[moises]

Hi Mitchell,
I very nearly bought a lovely 3 bed detached house in Bodrum last August, for about £95k. I pulled out at the very last minute, my reasoning being:

1. Even the agent warned me I wouldn't be able to rent it out easily, due to the very large numbers of properties now available
2. I would need to see 10% pa capital growth just to cover my loss of bank interest, site fees, inspection fees etc. etc.
3. I reckon the expectation of joining the EU is already in the price - there's only downside if they don't.
4. It wasn't worth the headache of worrying about an unattended property so far away.
5. There's an absolute glut of properties for sale
6. Just because it's a lovely place doesn't mean I can't just rent someone else's for a holiday! I was also worried that I'd feel obliged to spend every holiday there.
7. It's an earthquake zone!
I feel vindicated in my decision not to buy as I notice that the property (and many others that we saw) are still up for sale at August's prices.
Cheers
Moises