Hi Kamal good to know that your villa has been completed, I'm buying an apartment in phase two and I've got a few concerns. Can I ask if you have any photographs of the site and if so can I have a look please, just to ease my mind. Many thanks joe
Hi Joe,
I think you are right to be concerned. We too were in the process of buying at 'The Village' on Phase 2.
We signed up last May 2010 and were told that the property (one bed apartment) would be ready in March 2012.
On our recent visit to our other property in Akbuk (now fully completed), we popped over to see the Village and
were very dismayed at the current situation. Although Phase 1 is built, ie, villas and apartments, the pools,
pool bar, all other facilities are not finished and from what we saw, I don't even think that all the properties
were sold, many of them still seemed completely empty inside and the outside rubble here and there made it look like a deserted
lot. The builders may not have the money to finish Phase 1 properly. This is only our opinion. Kamal may know more if he lives
there. Back to Phase 2. The builders had not even started any building as of May this year and they are not allowed to build during the summer months i.e during the tourist season other than inside painting and decorating. When we contacted our lawyers
they told us that the builders have not yet recieved the building licence to proceed with construction for Phase 2. Although they may possibly do so at a later stage (depending on how many properties they can sell). As we did not want to wait a further year or two and, having our money albeit paid in stages to be tied up for so long, we asked our lawyer if we could pull out, even at this stage. Fortunately, our lawyer had been putting our money into an escrow account and had not paid it over to the developers until they received notification of the building licence. So our money was safe at least. Also, we did not realise that the contract we signed could be cancelled but we would lose our initial £2000 deposit. We were happy to pull out and have now got our money back.
In Turkey contracts are only valid if they are notorised by a public notory, which ours were not. Very few are so it is much easier to cancel without penalty. So long as your lawyer is a good one there should be no problem.
On the other hand, you may well be prepared to wait for the developers to obtain the building licence - there is nothing to suggest that they are in anyway dishonorable other than they are having problems marketing and selling Phase 2, and it could take much longer for it to come about. That is probably why you cannot contact anyone easily, the developers website has disappeared and advertising only on third party agents and of course no pictures.
(We have been advised by several people 'in the know', that building licences do not take long to be granted, therefore warning bells
started ringing - hence we pulled out).
J
