Turkish Living Forums - Cost of Living

10th June 2008, 18:21	#11
Terry&Sue Senior Member	Re: Cost of Living I think its very sad to be working out the minimum you can sell it for as you undoubtedly worked bloody hard to buy it. Agree with Saiorse that the best idea is to sit on it until the current crisis eases as its the wrong time to sell. We sold all our properties when the market was fairly buoyant and the demand was there so whats the rush to move? Ride out the storm for a year or two and then reconsider rather than giving your main asset away for a song. Only people really desperate to move are on the market at present and the few buyers sense this and offer stupid money. It was the same in the early 90,s during the previous slump and its fuelled by the media and reports which exacerbate the situation.There is time in life to sit back and reflect unless a bereavement or financial crisis forces a move and just wanting to emigrate to Turkey is not a crisis in my view. All the best Last edited by terry and susan cocks : 10th June 2008 at 18:30.

10th June 2008, 18:24	#12
Pennie Senior Member	Re: Cost of Living hi my family and i live in Akbuk and have for the last 3 years The house is paid for and we live on around 1500-2000ytl per month This is for 6 adults and a baby This includes all bills food running a car when we had one and going out twice a week We know a lot of people live on a lot less than this but we all smoke have three dogs and a large house to run If i can be of any help do not hesitate to shout Pennie xx

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10th June 2008, 18:51	#13
beachhhhhhh Senior Member	Re: Cost of Living So for 2 people you could live on £150.00 a week (paying bills etc) Also does anyone know what the medical costs are of living in Turkey?

10th June 2008, 18:53	#14
saoirse Senior Member	Re: Cost of Living Obviously depend on your age, health etc but we were quoted around £400 a year to cover both of us for virtually all eventualities

10th June 2008, 18:54

#15

saoirse

Senior Member

Re: Cost of Living

Quote:

Originally Posted by terry and susan cocks

I think its very sad to be working out the minimum you can sell it for as you undoubtedly worked bloody hard to buy it.
Agree with Saiorse that the best idea is to sit on it until the current crisis eases as its the wrong time to sell. We sold all our properties when the market was fairly buoyant and the demand was there so whats the rush to move?
Ride out the storm for a year or two and then reconsider rather than giving your main asset away for a song.
Only people really desperate to move are on the market at present and the few buyers sense this and offer stupid money. It was the same in the early 90,s during the previous slump and its fuelled by the media and reports which exacerbate the situation.There is time in life to sit back and reflect unless a bereavement or financial crisis forces a move and just wanting to emigrate to Turkey is not a crisis in my view.
All the best

Very wise words ex neighbour

10th June 2008, 21:15	#16
Mark and Wendy Wendy and Mark	Re: Cost of Living Thanks Pennie, thats what we wanted to know. We don't want to wait, we want to be there now. We really have had enough of this Country. If we wait, how long is it going to be? Will it get any better? Anyway thanks for your help. We are doing our sums now.

10th June 2008, 21:49	#17
Andrew and Mary Senior Member	Re: Cost of Living Mark and Wendy, Sorry to hear you still haven't sold your house. We just got lucky I guess. Had it on the market for just a couple of months and got a buyer. Although the value hadnt risen a penny since last year when we initially had it valued, at least it hadn't fallen either. My son who lives directly opposite me in an almost identical house, just had his valued........at 13,000 less than we got for ours!!!!. The only big difference is he doesn't have a garage. We did investigate the rental potential but the market is flooded. We were not in a position to be without a mortgage, but houses rent out at such silly low rents that we decided against it. Have a good friend with several rental properties. He didn't want to take more on, either to buy ours or to act as an agent. Has enough on his plate I gather. Didn't instill confidence in us doing it. Still reluctant to count our chickens until the all important contract are safely exchanged though. Everything we can cross is crossed, just hoping this doesn't fall through. Good Luck

10th June 2008, 22:50	#18
Mark and Wendy Wendy and Mark	Re: Cost of Living Good luck. A friend of ours sold his but just before the contracts were due to be exchanged the buyers said it isn't worth what you are asking now so we are going to knock £5000 of what we originally offered. As their house had been on the market for 3 years they still went ahead. I'm sure yours will be fine. I've got my fingers crossed.

10th June 2008, 23:01	#19
andy brown Member	Re: Cost of Living Remember those medical insurance prices will rise dramatically the older (and more likely to need medical attention) you get. In later years if (touch wood this does not happen) you have a serious medical condition you may be glad that if you had rented and not sold your UK property, you would be able to return. don't want to be a pessamist, but keep all your bases covered.. Andy

11th June 2008, 10:45

#20

Terry&Sue

Senior Member

Re: Cost of Living

Quote:

Originally Posted by Mark and Wendy

Thanks Pennie, thats what we wanted to know. We don't want to wait, we want to be there now. We really have had enough of this Country. If we wait, how long is it going to be? Will it get any better? Anyway thanks for your help. We are doing our sums now.

Hi Mark and Wendy.
I can understand how you feel but to me the "wont wait and want it now" is a bit like a child waiting for Xmas. Life isnt always getting what you want immediately regardless of the consequences and you have to consider you are severing your UK ties completely making your house sale a major part of your funding.
People who say its the wrong time to get a decent price for your home are just thinking practically as that will provide your capital to live on in Turkey and it is not a bottomless pit with the cost of living rising daily.Turkish inflation has risen to 10.74% in May and Tedas are proposing 30% increases in electricity prices so the recession is hitting globally.
I think if you are moving lock stock and barrel,there is even more reason not to be panicked into giving your UK house away and I cant understand the difference a couple of years postponement will make.
I know the UK has its problems but so has everywhere at present and this is probably the biggest event in your lives with financial implications that need a careful approach

Last edited by terry and susan cocks : 11th June 2008 at 12:50.