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Old 5th November 2014, 13:22   #1 (permalink)
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Anyone know about rebuild costs of property?

With a 27 year old flat in İzmir İ am curious to know what appartments actually cost to rebuild per square metre here? İ don't understand Turkish and it is one of those mysteries in life!!...my wife is Turkish but not interested!!
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Old 7th November 2014, 09:23   #2 (permalink)
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Re: Anyone know about rebuild costs of property?

The rebuild cost in Turkey is 700Tl per square metre.

Hope this gives you some idea.

If you have insurance the total build cost would be written according to total sq/m but like many threads on insurance here not many look at the cost per sqm.
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Old 9th November 2014, 12:33   #3 (permalink)
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Re: Anyone know about rebuild costs of property?

yes but that is for a flat within a block...the block and roof has to be rebuilt in case of demolition and rebuild........a student i teach has said that the cost is 50000 tl per unit but i couldnt ascertain if this included the interior as well as the rebuild!??
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Old 9th November 2014, 13:36   #4 (permalink)
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Re: Anyone know about rebuild costs of property?

I have to smile over this thread.

I had villas built. I was offered (by the same company) three prices. All per sq metre, 650, 750, 850 TL. That included all fixtures & fittings. I was told that 650 TL was poor workmanship, 750TL was average & 850 TL was the best materials & workmen. Fixtures & fittings was Jacuzzi, boiler (had solar instead), lights, kitchen ect.

The price never bothered me but the fact that they would even employ crap workers did, so I went somewhere else. I dare say prices fluctuate on the area where the build is. The builder dropped a right b*llock on my project........he thought he was digging into dirt, turns out it was solid rock..............& no he never approached me for more money but made it plain if he had known the price would have been higher.

I am talking 10 years back now & my quotes were from five "destruction companies", all of which were in the same ball park with their figures.

I will say this, anyone who is having an individual property built in Turkey ie a villa, then make sure you are in Turkey yourself. That way you can keep your eye on them (I did twice a day) & you are on it if you want alterations inside. If I had not been there we would have had, three washing machine points per villa & the three villas would have been open plan, which I changed midway through.

I also made it very plain to the workmen that I was the "Patron" & what I said goes & it did.
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Old 28th November 2014, 16:25   #5 (permalink)
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Re: Anyone know about rebuild costs of property?

Good for you Spurs.
Being on the site or using someone with a known record of building quality constructions is helpful. Have you sold all your Villas now?

My comment in this thread was more related to figures used in rebuild cost for insurance purposes.
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