The Turkish Lira has been on a turbulent ride the last few years, gripping Turks and emerging economies with a financial interest in the country, falling by 42% since the beginning of 2018 alone. What's happening to the Turkish Lira in 2019? We explore the reasons for the Lira crisis and what it means for investors in Turkey.
Turkey rarely left the headlines this year. President Erdogan and the state of the lira dominated the news. However, one constant remained steadfast: Turkish property continued to shine, and interest in investing in Turkish property grew. We look to 2019, providing the kind of inside knowledge that our investors count on to make the best investment choices.
The lira crisis is on everyone's lips. Whether you consider it a disaster or an opportunity depends on where you're sitting. Financial collapse, or a chance to make a killing in a once-in-a-lifetime situation? Here, we look at the silver lining in the cloud, and explore the opportunities on offer for anyone with pounds or dollars in their pocket.
The falling Turkish lira has investors speculating: what will happen to Turkish property prices in 2017? Will they also fall? And if so, will they come back? Should we buy property in Turkey now when Turkish Lira is at an all time low? We explain the real estate outlook for property in Istanbul and Turkey this year, and show you some of the deals investors are taking advantage of with a unique loophole.
The lira has fallen dramatically since last year, and this week reached record lows against major currencies including the dollar, the euro and the pound. We explore why the current situation has come to pass, and the factors behind it. We also explain the measures the government is taking to prevent further losses, and why Turkey's fundamentals are strong enough to weather the current storm.
Should you rush in to buy Turkish property now that the currency dropped off a cliff and lost 22% against GBP, 18% against USD and 17% against Euro in the last 90 days. Will builders and developers in Turkey reduce their prices in line with foreign currency becoming stronger or have their construction costs increased as well? Find out how and when to capitalise on what's happening in Turkey. If indeed you have a window of opportunity to invest in your overseas home at a bargain price, then you wouldn't want to miss out on this one, would you?