THALASSA Beach Resort Bafra Northern Cyprus

[JulianRy]

Hi,

I would be interested to know if anyone has any imput on this new development being marketed by Savills due to start in Oct/Nov07

I understand they have reserved quite a few units off plan 2beds etc but I have heard a few UK punters have cancelled their reservations due to problems re-financing their purchases etc via equity release on UK property especially those Northern Rock customers. I think the 2beds are prices between £56-89,000

Interested to know if anyone knows the location, what they think of the development and if they have actually signed up for a unit/s?

Also would you consider this a type of development a good lock up & go long term investment?

Thanks very much

Julian

[BalhamBeauty]

Julian

I have just joined this site. Did you get any responses to your note? I am about to exchange on one of the units. I do not have any information apart from the resort brochure etc so the deal is somewhat speculative but could work out well. I should be very pleased to hear from anyone who is also contemplating a purchase or who has committed.

BalhamBeauty

[tmp2105]

Hello there

I recently exchanged on one of these units and am very happy with it. It ticked all the boxes as far as I was concerned; excellent location, not overdeveloped, secure title, good value, long completion etc. They offer a worthwhile rental plan to take the hassle out of things, but most likely not taking the rental guarantee would be better. Regards TRNC as a whole, I personally do not subscribe to all the hysteria re the legalities. I think that providing you are looking for a long term investment and are happy to sit on it then it will prove to be very good - it's probably half the cost of southern cyprus and better location. If it had been 'exchange' land, which many people are buying their properties on then I would not have gone ahead. The Savills people out there were very good as well. Went out there with a mate looking to invest together, ending up buying one each!
Tim

[BalhamBeauty]

Julian

Thanks for your response. Most reassuring. I will try to get out there in the next couple of months and will report back (if it is any use to anyone).

David

[martin73]

Hi
I am also interested an will be visiting the site at the end of the month. If anyone wants any specifics answered please let me know.
Martin

[BalhamBeauty]

Martin

Thanks for your message. I hope you have a good trip and will be most interested to hear about what you found there. I have no specific matters to raise at this stage but any news will be good.

Best wishes

David

[martin73]

I am also planning to view some other developments in the more established northern part of North Cyprus. Most people i have spoke to who have either considered or bought at thalassa beach have bought because of the development oppose to the island as a whole and many didnt look at other developments. I want to get some kind of comparision and wonder if anyone contemplated thalassa but bought in another development in north cyprus or vice versa?

[Journo]

There are a number of Greek Cypriot owners of land in Northern Cyprus very concerned by developments being advertised on the northern coastline and the actual ownership of the land there. Ss told some of them that 'independent Turkish lawyers' (?!) have assured the company there is no problem over the title deeds and that 'the lawyers are associated with Cherie Blair'. Neither statement gives them a great deal of confidence that their own land is 'safe'. And they have problems with proposals for 'casino type'developments there which they believe will just attract prostitution etc. and devalue adjoining land.

[shellbell]

Martin,
Did you visit Thalassa & any others? What were your thoughts/decisions?
I'm considering Thalassa & Sweetwater Bay, amongst others. Never been to Northern Cyprus, so completely blind at moment.
Any info re 2 areas & developments would be appreciated.

[manor park]

Hi all

I have just received the info on this development and am interested in finding out more, before I look to go out there I would love to hear the thoughts of someone who has been (Martin) or anyone else.

What is the area like, what is available around the area of the site or is it isolated, what other developments are available in the area.

Any help on the above would appreciated.

MP