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Friday, August 17, 2018

Property buyers dive in as Turkey’s lira plunges

This week’s currency crisis has prompted a flood of overseas buyers seeking bargains

Property investors have been flocking to Turkey this week in a bid to grab houses and apartments that have in some cases dropped from £55,000 a month ago to below £37,000 now.

The highly-publicised collapse in the Turkish lira may have been a disaster for the country – and any British expat who bought there in the last two years – but it has been described as a bonanza for those holding US dollars, pounds or euros.

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from Property | The Guardian https://ift.tt/2BgXz8d
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