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Appollonium, Bozeat, Nr Altinkum

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  #1  
Old 31-07-2008, 12:13 AM
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Default Appollonium, Bozeat, Nr Altinkum

help required
i have purchased a property on Appollonium, this is in a place called Bozeat, Nr Altinkum in a bay
has anybody else purchased at this site?
i have purchased through a builder called Artev
apparently these are one of the big builders in the turkey area
has anybody heard of the? do you have any views
I am really question whether i have done the right thing
i have read some info on this site and the altinkum areas in nice, but it appears there are too many properties there and not much chance of rental
i am thinking of pulling out as i dont think the prices have gone up at all and the chance of re-selling is slim or more to the point non exsistent
any help would be appreciated
king goey
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Old 31-07-2008, 12:25 AM
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You already realise this, but you should ask questions first, not afterwards. There is a vast oversupply of holiday property in Turkey and has been for several years. Little chance of rental and virtually no chance of resale (you can't offer the incentives and financing that developers can). I assume you have only paid a deposit; regard that as paying for education - walk away.
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Old 31-07-2008, 12:44 AM
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thanks for the good news
there are some good reports of good rental outcomes, but generally its doom and gloom
i have paid further deposits and set to lose 5k if i walk
therefore its a big decision
then again the euro is through the floor and gonna cost me 10k extra to buy the property
heads you lose, tails you lose
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Old 31-07-2008, 08:57 AM
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kg,

In years to come 5k will seem like small change. If you really want to buy in Turkey - after you have done lots more research - wait awhile and you will pick up a bargain resale from a distressed seller. Continue with your current purchase and chances ae you will end up being the distresed seller !.
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