guy who bought the month before us has just re-sold it for £86K !!!!!!! Turkey is fast becoming more and more popular. We're in Hisaronu, which is gorgeous.
Originally posted by hirvi: Not to mention that the cost of living and taxes are generally low in Estonia and Bulgaria.
Did you take a look at Lithuania and Latvia?
Whilst I can understand anybody being eager to leave behind these shores for many, many reasons, is a cheap property everything you require? What about selecting a place with good medical care, a pool of similarly-minded expats from whom to draw a circle of friends; entertainment;sources of the food you enjoy most? Of course we all want to adapt to an extent and mix with "locals" but conversation of any depth in a second language is extremely difficult unless you have had a great deal of contact/tutoring. You have to be sure your "escape" does not turn out to be a form of imprisonment!
I can only second what Poi said. I have just bought in Akbuk, 10 mins from Altinkum and the prices are ludicrously low. I bought a 3 bed villa with stunning sea views, 5 mins walk to beach, roof terrace, swimming pool being built on site. All for £32000 and would have been even less if the exchange rate had not gone up. This was through a turkish estate agent buying at turkish price in turkish money!
Any body want further info of agency and pictures of the property I bought email me on thebabeys@yahoo.co.uk.
I think this area will rocket in price, it seems to have everything!
Brilliant. Send a cheque made payable to 'C. Fate' at GD, Below Community, Channel4 Forums, C4 15K, and I will pop your shed in the post as soon as it clears
All she needs is therapy. All she needs is love, is all she needs.
Hello! As a Traveller to Egypt for some time now i have come acrross lovely holiday homes on the red sea,Hurghada,From just 10K,brand new too,and some unfinished,it seems that egypt is Really cheap compared to else where.
Hi Guys, this is a really interesting string, Overseas property is a hot topic, I've kinda looking into it myself. But I've found it useful getting some financial advice from financial advisors who specialise in that area. I know of a company called Maple Leaf Limited, they're based in Chester. I found them on site called www.diypropertyshop.co.uk under the financial advisor section.
At least have a look, especially if you're thinking of buying abroad.
Hi, I agree with mikecain. In Limousin, you can find nices old cottages to renovate for as low as 30K€. Prices in France and especially Limousin are going up and there is still growth potential as the starting price was ridiculously low a few years ago (10k€) for old stones. As France is not far from UK, it is easier to go there by plane, car, train. You have the choice rather than for Bulgaria of Turkey, it can be difficult to bring all your things or come back to UK quick. Turkey and Bulgaria are not yet a member of EU and Bulgaria membershp has been postponed. When I lived in Sofia in 1998, I had to apply to a local insurance called "Rapace" in order not to get my car stolen. To find good deal, you need to bypass as many intermediates and go shopping in notaires or French estate agencies. Some of them speak English now as properties are selling like hot cakes.
philkodak@oceanfree.net I have pictures of the 2 1850s cottages my mother is selling.
quote:
Originally posted by mikecain: I would agree; there are still properties on the market for under £15k, but anything worth buying at this price is few and far between. I think that the plethora of tv programmes about buying abroad are generally misleading about the actual costs of buying and renovating property. We bought a house in the Limousin just over three years ago and have lived here permanantly for the last two years. As we have helped a number of friends to buy property locally, I know for a fact that prices have escalated over the last three years. Even here in the Creuse, which is probably the cheapest place to buy in France, properties have been selling like hot cakes, mailnly to British buyers. I would suggest that to get a reasonable renovation project here, you will now have to pay at least 50,000 euros (about£35k) and you should allow about the same ammount again as a realistic budget to do the work. If you are really lucky, you can still find a ready to live in house for about 80 to 100,000 euros. The most important thing is to be here to find your property, using local knowledge as far as possible. Best bet, if you don't know anyone, is to book into a local B& B and then spend as much time trawling the immobiliers and notaires windows, and generally asking round. Sorry if this sounds like throwing cold water over peoples dreams, but it's a sense check. We've been through a lot to get the lifestyle we have now but we wouldn't change anything and wouldn't even think of returning to the UK other than to visit family and friends.
