- Thread starter bebek
- Start date
Looking for a 2 bed apartment
No, building material is to expensive and the locals are buying rather than putting their money in the bank.
Looking for a 2 bed apartment
@bebek well I don't have a crystal ball but just look at the fundamentals. JP Morgan have said inflation will be 55% this year.Foreign debt is off the charts so I don't see how this is sustainable.
We had a property in Kusadasi and when we were looking there were properties that had been on the market for years.I think supply far exceeds demand in Kusadasi(I'm not a fan of the place)
We had a property in Kusadasi and when we were looking there were properties that had been on the market for years.I think supply far exceeds demand in Kusadasi(I'm not a fan of the place)
Looking for a 2 bed apartment
@enoch yes it says the locals are putting their money in bricks and mortar but foreigners don't need to do that.There are also articles talking up the number of foreigners buying property.If $250 k is spent you are eligible for a Turkish passport (36th in the world).That's attractive to Iraqis, Iranians and Afghanis.Plus every month it is record number of foreigners bla,bla,bla
Looking for a 2 bed apartment
Are the Russians buying?The Russian.-Turkish status quo can change at any time.
The Russian passport is 46th in the world.
Are the Russians buying?The Russian.-Turkish status quo can change at any time.
Looking for a 2 bed apartment
I take it you are in Iteland.It reminds me here of peak 2007 in Ireland when there was so much Schilling going on by the Irish government and developers to buy.Cheap property loans were given out in Turkey in May 2020 to keep the property market ticking over. I think there will be a lot of defaulting on loans.
Post a question in general rather than the Kusadasi section and see if you get some other perspectives .
Post a question in general rather than the Kusadasi section and see if you get some other perspectives .
Looking for a 2 bed apartment
www.irishtimes.com
Its easy to predict that property prices will increase next year but how much of the increase will be down to inflation
I can recall in 2005 people were rushing over to Turkey getting off the plane and 1st stop was to emlak and view properties even before booking in at their hotels.
Some people were paying quadruple the price that a local would pay just to secure their dream property
A number of people had to take a huge hit when it came to reselling those properties in both price and inflation
Claire Sweeney's flogging her house on TWITTER: Star inundated with offers to buy her Turkish holiday home
"I bought it for €250,000 about eight years ago and I’d sell it half-price just to offload it. If anyone’s interested, contact me on Twitter if you want to buy me out.”
www.mirror.co.uk
There are some people still unable to sell their properties in Turkey as they have been adding the yearly inflation figures to the quadruple price that they already paid and no-one is biting
Here is a house that sold in Ireland for €26m in 2006 and back on the market for €2.8m in 2015
€26m estate back on market for €2.8m
Period house on 28 acres in Dublin 15 was last sold before the property crash
Its easy to predict that property prices will increase next year but how much of the increase will be down to inflation
I can recall in 2005 people were rushing over to Turkey getting off the plane and 1st stop was to emlak and view properties even before booking in at their hotels.
Some people were paying quadruple the price that a local would pay just to secure their dream property
A number of people had to take a huge hit when it came to reselling those properties in both price and inflation
Claire Sweeney's flogging her house on TWITTER: Star inundated with offers to buy her Turkish holiday home
"I bought it for €250,000 about eight years ago and I’d sell it half-price just to offload it. If anyone’s interested, contact me on Twitter if you want to buy me out.”
Fancy owning Claire Sweeney's Turkey holiday home? Then contact her via Twitter!
The actress told people to contact her on Twitter if they wanted to snap up her property - and she was soon bombarded with messages from potential buyers
www.mirror.co.uk
There are some people still unable to sell their properties in Turkey as they have been adding the yearly inflation figures to the quadruple price that they already paid and no-one is biting
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Tenpin
The Yorkshireman
Looking for a 2 bed apartment
Prices in Kuşadası seem to have jumped significantly in the last few month.
We are around 15km outside of Kuşadası.
People on our sitesi who were advertising their property for 800,000tl in November are now asking 1,250,000 to 1,350,000...and seems they are not willing to take low offers.
We are around 15km outside of Kuşadası.
People on our sitesi who were advertising their property for 800,000tl in November are now asking 1,250,000 to 1,350,000...and seems they are not willing to take low offers.
Looking for a 2 bed apartment
If a person valued their property in Sterling on October 16 2021 at £62,500 exchange rate = 797,500 TL
If someone had purchased the same property of December 20 2021 they would only need £36,250 to =800,762 TL
For today to buy a 800,000 TL property you require £43,500 = 804,750 TL
If someone still wants the Sterling equivalent of their October 16 2021 valuation current GBP to TL rates would indicate a TL price of 1,156,250 TL
Botton line seller values property October 16 2021 with a Sterling value of £62,500 or 797,500 TL
But December 20th buyer only needs £36,250 to buy Seller loses £26,250 of their 16th October 2021 valuation
If buyer buys today buyer only needs £43,500 Seller loses £19,000 of their 16th October 2021 valuation
if they keep the TL property price of 800,000 TL
Its Understandable
If a person valued their property in Sterling on October 16 2021 at £62,500 exchange rate = 797,500 TL
If someone had purchased the same property of December 20 2021 they would only need £36,250 to =800,762 TL
For today to buy a 800,000 TL property you require £43,500 = 804,750 TL
If someone still wants the Sterling equivalent of their October 16 2021 valuation current GBP to TL rates would indicate a TL price of 1,156,250 TL
Botton line seller values property October 16 2021 with a Sterling value of £62,500 or 797,500 TL
But December 20th buyer only needs £36,250 to buy Seller loses £26,250 of their 16th October 2021 valuation
If buyer buys today buyer only needs £43,500 Seller loses £19,000 of their 16th October 2021 valuation
if they keep the TL property price of 800,000 TL
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Looking for a 2 bed apartment
If the op is correct it seems that the current market is in favour of the sellers ie More buyers looking for properties than sellers
I Have seen other posts on other threads where TLF members have suggested an open offer of between 15-20% of asking price
so that would indicate if a seller is looking for cash in the bank of £62,500 they will need to advertise their property for 1,440,000 which has a built in discount of between 15-20% of that asking price which seems to tie in with @Tenpin figures
I Have seen other posts on other threads where TLF members have suggested an open offer of between 15-20% of asking price
so that would indicate if a seller is looking for cash in the bank of £62,500 they will need to advertise their property for 1,440,000 which has a built in discount of between 15-20% of that asking price which seems to tie in with @Tenpin figures
Looking for a 2 bed apartment
If your selling property
option 1 accept a currency that on a monthly basis is losing its value
option 2 accept a currency that is either maintaining its value or increasing its value especially against the option 1 currency
I think you will find the same with any nationality not just Turkish
If your selling property
option 1 accept a currency that on a monthly basis is losing its value
option 2 accept a currency that is either maintaining its value or increasing its value especially against the option 1 currency
