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Price fluctuation


Because of the strong fluctuations of the Turkish lira, the editors of Spiegel Online have done research on the effects on the Turkish real estate market on the Turkish Riviera up to Bodrum. Al-Active has also been interviewed. It should be clear that many materials from abroad are used during construction. These are, for example, bathroom accessories from “Grohe”, or materials, such as steel or aluminum, that are traded at world market prices in dollars or euros. This makes it easy to understand that the exchange rate only plays a subordinate role in the price determination. For real estate that is currently in the construction phase, you can certainly benefit from a purchase. Since the employees are naturally paid in TL. Most of the resale property offered here comes from Europeans, so the prices are also in euros. The few properties that are offered in TL (2-3%) do not have a fixed price, but are simultaneously increased in price.
Foreigners who live here and have an income in euros or dollars, benefit from the lira and live here very cheaply. It is important that interested parties turn to reputable, recognized real estate companies and not to exploiters. In any case, a blind purchase is not recommended.
Read the full article on Spiegel online here: Click here!