go for it ric i have never looked back best move we made where you buying and good luck
regards
john

Hi Rick put a time limit on your POA once the sale is complete you can always revoke by going back to the notary

when we bought our property two years ago our solicitor was willing to be the poa but said we didnt need him and we would save the five hundred he would have to charge (for us and friends combined). he sent off for searches on the property and our builder swopped tel nos with us and let us know when the tapus had come through. we bought in may when they were partially built and did not go out till september when the tapu had come back. the builder did the running around for us , water,electric and ran us about for getting the property registered at the council offices . the contract at the solicitors covered us for renaging on the deal, for both sides (with time limits etc) we had paid a deposit in may and when the date for the rest of the money arrived we transferred the money from our building society to the turkish bank account we had opened (to save carrying cheques or cash) and paid the money into the builders account less a nominal amount until certain work had been carried out to our satisfaction. it is true to say we were cr.....g ourselves wondering if we were going to get ripped off but i think everyone thinks like that until the business is complete.
we feel we have been ripped off in england by the biggest name in building societies after our mortgage settlement fee and admin costs came to 1500pounds. they forgot to remind us,AFTER settling our mortgage early, that we had a fee to pay. conveniently they didnt advise us , are you doing the right thing, you do know there is a fee. we had fogotten as it had been twenty years ago when we signed the blasted thing.
anyhow, give me turkey anyday. wish i could live there instead of this money grabbing country

I love turkey but so many people have rose tinted glasses when they are out there in the sunshine. There is plenty of money grabbing going on in Turkey too. Banks there charge a lot to transfer money and all sorts of other services. I was charged £12 to transfer £50 into a friends account. Some Brits in front of me were having a fit at the charges to change travellers cheques. I've often been over charged by trades men adding extra because I'm British. Turkish friends now insist they help me when it comes to paying for anything as they were so cross about the amount of times I was ripped off. An electrician charged me 4 times the going rate, a gardener tried to charge me 3 times the going rate for some work. We were hugely overcharged by a taxi driver who took a very long detour to where we wanted to go. A lawyer really swindled us out of £2K. So you still have to be very careful, the only difference is they do it in such a charming way!

jmk.........we call it white tax............. luckily my peruvian wife is a match for any turk.......... but seriously...at least 1/2 any price tradesmen give you

Jmk,

What you have to realise is that the banking sector is nowhere near as subtle in its money grabbing ways in Turkey as the UK. In Turkey, as in many of the new EU members banking sectors, they don't have so many of the sophisticated (some would say underhand) financial products which apply charges at the 'back end'.

If you think about charges for overdrafts that people hardly notice happening or charges on loans/credit/mortgages which mount up, you'll see my point. They throw money at you in the UK and then own you for life with drip-drip charging.

Enjoy the up front charges in Turkey while they last - they might seeem steep but they need to be for the banks there to profit. It won't be long before it is just like here but maybe that is exactly what people want.

Sorry if that sounded deeply cynical but hey, that's life!

your so right briar i like banking in turkey i have accounts with two banks in fethiye i never have a problem because of what you see is what you get in charges
how many banks in the uk have you sat drinking wine or tea in
its great

if you have ever heard of altinkum then you will have heard good things about it. akbuk however is the next big thing i bought a house with a small company the best way if you ask me because you know they will give you 100% and thats what they did.what ever you need they will find it for you from land to bars to hotels if thats what you want they are called kardia homes its a family run buisness so you really feel close to them. i could not fault them so dont forget the little companys cause they are more likly to give you a better deal.the e mail is
-- Removed by MarkJ HT Mod --

Brad

Do you know Sarigerme which is just 10 min drive from Dalaman airport here there is going to be a 18-hole golf course in next few years not only a Golf Course also A Marina at Dalaman so Dalaman&Sarigerme Area is excellent place for invesment at the moment.
see the website of the company devellopping golf course http://www.gocay.com.tr/tourism4.htm

please feel free to ask

Regards

Mustafa

sarigerme is fast developing but souless... prices have rocketed there since the all inclusive hotels built on the beach. I hope turkey doesn't turn into Condo Spain..all golf courses and brits. Go for somewhere that will still retain its Turkish charm and identity.

I see your point but in UK I don't borrow money apart from the mortgage and then we read all the small print about early repayments so we do know about it. I never overdraw and pay off credit cards completely. So I never pay bank charges. If I did borrow money I would expect to pay for it - anywhere. I do transfer money from my account to my hiusbands account and the other way quite often but we are never charged for it and it was that kind of transaction that I was charged for so heavily in Turkey. They have quite a lot of my money sat in the account so they must be making money on that. I did notice another time when i went in to transfer money to a builder I was with a Turkish person and then they said they would waiver the fee because I was with one of their respected customers. That bugged me a bit. There is always money in my Turkish account and I rarely take out much and certainly never try to overdraw so why am I not a respected customer. So I do call that money grabbing and my money has never been grabbed in that way in a UK bank. It seems that not all customers are treated in the same way in that particular bank.

JMK,

I say again: The banks in Turkey will, at the moment, charge you for just the sort of transfers you refer to. This is a front-end charge, not a charge on a borrowing or an overdraft. The fact that you personally, unlike millions of Britons, don't suffer at the hands of UK banks is due to your common sense and good financial management - not the banks fair treatment of customers.

The unbalanced treatment you talk about is down to two things:

Firstly, bank managers in Turkey still have some discretion about what they do - again - as you know, unlike in the UK. Secondly, Turkish society is not the same as British society. It's that simple.

Yes I do understand all that but I was answering a thread that implied UK banks were money grabbing - and Turkish ones were not. In fact they all are but in different ways. A charge of over 20% on a straightforward transaction within the same bank is huge. Obviously I have learn't from that and will not make any more transactions of that kind. Turkish friends have agreed that it was over the top. If I really have to do it again I will just have to take my respected customer friend with me because I as an English person with a healthy balance am not a respected customer in that bank. Might decide to change banks.

Fair enough, as you say, you live & learn. It's just that rules & regs mean different things in different places. I don't bank with them myself but many people seem to like Garanti's online service - but then again there are probably as many who hate them!

I am looking at buying some property in Altinkum will be flying out at the beginning of June. I have made appointment's to view property's with Turkishhousehunter's and also with Turkishdreamhome's and was wondering if anyone has had any dealing's with either of these company's. Any other imformation or advice on other company's would be much appreciated.

Hi Sheppo,

You really open a can of worms when you ask for opinions on agents and you are likely to hear as many good as bad comments on forums. However, as long as you can 'see the wood for the trees' you can usually build up a picture of the agent. I've written two short articles on agents in Turkey, which may be of use and you can find them on my blog: http://turkishplace.notlong.com. Apart from that, it really is proceed with caution.

Hi

Just back from Turkey had a wonderful time in Olu Deniz but had a trip to Sarigerme and loved the area so much we would like to buy a property out there, does anyone know a good agent we can contact here, we would like to be near the beach.

Thanks Debbie

*Edit split from excursions topic and moved to Ex Pats Briar

Hi,

Have a read through this topic

Mark

How do I find where you moved me to? Sorry if I posted in the wrong area, new to t his