First Time Buyers - Advice Required

[Big Phil]

Hi,
My wife and I are thinking of buying a property abroad, currently looking at Turkey, more specifically Altinkum.
It would mainly be as an investment with the view to renting it out, but somewhere we could go the odd week here and there.

We have seen an apartment. 2 bedroom in a new complex for around £30k. Its in the process of beng built.
However as I said we are still only at the looking process.

We would take in a viewing trip before we purchase any property.

Has anyone got an advice, any do's or dont's it would all be very much appreciated.

Cheers
Phil

[TH4S]

Big Phil you will get lots of advice,do this or dont do that,

My advice is,find some one who actually lives in Altinkum. who can give you genuine advice, and will not push you into something you do not want to buy,

You have seen a 2 bedroom in a new complex for around £30k in the process of beng built..?

İ have seen a 5 Bedroom Brand 'new' Villa in Altinkum for £34,900,and it is not in the process of beng built.

Ask your self, which one would be a better investment with the view to renting it out,

[Big Phil]

Cheers TH4S,
Thanks for taking the time out to reply. We are only in the first thoughts of buying a property and therfore are looking to get as much high quality information and advice as we can.
Also the property is 3 bedroom not 2, (as stated in my orginal post).
The 5 bedroom one sounds good, but again it would depend on where it was situated, ammendities near etc.
So much to consider.....

Thanks again.

[queenie40something]

Hi - I am currently buying my 1st property in Egypt.

My advise would be to take your time and dont rush into anything.

See as many properties and developments as you can.

You also need to consider maintenance fees, cost of insuring the building, location, flights from UK, transfer times from the airport etc.

Also get a good recommended lawyer.

Good luck.

Alison

[waynem]

Hi Phil, I have lived here for 3 years. When you buy make sure your contract is done in a lawyers office, not in an Estate Agents office. Also ALWAYS hold money + the commission back until you get your tapu (tittle deeds). I am an estate agent here and I am sick of hearing bad stories. BE CAREFULL

[resalepropertyturkey]

Also If l were you l would consider resale because Bargain buys: Most resale properties will always have a below market price.
What you see is what you get: It can be hard to visualise the finished property from the architect’s plans.
Properties with character: A property that is individual or has a unique style.
Location: Only considering an off plan property is narrowing your choice of location.
Many off plan units come onto the market at the time of completion. Whilst the price will have gone up, the fact remains that they are still a good buy and you can benefit from seeing the finished property

[debbie60]

Hi Phil,

Did you buy your apartment yet ? mines for sale in Altinkum with TAPU ready and fully furnished. Its been a good rental but ex partner wants his share now so genuine reason for selling. My husbands Turkish so no problem with translation either.

Thanks

[TH4S]

Debby ..
Under the 'present' law you canot sell to foreigners

see here .

Bill for foreigner’s property rights in Parliament

[Sunnyshores]

We brought an apartment in Bodrum (loads of problems with the developer and UK agent, but thats not why I'm here).

If you're buying as an investment the main thing is make sure you can get rental income from it and that it remains a popular development for resale.

Some general advice would be to look at some of the UK private rental websites and see how many properties are rented out for say July/August - high season. Look at what areas/developmetn are booked out, what facilities the sites have, how many beds, what furnishing, what prices etc.
some sites:
Holiday villas, holiday homes, holiday rentals, Private Vacation Homes by owner
Self catering holiday villas, apartments, cottages, for rental worldwide

Good Luck

[TH4S]

Sunnyshores Some general advice would be to look at some of the UK private rental websites

I thought we was talking about Turkiye property,??????????????