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Full Version: Any Views On Kusadasi In Turkey E395 Psm
House Price Crash forum > Investment > Overseas property investment
mikefluk
Anyone any experience of Kusadasi in Turkey. I have just received an alert for 9 apartments to be built in 2008 for E395 psm. You get 111 sq metres 2 bed for E43500. Over supply presume ? Several beaches close by
cells
QUOTE(mikefluk @ Mar 15 2007, 08:11 PM) [snapback]579577[/snapback]
Anyone any experience of Kusadasi in Turkey. I have just received an alert for 9 apartments to be built in 2008 for E395 psm. You get 111 sq metres 2 bed for E43500. Over supply presume ? Several beaches close by



imo, don’t bother with turkey if your investing to make a profit (if living there its another story)

the only reason property can be ramped up in price in the UK and some other countries is becuase of planning restrictions ect meaning supply cant react to massive price increases fast.

in turkey they are very lax, and bribes get you permission if the lax laws dont



just to give you an idea of average wage in turkey. its about £1500 per year, doctors get about £3000.
mikefluk
QUOTE(cells @ Mar 17 2007, 01:26 AM) [snapback]580451[/snapback]
imo, don’t bother with turkey if your investing to make a profit (if living there its another story)

the only reason property can be ramped up in price in the UK and some other countries is becuase of planning restrictions ect meaning supply cant react to massive price increases fast.

in turkey they are very lax, and bribes get you permission if the lax laws dont
just to give you an idea of average wage in turkey. its about £1500 per year, doctors get about £3000.



Thanks Cells - Reinforces my decision
propertyhelpturkey
I love it when people comment on things they know little about.
I have property and obviously know many people with property in Kusadasi.
Its still relatively cheap,possibly more continental than other resorts.
There are some fantastic places around the area do a search on areas such as Ozdere or Guzelcamli.
Guzelcamli for example is a all year round venue popular with Europeans in the know, and also extremely popular with the Turks.
Its reputedly got the best air in the world certainly in Turkey.
Many elderly travel for the climate and thermal springs etc.
Rip the bits out of this if you can.
A Fool & His Borrowed Money
QUOTE(propertyhelpturkey @ Mar 19 2007, 08:36 PM) [snapback]582466[/snapback]
I love it when people comment on things they know little about.
I have property and obviously know many people with property in Kusadasi.
Its still relatively cheap,possibly more continental than other resorts.
There are some fantastic places around the area do a search on areas such as Ozdere or Guzelcamli.
Guzelcamli for example is a all year round venue popular with Europeans in the know, and also extremely popular with the Turks.
Its reputedly got the best air in the world certainly in Turkey.
Many elderly travel for the climate and thermal springs etc.
Rip the bits out of this if you can.


I Agree,

Property only goes up, and those 3k -a- year Doctors will all be lining up to pay 450k for that 1 bedroom flat down Dogshit alley in Istanbull. (Bull, Geddit?)
propertyhelpturkey
I cant see anywhere better to invest in than somewhere like Kusadas area.
Cheap to buy,cheap to live ,just dont make the misatke of thinking you can rent out ,YOU WONT.
mikefluk
QUOTE(propertyhelpturkey @ Mar 20 2007, 05:44 PM) [snapback]583535[/snapback]
I cant see anywhere better to invest in than somewhere like Kusadas area.
Cheap to buy,cheap to live ,just dont make the misatke of thinking you can rent out ,YOU WONT.


Well the porperties offerdd were the cheapest I have seen anywhere. Is it ture though that the place is inhabited by lowest level denominator Brits whinging about the place and people in other wrods..down market
Upward
QUOTE (mikefluk @ Mar 20 2007, 06:38 PM) *
Well the porperties offerdd were the cheapest I have seen anywhere. Is it ture though that the place is inhabited by lowest level denominator Brits whinging about the place and people in other wrods..down market



It is like anywhere it really depends where you decide to buy in Kusadasi. Believe it or not though most parts of Kusadasi town looks like an bomb has hit it and the town planners have allowed such low quality buildings to go up there are some lovely spots in and around the dross!

Equally there are some lovely people high-brow (who hide away in the better areas) as opposed to the low-brow who spend most of their time in BAR St a place to be given wide berth to.

Also it is a fallacy that property prices are going up by 40% where are the hard economic facts to support such figures?
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