Turkey offers Greek lifestyle at cheaper prices
Sunday, November 16, 2008
Those looking for property in Greece may be able to purchase a similar home with comparatively lesser cost if they take a look at Turkey, it has been reported.
Shelter Offshore Cited research conducted by leading consumer group stated that the hidden costs of Greek properties in the guise of transfer taxes, land registry and other notary fees makes the purchase of a £100,000 property can see £10,000 added to the bill. The research suggested that when all other expenditure is considered, this sum can rise to £17,500.
Purchasing a property in Turkey may set you back as little as £19,000 for a holiday home, a bargain compared with Greece and other charges are comparatively low at around £7,000.
The Telegraph stated that first-time buyers from the UK are increasingly snapping up properties in Turkey. This is because they can enter the market at a price which compares very favourably with those in Britain. Besides, the potential for capital growth means such a purchase could prove to be highly lucrative.
Social BookmarkingShelter Offshore Cited research conducted by leading consumer group stated that the hidden costs of Greek properties in the guise of transfer taxes, land registry and other notary fees makes the purchase of a £100,000 property can see £10,000 added to the bill. The research suggested that when all other expenditure is considered, this sum can rise to £17,500.
Purchasing a property in Turkey may set you back as little as £19,000 for a holiday home, a bargain compared with Greece and other charges are comparatively low at around £7,000.
The Telegraph stated that first-time buyers from the UK are increasingly snapping up properties in Turkey. This is because they can enter the market at a price which compares very favourably with those in Britain. Besides, the potential for capital growth means such a purchase could prove to be highly lucrative.
Labels: Life-style, Property-prices
