How does the rise of the dollar and its fluctuations against the Turkish lira affect real estate investment and the real estate market in Turkey?
Real estate investment in Turkey in light of the decline in the Turkish lira against the dollar has many facts
-Where the decline in the Turkish lira gives greater competitive strength and an opportunity to sell real estate, sell goods and export more
- The decline of the Turkish lira against the dollar motivates foreign investors to enter the Turkish market and take investment opportunities at the lowest cost
- In addition, the decline of the Turkish lira against the rest of the currencies is strengthening tourism, as tourism lasts throughout the year to reduce costs
- With regard to buying property in Turkey, any foreign person who wants to buy a property can benefit and make a profit when paying the value of the property in monthly installments
- The decline of the Turkish lira against the dollar makes the monthly installments in Turkish lira much lower during the time relative to the dollar
((Example: When buying a property in installments in 2020 and installments for two years, and the price was fixed in Turkish lira, and the monthly installment was 7300 Turkish liras, which is equivalent to 1200 dollars in the year 2020
But in 2021, and in light of the decline of the Turkish lira against the dollar, the monthly installment became 7300 Turkish liras, equivalent to 650 dollars))
- In the case of buying and paying the full amount, the person who paid the full amount has made a profit because real estate prices are constantly rising due to the constant demand and a lot of real estate in Turkey.
