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Overseas Property for under £15k? Really...

Discussion in 'Buying Overseas Property' started by trent, Dec 29, 2006.

  1. trent

    trent New Member

    Hi All,
    Just came accross this link: Buying Abroad - House for under £15,000 from Channel4.com/4Homes from the Chanell 4 website. Are these properties for real or are these scams - come on there must be some sort of catch. If not wht don't more people have second homes / holiday homes? I thought holiday homes were only for people like my boss but at this prices perhaps his PA might be able to afford one.

    Has anyone bought (outright) for under £15k. If so can you tell me in which country area - I prefer to go were others have experience and can off advice.

    Many Thanks
    Trent
     
  2. The Soup Dragon

    The Soup Dragon Senior Member

    Not scams, but property only scores well if £15k is your budget and you are not willing to get a mortgage for leverage. I imagine you will have real problems renting any of this property and the run down properties will likely be money pits. For me the pick of these would be the ones in Estonia. If you can find a well located property with land you could be onto a winner.
     
  3. TH4S

    TH4S New Member

    Trent.
    I can only comment on (altinkum)Turkish property's

    The answer to your question.Has anyone bought (outright) for under £15k.!

    We have sold several propertys for under £15.995. they have been unfinished project's.however that was two years ago,

    £15.995.appears to be old prices,
    If the deeds(Tapu) shows "depot" or storage for a ground floor flat, even if it is already a flat, it cannot be sold to foreigners, this is a national law. The law has not been changed and it is unlikely to change before the Election in2007. Please be very careful, some people have come up with various tricks to try and change this, such as putting a turkish national's name on the deeds (tapu) as a "temporary measure". This means that in the eyes of the law they own the property. Bear in mind that even if you trust this person implicitly, if they died before the law changes, the property goes to their family under Turkish law and you could find yourself in a very difficult situation. Always double check and take independant advice if you are consider buying a ground floor apartment in turkey.

    Trent.
    Try emailing them.If they do reply to you,send me there adress, I am not far from altinkum,
     
  4. Kevin 125

    Kevin 125 New Member

    Hi Trent,

    I agree with The Soup Dragon and I would think at these prices you may struggle to rent and would have to add the cost of renovation and all the extra cost that comes with that (travel, loss of regular earnings etc)

    'if you know where to look, are prepared to venture a little off the well-trodden path, and, in some cases, don’t mind undertaking some renovation work. '

    For me, this would be enough to put me off for the exact reasons above.
    It would depend on what you are looking for and what you feel comfortable with.

    Welcome anyway and good luck for the New Year.

    Regards Kevin
     
  5. trent

    trent New Member

    Thanks for the help guys. I will look into Estonia and Turkey in a little more detail. Has anyone has any experience (sub £15k) in any other areas?
    Regards
    Trent
     
  6. Tania

    Tania Active Member

    properties under 15 KE

    Have a look in Bulgaria - we sell lots of properties under 15 K /rural houses, newly built one, studio or even one-bedroom apartments/.

    Good luck,
    Tania
     
  7. trent

    trent New Member

    Hi Tania,
    Have you got any links you could post for me to look at.
    Thanks
    T
     
  8. Tania

    Tania Active Member

  9. TH4S

    TH4S New Member

    Tania.

    Dont think i have had the chance to say hello and welcome yet,Thank's for all your help and support on the forum,

    TH4S.
     
  10. Tania

    Tania Active Member

    Hi

    Hi TH4S!

    Its a really nice fourum and I enjoy it! Thank you for making me feeling welcome!
    TH4S, are you located in Turkey?

    Tania
     
  11. thetravelbug

    thetravelbug Banned

    Easily

    All my properties in Bulgaria (except new build) were well under £15K.
    To give you an idea, I purchased a villa about 10 years old for 14,000 Euros and spent a further 8,000 Euros doing it up. Plus around 3000 euros on furniture. So total around 25,000 Euros, or about £16 to £17k. Now have 2 lovely apartments from this villa, large garden with barn....

    Rachel
     
  12. trent

    trent New Member

    I here that you can villas for under 20k in Pattaya - Thailand. Anyone bought here?
     
  13. omostra06

    omostra06 New Member

  14. TH4S

    TH4S New Member


    Hi Tania. Yes we are located in Turkey;)

    TH4S,
     
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