Quote:
Originally Posted by mnoone
we are considering buying house in bodrum area. also in deal is small piece of land which belongs to co operative. As this is a private sale the seller is not sure of the legals regarding this land. Can any one give me advice re co operatives in Turkey. Thanks
|
Hi,
As a friendly advise, I would strongly suggest you to stay AWAY from any coop land in Turkey. I have worked for a time on a deal for a UK based company, and we were interested in a huge coop land (in a location close to Bodrum). I can tell you, we soon realise that it was a massively complicated situation.
The appealing side of it, is, of course, the price, but all the work to do to get it is absolutely a nightmare.
Obviously, I am making a comparison with our case, and dont know what the land you are talking is about. You may be looking to a relatively smaller and less complicated deal, but be sure to have a VERY VERY good lawyer specialised in coops in TURKEY, and conduct a very strict due diligence before spending a penny...