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Altinkum
is a holiday coastal town in a hurry. There appears to be more land
under construction than that already developed. When Alan first
saw a BBC documentary about some of the fabulous villas for sale
in the region the price in 2003 was around £45,000 for a 3-bed
villa with swimming pool. Today, the going rate is approximately
£75,000-80,000. If you're buying a holiday home for yourself,
or even becoming resident, then you won't lose money, in fact, the
capital increase is likely to be sustained at around 30-35%p.a.
over the next 5-6 years. So, take the conservative view and allow
a 15% growth and you will still double your money in 6 years.
A warning regarding 'buy-to-let'. 1) Most of the newly constructed
villas will have undeveloped plots around them for a year or two
more. You won't be able to get lettings if your tenants have to
shut out the dust and grime from bulldozers, or the sea view is
obstructed by cranes or scaffolding. 2) The infrastructure is far
from complete with regard to roads, transport and modern services
like broadband! We're checking the areas carefully with developers
and will be able to recommend to you a) rental accommodation with
all the facilities in place that you're dreaming of and expect to
find; b) offplan construction that will offer you massive discounts
in areas designated for luxury tourist villa areas; and c) apartments/villas
in areas where life and facilities are fully developed.
We'll put you in touch with reputable property agents and developers
who'll show you true value and look after you from the minute you
arrive, provide you with courtesy accommodation, and drive you round
the areas, resorts and properties for you to decide what you like
the look of, and wine and dine you during your stay.
Buying in Turkey: click here
The beauty of Turkey is that the season lasts from March to October
with good weather, clear blue skies and cheap, cheap prices; food
and drink are incredibly inexpensive.
Fuel is half the UK price so many excursions are easily affordable
- especially if you're fascinated by the country's long history
as we are. Within a comfortable day's drive you can visit Ephesus,
Canakkale, and Sardis.
The Turkish people are complete Anglophiles, even their property
changes hands in Sterling! They are courteous, friendly and helpful.
You can live here for a fifth of the price of the French Riviera
and experience the same feelgood factors and lifestyle.
click here for Apollo Apartments
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