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co operative land

Discussion in 'Turkey property' started by mnoone, Apr 14, 2008.

  1. mnoone

    mnoone New Member

    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
  2. New Home in Turkey

    New Home in Turkey New Member


    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...
  3. mnoone

    mnoone New Member

    thanks for your help.
  4. TH4S

    TH4S New Member

  5. mnoone

    mnoone New Member

    TH4S why do you have to be so smart. I asked a question and got an answer. Why don't you leave it at that.
  6. TH4S

    TH4S New Member

    mnoone you asked.

    Can you please explain, why i am being smart giving members information that is very important,to you anyone else who is considering buying a Turkish Property,

    I honestly thought your friend would be aware of this information.;)

    And yes this information is up to date, you was obviously not aware of it,
  7. cece

    cece New Member

    I think foreign investors don't need to worry about buying properties an %100 legal situations. Property owner can be a person, company, co operative, government or municipality. It doesn't matter. If you are getting the title deed in your hand exactly what you are buying, you can buy every property in Turkey.
    Just be sure that you are buying same property that it writes on the title deed.
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