Don’t buy a property in Turkey, Wait!

for a week or two to set the property price and the policy for an expert report.
as you have seen the Turkish lira has gained its value against the USD up to 40% according to the date on forex exchange.

The Turkish government has announced many policies to strengthen the lira and to control inflation.
but for the last 2 to 3 months the property prices are skyrocketed, as the $ went up the property was selling out in equivalence of USD price, since the Turkish Lira has gained its value against $ up to 40%, a bubble took place in the real estate market.

If you are a new buyer and looking to buy a property, wait for at least 1 or 2 weeks to make your final decision or to make a deposit to save your money.

In the current situation of lira gaining its value against $ ($1 = 11.5TL) but the property prices are still on the same (when $1=18.3TL), so should wait for a week or so to normalize the property prices in turkey according to the current value of $ against lira or any clear policy or picture by the government to control the property price as the government is planning to control the inflation. else property in turkey especially in Istanbul all-time heigh, that is you are paying $160,000 – $180,000 price for $100, 000 property.

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