By: mytapu webmaster | July 16, 2019

Two key events recently have provided hope for economic relief and an upward turn to property prices in Istanbul, and Turkey:

1) President Trump (US) signalled the cancellation of sanctions on Turkey;


2) President Erdogan (Turkey) dismissed the head of the Turkish Central Bank, suggesting the new head will move interest rates in Turkey lower.


Are these events sufficient to move property prices higher?

The cancellation of sanctions would be positive for the economy, but the direct impact on property prices is likely to be less direct. The unfolding sanctions story is likely to be less clear, and less significant for property prices.


Lower interest rates would have a positive impact on property prices. With interest rates at 24%, mortgage lending has diminished, and any decline in interest rates will directly increase the amount of mortgage lending, and thus buying. As interest rates are currently at 24%, there is a long way to fall while this process unfolds, and property prices may begin to move higher in anticipation of further cuts.


Are these two events the solutions to projecting Turkish property prices on a sustainable uptrend? Neither of these two events provide the impetus to trigger a sustainable upward trend in Turkish property prices. Instead, there are two other factors that are key to triggering the structural changes required. One of these factors is very slowly adjusting in the right direction. The other factor is already underway, with policy measures introduced earlier this year, but the market has not recognised this, and is not yet anticipating higher prices as a result.


Our internal forecast is that prices may not begin an upward move until sometime between autumn and next spring, 2020, at the earliest. Recent policy announcements call for a decline in Turkish interest rates to single figures by year end 2019. Such a rapid decline would indeed trigger greater interest among property investors in Turkey, leading to higher prices. However the underlying structural changes will continue to be essential for supporting a sustainable long-term uptrend in property prices. For more information about what these two key factors are, and tracking their changes, and the effect on Turkish property prices, please email Advice@mytapu.com .

Investors wishing to participate in the declining interest rate environment in Turkey, by the purchase of property, may also like to consider alternative investments while they are finalising their property purchase (which may take as long as 90 days). These alternative investments will increase in TL value as interest rates decline, and result in a gain in the value of capital, that is designated thereafter for investment in real estate. These alternative investments include the purchase of Turkish Government Bonds. For additional information, please email Advice@mytapu.com.


How to Buy Property Bargains in Turkey...

The technique for buying a bargain priced property requires a little more perseverance, but with savings ranging from $5,000 to $50,000 who in their right mind would object? To succeed, the important point is to start right. Not by searching agent’s websites and following agents’ instructions on ‘next steps’. The correct first step is the mytapu way, a smarter, safer, and better way to buy property in Turkey. Read more here about the how to buy property in Turkey for bargain prices….




Keep informed about property matters in Turkey, with articles like this one…sign-up for our periodic Newsletter here…or here…

 

At mytapu.com our policy is to ensure our clients are fully informed, so that they may make fully informed decisions- this helps to ensure better outcomes all around. 

 

Building Trusted Relationships is Building Our Business...!

See What Our Clients Say About Us...


Central Istanbul Taksim Sislie Rental Property Bargains 

Comments:

Be the first to comment ...

Post a Comment

Tags

Buy Property in Turkey

Sell Property in Turkey

Legal Advice for Turkish Property

Mortgages in Turkey

Property Insurance forTurkey

What Does My Tapu Say

Eksper Rapor and Appraisals

Turkey Property Legal Advice

Eksper Rapor Appraisals

Habitation Certificate

Tapu

Turkey

Tax

Iskan

Property

Turkey Property Tax

Turkey Rental Income Tax

Digital Marketing at mytapu

Selling Property in Turkey

mytapu com

buying property in Turkey

finding property in Turkey

Turkish Vilas

Turkish Lira exchange rates

property show case

sell real estate

Turkish

Show case

kat irtifaki

kat mulkiyeti

Holiday home rentals

Rental Income in Lira

ISKAN AMNESTY

Government Habitation Amnesty

Property habitation permits Habitation certificate

Iskan Habitation Fines

Kat İrtifaklı

Yapı Kayıt Belgesi

Property habitation permits

Habitation certificate

Habitation Fines

Kat İrtifakı

Fines

Penalties

Conveyancing

Conveyance

Real Estate

Transaction Management

Property Investment Citizenship

Istanbul

property finders in Istanbul Turkey

agents

Digital Services Real Estate Property istanbul Turkey

buying real estate in turkey

buying procedure

buying real estate property Istanbul Turkey

Property Finder

Real Estate Sourcing

Property Search Sourcing

Litigation

Legal Case Management

Legal Oversight

Advocat

solicitors

attorneys

Attorney

Solicitor

Buying Property in Turkey

Reservation deposits

Foreign Buyers

Miami

Prices

Profit Margins

Housing Activity

Citizenship

Investment

Lifestyle Investment Property

The Best Way for buying property in Turkey

on-line portals

on-line markets

online exchanges

Independent Impartial Advice for Property and Real Estate in Turkey

Property Turkey

Buy property in Dalyan

Free Guide

Owner s Tool Kit

Yapi Kayit Belgesi

Registration

Investment services for buying property and residential real estate in Istanbul and Turkey

Property Investment in Turkey

Покупка и продажа недвижимости в Стамбуле и Турции

Turkish Mortgages

Property Prices in Turkey

Property Prices in Istanbul and Turkey

low appraisal valuations in Turkey

Buy Property Bargains in Turkey

Property Market Price Trends

Eksper appraisal valuation property reports Istanbul Turkey