Turkey Residential Real Estate Property Market Outlook Trends, Forecasts, and Turkish Lira Exchange Rates June 10 2020
Big News for Property Prices in Turkey
At mytapu.com, our leading indicator of Turkish residential property prices has been very strong in the most recent two week period, increasing 30%. This has been unexpected in market conditions surrounding the pandemic, which are negative for property prices because renters’ ability to pay is reduced, and as rents decline, landlords sell, and new buyers postpone purchases.
Now we know why the leading price indicator has been so strong. The news is that policy makers have imposed upon state banks to offer a new mortgage loan program with extremely favourable terms. The terms are so favourable, they are equivalent to the banks paying buyers and subsidising buyers to purchase a property. Turkey’s three ...
Istanbul is an amazing, beautiful, exciting, and safe place to live. And for those reasons Istanbul is a natural choice for real estate investors.
Unfortunately recent times have not been easy: a declining currency, weakening economy, downward trending property prices, and more than a million properties overhanging the market on sale, certainly make this a buyers market. And now with global interest rates rising, and real estate property prices around the world falling, investors understandably are cautious.
However, with the new citizenship investment threshold for real estate investment in Turkey reduced to just $ 250,000, the buyers continue to come. So what is it about Istanbul, that continues to attract investors from all ov...
How’s the property market doing? Investors' intuition and instincts are telling them one thing, but the news and statistics are saying something else... For real estate investors experiencing this dilemma, these charts tell why….
Conveyancing is a term used in the UK for managing the transfer of ownership during a property purchase/sale transaction. Sounds simple enough? If it is so simple, why are all property transactions in the UK handled by conveyancing experts? And why would anyone in his right mind imagine that he could do a conveyancing in a foreign country in a foreign language by themselves?
Learning as much as possible to ensure you are fully informed, and prepared, is ‘smart’, and this link provides much more information about conveyancing, but it is not smart to imagine you can learn enough to do it yourself- learning that much is an education which is more time consuming and expensive than you planned for – it is cheaper and faster to enlist the servic...