Udturkey Reviews 

6
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TrustScore 3 out of 5

3.1

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Company details

  1. Consultant

Written by the company

United Developers of Turkey is a joint venture, established by the agreement of the foremost construction companies in Turkey, to work together, to provide the best investment options for International investors in the Turkish Real Estate market. United Developers of Turkey has one aim: to create a direct sales channel from developers to investors. Because of our unique arrangement, we can guarantee the best prices in the market!


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3.1

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TrustScore 3 out of 5

6 reviews

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3.1

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Rated 1 out of 5 stars

BEWARE!

You will pay dramatically more than the actual market price!

In July 2022 I purchased a 1 bedroom apartment thru UDTurkey. The list price was $78,000 and after their additional fees the final price was $82,000.

After purchasing, UDTurkey provided an official appraisal that showed the apartment was valued at only $56,000. I later found out that appraisal estimate was also inflated, because similar properties in the same neighborhood (of much better build quality) were selling for about $35,000 to $45,000. Oh, and if you are buying apartments for Turkey citizenship, then be aware you must show official appraisals that match the price you paid. So if you have over $400,000 of purchases, then you also need appraisals that show the homes are worth at least $400,000.

Just 1 month after purchasing, I then found real estate listings on Sahibinden for the same apartments, in the same building, and the price was 1/3 to 1/2 less than UDTurkey. The same exact apartments, except priced 33% to 50% less than UDTurkey.

After purchasing I also found my apartment had construction problems including water leaks (the building developer refused to completely fix the problem), incorrectly installed water pipes (developer also refused to fix), incorrect flooring installation, and in general very cheap and low quality building materials.

UDTurkey makes empty promises such as a "guaranteed buyback", except the amount of money they buyback for is _not_ guaranteed. So they could satisfy their "guaranteed buyback" by repurchasing your property for dramatically less money than what you originally paid. Their claim of a "guaranteed buyback" is worthless and some might consider it a scam.

I became disguised by the apartment and it's poor quality, and 4 months later I resold the property. I sold the apartment for the true market price on Sahibinden, and it sold for only $35,000. In only a few months I lost $47,000 on this awful experience.

Do your own research, and compare prices from the major real estate websites such as Emlakjet and Sahibinden. They have thousands of listings and you will pay dramatically less money than buying with UDTurkey.

I wish I purchased from Sahibinden and not from UDTurkey!!

2024 update: Their Facebook page shows they have changed their name, and now go by turesta.com. it's the same overpriced scam but a new name. Turkey is full of real estate scams and you should consider buying elsewhere!!

11 July 2022
Unprompted review
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