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[QUOTE]Originally posted by tourıstguide altinkum:
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
When will it be entering the EU? It's an attractive proposition and prices are good at the moment. But take the GREATEST CARE in dealing with the estate agent or vendor. Make absolutely certain that the monies are not paid on completion unless you have all the necessary deeds of tenure, etc. Others have had their fingers badly burned.
When it comes to property - take nobody at face value!
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In response to the question about when will Turkey enter the EU:
The answer to that question is perhaps never. There is no guarantee that Turkey will ever get full EU membership. The earliest possible date that the EU has given for Turkish membership is 2015 even though Turkey first applied in 1963.
The French government has already stated that it will not allow Turkish membership without holding a referendum in France on the issue and it is pretty obvious the French will vote no. Turkey would also face hostility from at least Greek Cyprus as well and they also have the power to block Turkish membership.
And even if all these obstacles were overcome, the principal benefit of joining the EU is the massive amount of EU subsidies which new countries receive. For instance, Ireland, before it joined the EU had a similar level of enomonic development to Turkey today. Ireland in proportion to its size received massive subsidies from the EU. At one point, one-third of the Irish government budget was coming directly from EU subsidies. Today Ireland is the most prosperous country in Europe (and Ireland was not the only country that was similarly transformed).
The simple fact is there is no way Turkey will ever receive this kind of money. By 2015 Turkey will probably have the biggest population in the EU (if it joined) and to give Turkey the same amount of subsidy that was given to Ireland would easily bankrupt the EU.
In short, Turkey will probably will never get full EU membership. Whatever kind of membership that would be offered to Turkey would be nothing like what has been offered to other countries.
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Having said all this, I do not wish to deter anyone from buying in Turkey.
In the past few weeks, the Turkish lira has devalued by nearly 25% and this has made buying in Turkey even cheaper than before (although for those who bought before the devaluation it does mean that their investment has shrunk but even then property prices could well grow enough to make up for this in the long run).
Even without EU membership, Turkey will still probably economically outperform Western Europe over the next 10-20 years. Turkey has a much younger population compared to Western Europe's ageing population (which will exert massive pressure on the pension and social welfare systems of Western Europe). Western Europe is also simultaneously having to bank-roll the economic development of new EU entrants in Eastern Europe and at the same time is struggling to find effective answers to the long term economic threat of rising low wage countries such as India and China.
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Anyone got any advice/tips on Tunisia.
Thanks
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I love tunisia  |
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Recently bought in Egypt, sunny all year round!
'Never play leapfrog with unicorns!'
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Spent much of the summer in a house in the Kashubian lake district - lovely and just a couple of hours from London. House cost less than £15K - much less |
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where is that piotrek?????
............
>87<
Beware of the Loons!
Looking for my Achilles...
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Piotrek is right with what he is saying, from Luton or Stansted to Gdansk it's only 2 hours flight. Prices start at 19 quid with package carrieres. The Baltic cost is very nice during the summer time, and you get your monies worth also....
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Hi, I work as an agent for Investors Provident www.InvestorsProvident.com and the only thing we have in that price range is Thailand where you can pick up villas from £15k - £20k. Regards. |
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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.
Very wise words! |
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quote: Originally posted by Lisalycian:
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.
Fine - BUT...beware of the manner in which you purchase. Make sure your legal representative checks that you have tenure of the property. I have seen and heard too many cautionary tales about this. Although Turkey is hoping to assimilated into the EU, there is an increasing polarisation, it seems, towards traditional Islam on the one hand and Muslims who prefer the "progressive" attitude. As we are aware, radicals have been making their presence felt for some time. |
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quote: Originally posted by Lisalycian:
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.
The only people making serious money there are the constructors! The quality of finish is poor and there is virtually no rental market, also its about 15 years away from the EU and thats if they get in. Invest your money within the EU, there is plenty on ofer!!! |
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Hi to you all for those who have not heard of us, we are Simon and Vikki and we are based in the UK. This Bulletin Board will not work without YOUR INPUT and advice Our parents purchased a property in the TRNC over 3 years ago and to date have nothing to show for their money, just a very large loan for £150,000 that they (in failing health) are struggling to pay on their meagre pensions. We are hoping that this group will be able to lead or advise those as to the possible pitfalls that may occur when purchasing in Northern Cyprus The country is truly beautiful and the people also, but there are many unscrupulous characters lurking including Developers, Estate Agents and more worringly even Lawyers We work closly with "The Home Buyers Pressure Group" http://www.hbpg-trnc.net who have loads of very important information on their site. Our site is www.trncpropertywarning.freewebsites.com Takes a little time to load but well worth the wait. All we ask is for true stories (that can be backed with documentary evidence if required) good or bad, also nominations for "Good and Bad Guys" again with evidence should it be needed. We look forward to welcoming you and if we can help 1 person NOT TO MAKE THE SAME MISTAKES AS OUR PARENTS we will have succeeded. |
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We recently bought in Romania - definately an emerging country. Like everywhere, the prices are on the rise, but as in our case, some bargains still to be had. We bought thru these guys - Invest in Land Romania - although there site seems to be going though some changes at the moment. Hope it helps! |
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Properties for this amount and occassionally less can still be found in Germany. They will not be turn-key operations and will require effort and or money to bring them up to standard but I have a ready supply of them cheaper than the equivalents in some of the emerging countries - Food for thought?
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Vonreisa
My key target is Germany.
Why buy in Turkey or Bulgaria and get 2 months summer ent when I get 12 months in Germany, A SAFE BUYING SYSTEM, and prices like the UK in the 1970s!
Germany is the new France - stunning but much cheaper.
Im currently buying berlinrepossessions.
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quote: Originally posted by Thorr:
Vonreisa
My key target is Germany.
Why buy in Turkey or Bulgaria and get 2 months summer ent when I get 12 months in Germany, A SAFE BUYING SYSTEM, and prices like the UK in the 1970s!
Germany is the new France - stunning but much cheaper.
Im currently buying berlinrepossessions.
Thorr - you couldn't have posted at a better time. Your name came up in a conversation with an old sparring partner of mine this week. We had both been invited to a "bit of a do" at an office opening (although it turned out due to BT being just that bloody tardy) It wasn't actually ready but the do was arranged and at least the wine arrived on time. He told me I should look out for you and I should just quote the name Lewis and you would make the connection. Not his real name obviously. Our paths have crossed many times over the last few years and we have both used the same agents and notar. He apparently is considering ducking out of the whole business and going to sleep in Sachsen somewhere - all very secretive but he has always had a reputation for just that. An astute investor and now feeling a little disillusioned with the way he sees the industry going and wants to get out. It might be in your interest if you brought Chris Gorlitz's attention to what you're doing, he's got some experience of court repos and you may be able to do each other a good turn. Some of the veteran posters here may remember a gent who posted by the name of Manfred for quite a time on this forum. He was also at this affair and I managed to convince him to re-consider his decision to withdraw his expertise. He had had enough of some of the accusations and insults he had to endure from a certain quarter and decided life was too short when all he was doing was offering free advice. Well he has promised to come back and share his knowledge. Done a lot of business with Manfred and got fat and wealthy on his advice and contacts. Chris take note - the man is back. By the way Thorr you have summed up some of the best reason for considering Germany in about 30 words - it usually takes me several hundred. |
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Interesting reading your feature about buying a property under £15.00; I expect you know what the latest price per sqm for a flat in Dubrovnik is? €10.000,- per sqm!
Multiply that by 100 sqm, that’s what a German business person paid for a flat in the centre of Dubrovnik!!
Albania will be the future jewel to look out for with its 276 km of Adriatic and Ionic beach, in my opinion, having just returned from an EU Investment and Business Summit in Tirana, and yes there will be house prices under £15.000 for a short time … but with disputes over landownership and illegal construction, being prey to informality etc. etc. even the best solicitors and Embassies cannot help on this scale!
You will have to wait to get the energy/infrastructure into place which may take 5 - 8 years as the foreign experts predicted, watch out though, it will be worth the wait!
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Good post Anke.
Albania has crawled on to our radar and we intend to be watching developments there closely.
We are a fairly cautious, conservative bunch here but that does not mean we are close minded.
We have opted for the safety and certainty of Germany but have our feelers out worldwide.
Are you about to embark on a venture into Albania?
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I am now, have done for some 3 years now, but on a different level, started with the NGO side with business development which now includes tourism-ECO tourism, environment etc.
Interesting though, I was approached last week at this EU Convention by several countries to help them develop the tourism side, the estate agency aspect, and also by a bord member of the Albanian diaspora, based in the States!
Unless you have contacts, at all levels, can fill many 'pockets'... it is still extremely difficult and dodgy.
But Albania has HUGE potential.
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quote: Originally posted by Anke:
But Albania has HUGE potential.
Have you ever been there? Sorry, by my personal opinion. Albania has no huge potential. The only thing Albania has, is a huge clean-up problem .Some things there will never change. You have to go there and see It with your own eyes.You will change your opinion about "HUGE " potential. |
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I've been tinkering with overseas property; was keen on eastern europe but think the market has been exhausted a little. Intersting reading on Germany. Im currently looking into Port Davidson in Malaysia, its prices are very pocket friendly and the area has recently seen a lot of development and is close to international airport and KL. Anyone else made a purchase in this area or looking into it?
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