That's the question lots of people are asking me. So I'm going to answer those that are frequently asked.
Why have a place in the sun? Well have you ever been back to the same holiday destination more than once? I have, just the one time. Even though it had been a full 12 months since the previous visit, it was like I'd never left. I fell immediately into relax mode, as if it was a continuation of the previous holiday. So I asked myself, would having your own holiday place be like that?
Why Turkey?It's affordable - for me that is. I've been on holiday to quite a few places and I've become disenchanted with the "Euro Zone". Going on holiday to an expensive place can be just as stressful as staying at home, so I wanted somewhere my money went further. I've been to Turkey, travelled quite a bit around it. I've never been to Bulgaria or East Europe for a summer holiday so I can't compare. Certainly you won't find a well-built 2 bed apartment in any other west European country for the same price as Turkey.
Investing in a holiday home also requires investment into the people who will look after your apartment, maintenance, property management, all those sorts of things. Turkey's cost of living is so much less than ours, the crime rate is low, there is less corruption than other areas I've heard about.
Why Altinkum?It's affordable - for me that is. Your budget dictates what property you buy. I wanted the best for my money in an area that's likely to have a good re-sale value. Altinkum is a small holiday resort built firstly for the native Turks who would travel to the coast from Istanbul and as far away as Ankara. Now, it's a bustling and thriving resort, although not built up - no building is allowed to be more than 4 storeys high. The town will have a new Marina to berth the best cruise liners of the world and golf courses are also planned in the forthcoming years.
Why the apartment we chose?It's the best! It's built by the best builder in Altinkum (all builders have to pay an insurance before they build and also a final "tax" after completion). It's the best finish on the apartment. The maintenance charge is slightly above average for the area but that's because the maintenance man lives on site. It's in the best location, just 6 minutes walk to the main road (where there are banks, supermarkets, Turkish restuarants and bars) and only 15 minutes to the main beach - the touristy areas.
And what else?Wait till I tell you about the bank interest rates out in Turkey! There are thousands of Brits who have expatriated to Turkey, and about 5,000 in Altinkum alone. Brits are retiring early, selling their homes in the UK, buying up cheap (but good) property to live in and banking their cash. They are living off the interest which the bank pays monthly at between 15-20%.
If you have any other questions, then leave a comment by clicking on the link below.