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Old 4th December 2008, 12:52   #1 (permalink)
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Property Prices

Has property prices in Turkey started to drop like in the UK if not are they expected to & do you think buyers are now in a stronger position the haggle with sellers & builders on price.
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Old 4th December 2008, 13:23   #2 (permalink)
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Re: Property Prices

Absolutely. Properties are just not selling right now or if they are it's very very slowly. It's definately a buyers market for anyone who has any cash and wants to make an investment.
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Old 4th December 2008, 14:43   #3 (permalink)
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Re: Property Prices

l have seen over the pass 2 years of people coming and going to this empty semi detach property,just a little up from us,showing no interest in it.So l went to have a look and it is a house that was constructed in a slap way.With uneven foundations pavements etc,and cracks in the structure makes it a deterrent,let alone it being an unattractive property to sell.
Also this builder has the dam cheek to seel it for 80,000pds,l would make an offer on him paying me to have it knocked down.
A fine example of the many builders that will not recognize the global financial climate at present should have an effect on them.They still are charging the same price as it was 2 years ago.Oblivious to logical thinking and is burdened with the properties that are not shifting.
Also there are the logical thinking builders that know the right course to take is to drop the price if they want to sell their properties,since it has now shifted to a buyers market.
lf they won't budge in the reduction in price,then just walk away and look at the many ten's of thousand other empty properties available at your own liesure.
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Old 4th December 2008, 14:58   #4 (permalink)
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Re: Property Prices

If we were looking @ a new build apartment for £50000 what would we expect builder to drop down to to sell.
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Old 4th December 2008, 15:05   #5 (permalink)
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Re: Property Prices

Quote:
Originally Posted by susan burton
If we were looking @ a new build apartment for £50000 what would we expect builder to drop down to to sell.
Yes,all depends on the eara also and how many beds etc.l know of houses selling now for around the 40,000pd mark near the beach.
So knock him down to around the 30,000pd mark for a 3 to 4 bed apartment,and go from there
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Old 4th December 2008, 15:17   #6 (permalink)
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Re: Property Prices

Quote:
Originally Posted by bobthenob
l have seen over the pass 2 years of people coming and going to this empty semi detach property,just a little up from us,showing no interest in it.So l went to have a look and it is a house that was constructed in a slap way.With uneven foundations pavements etc,and cracks in the structure makes it a deterrent,let alone it being an unattractive property to sell.
Also this builder has the dam cheek to seel it for 80,000pds,l would make an offer on him paying me to have it knocked down.
A fine example of the many builders that will not recognize the global financial climate at present should have an effect on them.They still are charging the same price as it was 2 years ago.Oblivious to logical thinking and is burdened with the properties that are not shifting.
Also there are the logical thinking builders that know the right course to take is to drop the price if they want to sell their properties,since it has now shifted to a buyers market.
lf they won't budge in the reduction in price,then just walk away and look at the many ten's of thousand other empty properties available at your own liesure.

Bob trying to see the logic in these builders is like trying to understand why these very same builders are still building new houses like they are going out of style.

Biker Bob
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Old 4th December 2008, 15:37   #7 (permalink)
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Re: Property Prices

Quote:
Originally Posted by SuperBogs
Bob trying to see the logic in these builders is like trying to understand why these very same builders are still building new houses like they are going out of style.

Biker Bob
l think l know why,because there is a sinister sting in their thoughts.
Some of these builders and their associates will carry on building knowing they have these deeds held by the banks as callateral,until the loans are paid off,which they know they cannot pay these loans.So,they will decieve the buyer once again,telling them the deeds will be with you,once the final payment has been made,and will make ongoing feeble excuses why the deeds are delayed to the buyer.lt happened to me years ago,where l constantly argued about where are my deeds.Then l sold my property to a builder[Yes,,l am not tellin' porkies] and low and behold,suddenly the tapu appeared from his drawer,which he neede to make the exchanges from the one l wanted to buy in Akbuk.
They will also charge above the recommended price to the properties with attractives gimmicks and a policy of manipulating the buyers thoughts in their favour.And some agents with these builders are charging also as much as 25% commision,nice earner from the swindlers.
l will never,never,ever again put my trust in builders and there agents,until they can prove to me, they can be trusted.
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Old 4th December 2008, 15:48   #8 (permalink)
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Re: Property Prices

They don't have to be "logical" ..there are what are known as developing countries...moneyflows in ..then it stops...the 'internal' business community does not have to recognise that per se...all they have to do if they cannot say sell a house at 100k lira..is collectively wait around for a devaluation (or weakness in their currency) ..which in effect writes off most of their past financial errors ..and sure enough they will be selling a property for 100k in 'new' lira to the latest set of would be investors..does not make any difference to them in terms of their internal economy other than inflations reignites again ,but at that point that 100k 'new' lira looks cheap to the external market of buyers ...existing buyers in old lira don't care unless they have a need to repatriate their investment at which point they realise why developing countries are called high risk as they try to figure out why they appear to have just lost 50% of the purchasing power of their original investment.
It's a shell game.

Quite a few people will have had a good few years where interest on their money was high and the moneyflows kept the currency relatively moving in their favouras well ..a double yummy...now 'nothing' works forever ,property or the aforementioned...it's a lot harder to make it work when interest on your money drops AND the currency weakens against you....be warned ,I repeat nothing works forever and the smart one's get off the particular investment 'horse' they have been riding and look for another one.

The best investment right now is in yield and cashflow NOT property ,but if you like that 'horse' by all means keep riding it.
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Old 4th December 2008, 16:01   #9 (permalink)
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Re: Property Prices

Quote:
Originally Posted by SuperBogs
Bob trying to see the logic in these builders is like trying to understand why these very same builders are still building new houses like they are going out of style.

Biker Bob
Oh, its so good to have you back BB.
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Old 4th December 2008, 16:31   #10 (permalink)
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Re: Property Prices

I don't disagree with you..that's why I did say "best investment" as a limiting statement ...the problem is many people are not so clear about what they are doing is it lifestyle ,is it investment ,is it both depending on how they wish to rationalise their choices to fit the circumstances ? LOL
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