Real Reported CaseInvestmentAlanya, Turkey
Off-Plan Property Investment in Alanya — Guaranteed Rental Returns Never Materialised
European investor (anonymous)
European investor bought off-plan apartment in Alanya with promised 8% guaranteed rental returns. Management company dissolved. Construction defects found. €45,000 at risk.
Case Details
Category: Property Investment
Location: Alanya, Turkey
Reported loss: €45,000
Status: Unresolved
Timeline
- Investment based on guaranteed 8% annual return
- Property completed and handed over
- Rental income received ~3 months
- Management company ceased communication
- Investor visited — construction defects discovered
- Management company found dissolved
- Developer denied responsibility
What Happened
The investor purchased an off-plan apartment after being presented with marketing promising guaranteed 8% annual returns managed by a local company. For approximately three months, rental income was received.
The management company then ceased all communication. The investor discovered significant construction defects including water damage. The management company had reportedly dissolved, and the developer denied responsibility for the rental guarantee.
Reported Issues
- Guaranteed returns stopped after 3 months
- Management company dissolved
- Construction defects discovered
- Developer denied responsibility
Financial Breakdown (Reported)
- Purchase price: €45,000
- Rental received (3 months): ~€900
- Expected annual return (8%): €3,600
- Repair costs: not quantified
Outcome
Unresolved. Property unsellable due to defects.
Context & Pattern Insight
Guaranteed rental return schemes are a documented risk area. The guarantee is typically from a management company — not the developer — and these entities may dissolve without liability.
Source & Transparency: User-submitted complaint · Independently summarised, anonymised & structured for clarity · This report reflects user claims and has not been independently verified · ClaimAbroad does not accuse any business of wrongdoing.