Brits Eyeing Turkish Property Should Move Now or Risk Paying More
Any Brits planning to buy property in Turkey should be looking to lock in their price now, experts have suggested. The Pound has strengthened a lot against the Turkish Lira in the last couple of months, making Turkish property much cheaper to British buyers, and experts think it may have run out of steam.
There have been signs that the Turkish economy may recover earlier than originally feared, and though there is also positive economic news in the UK, with the Pound so strong it is vulnerable to losing ground against the Lira.
“Sterling is currently worth 2.52 Lira, having rushed up from the Forex floor of 2.30 since the beginning of April. This is far higher than Forex experts thought it would go, and it could start to fall at any moment, especially with the current positive economic news in Turkey” says overseas property expert Liam Bailey of Write About Property.
“Turkish property is currently 19% cheaper to British buyers than it was in April, and any Brits considering a Turkish property as a holiday home or investment should contact a Turkish property agent now to enquire about locking in at the current price,” he explained.
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I agree with the above comments. Prices of property has certainly dropped. The most confusing aspect for people searching the web however is a lot of websites are still showing the old prices. If they like the look of a property then they should get in touch with the agent and be direct. How much discount are they willing to give?. If it is a re-sale property then put in an offer. If it straight from the builder then ask for free air conditioning. It is a buyers market at the moment but May and June was good months for sales to foreigners. If the market continues like this then prices will soon start to creep up.