I stumbled upon the Horizon Sky Owner’s site* on Facebook where it seems some investors are in rebellious mood, railing against prolonged delays and rising costs. It was a chilly blast from the past. I had considered buying into the development about 4 years ago when I had a proper job, a decent wage, and a few pennies in the piggy bank. It was at a time when the prospect of moving to the sun was but a faraway fantasy so we fancied a part time slice of paradise as the next best thing. The development was heavily promoted in the London Evening Standard property supplement and I was seduced by Galliard Homes’ first-rate reputation for top-drawer builds. Liam and I attended a slick presentation in a swish West End hotel and talked at length to one of the persuasive, pretty reps. I was dangerously close to signing on the dotted line but, at the critical moment of my madness, I stepped outside, lit a reflective cigarette, regained my sanity and walked away. It was not to be.
I know little of the development these days except that it seems colossal in scale and ambition, located on an isolated slope near Iassos and late. Now we live in Turkey we know so much more. Our lives and means are utterly altered as is the dire economic landscape we all now inhabit. We rent and are thankful for the freedom to move as we please and when the mood takes us. We have been mercifully released from that inbred notion to own that Brits nurture in the womb. “There’s nothing safer than houses” my father used to say. Alas, this has a hollow ring nowadays.
Investing in Turkey no longer offers the rapid return it once did, nowhere does. We travel the length and breadth of the Bodrum Peninsula past half-built developments of little white boxes marching up hill and down dale. No-one seems to be buying and few are renting outside the height of summer. And yet the developers carry on regardless, promising pie in the sky, depressing the market and killing the goose.
* July 2011. The Horizon Sky Owner’s site on Facebook is no longer public.
* February 2013. Horizon Sky now has an open Facebook page that anyone can join.