How easy is it to let property in Turkey

[Lysos]

Stayed in Calis Beach last year. Nothing special about the beach, no charm, lots of unfinished new builds, even more across the bay around Fethiye, Heronnisos etc.. I think you were lucky to get two customers. Local agent admitted he'd only sold one property in 6 months. Eventually the market will become more positive, but all that means is the locals will start more speculative building and you'll be back where you started. Take the pain & pull out of this other purchase. If you really owant a propery in that area, wait a while and buy a distressed resale (from someone just like yourself who believed the agents' hype).

[kinggoey]

Hi frank
i have also purchased in appollonium and thinking of pulling out
i have been reading your enteries into your blog with interest

i do agree that the appollonium site is off the beaten track, personally i dont think the rental will be that great
i didnt secure the euro and now has fallen on its backside i am in difficulty

also have you ever been on a website called eye on worldwide
you can register which is free and then go onto appollonium in turkey and read about some other owners
what is more important is too click on the lakeside link which is also being built by artev, the comments on there are in the whole disappointing
as you clearly mention lotus is the company that will own the rentals for lakeside but they are charging 50% of the rental income
other concerns are about the parador
did you purchase through this agent in the uk?
well the uk arm has gone into administration but the turkish based parador are ok! apparently
i have a friend who purchased in lakeside and is now pulling out
she is having major hassles with artev claiming her money back and they keep changing the contract

things are not looking good and i intend to pul our shortly at a loss of 5k
kinggoey

[Frank-England]

Hi Kinggoey


Yes I was Parador I bought from, I have put down a lot more than £5k so have decided not to pull out.
Do you know what rent there are asking for Hillside ?
I will check out the web site you recommended soon.
I hope Parador are still OK in Turkey as part of my deal is a furniture pack from them.

Wish you luck.

[kinggoey]

hi frank
i have just been on the website i recommended in my previous email and the news is now worse
parador turkey has also gone bust on 31/7 and i guess along with them goes our free furniture package
i am not sure of the rental charges but if you look at the other website, you may find out these details
i am gonna pull out and hopefully artev wont go pop as well
kinggoey