By: mytapu webmaster | April 12, 2019

Accurate Property Price Information for Turkey

We find some challenges when we look for the trend of property prices in Turkey. How much have they gone up? Or down? An estate agent says they have gone up by 20%. Is it true? Yes, 20% in Turkish Lira prices; but just a moment…. The Turkish Lira is down by more than that over the last year. So that means the dollar or euro prices are down. Is that right?

Yes actually, that is correct. Unfortunately 

 most of the property price tracking services in Turkey only report in Turkish Lira. That is somewhat misleading if you are an investor, because you want to know the hard currency price trend. Or at least you want to know the inflation adjusted price trend. Fortunately there is now this place to find accurate price indications for ...

By: mytapu webmaster | April 12, 2019

We were recently told by an estate agent in Turkey that the valuations of property provided in appraisal reports are 30% less than market prices….  That means if our family want to make a property investment of $250,000 to obtain citizenship and passports, we need to be paying about $350,000 because the valuation will be 70% of 350,000, which meets the minimum requirement $250,000. Can this be true?

Fortunately we found local experts to help us with this, and what they told us is that it is NOT true, and many agents will say such things because they know very little about professional real estate practices, and focus instead on saying what-ever is necessary to maximise their commissions and profits. The reason it is not true is very s...


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