Do I buy property in Turkey in lira or in dollars

Created: 2021-10-11
Last Updated: 2024-04-24
Views: 3121

Content Index

First: Change in the exchange rate of the Turkish lira against the US dollar:
Secondly: The low exchange rate of the Turkish lira against the dollar and its impact on real estate prices in Turkey:
Third: The rise in the exchange rate of the Turkish lira against the US dollar and its impact on real estate prices in Turkey:

First: Change in the exchange rate of the Turkish lira against the US dollar:

The question may become whether I buy property in Turkey in Turkish lira or in dollars in light of the fluctuation in the exchange rate of the Turkish lira between falling and rising, as it is known that the exchange rate strongly affects the real estate market in Turkey, construction companies and construction costs, and therefore the This effect will extend to include real estate prices in Turkey as well, especially since the exchange rate of the Turkish lira is witnessing many changes.
The idea comes from the change in the exchange rate of the Turkish lira against the US dollar as follows. When the Turkish lira falls against the dollar, the costs will rise, and then the possibility of the property price changing upwards in lira increases, but there is always an interval between the rise and the change in real estate prices in Turkey Here, whoever owns a sum of money in hard currencies such as the euro or the dollar will have an opportunity to seize and earn profits before the price of real estate in Turkey rises.

Secondly: The low exchange rate of the Turkish lira against the dollar and its impact on real estate prices in Turkey:

To explain this idea, let's use as an example an apartment worth one million Turkish liras, and then at an exchange rate of 7.5, its value is equivalent to one hundred thirty-three thousand US dollars. US dollars, and the investor will be able to make a direct profit of five thousand US dollars.
* But in this case, it is necessary to act quickly in order to ensure good profits from the exchange rate with the possibility of an increase in the decline of the Turkish lira, but with the passage of time the construction companies will start raising real estate prices in order to balance them with the exchange rate, and then they will have You missed the opportunity to make profits and take advantage of the situation on yourself.

Third: The rise in the exchange rate of the Turkish lira against the US dollar and its impact on real estate prices in Turkey:

In the event of an increase in the exchange rate of the Turkish lira against the US dollar, the infants will be completely opposite to what was previously mentioned in the event of a decrease in the exchange rate of the lira. Taking into consideration the possibility of the exchange rate going back down again.
* But in general, it can be said that predicting the extent to which the loss or profit is achieved from the real estate sector in Turkey should not be dependent on the change in the exchange rate, especially when buying property in Turkey, because the profit and loss are two things that cannot be determined simultaneously. And directly, any moment you buy a property in Turkey only, but the issue depends on many variables and factors, including patience. The secret to making profits from the real estate sector in Turkey can be waiting and seizing the golden opportunity at the right time.

At Ramzy Real Estate Company, we are glad to accompany you on the journey of buying property in Turkey and to provide you with a range of services to make the process smooth and easy , as we are always keen to present a variety of options for residential and investment properties in addition to helping you obtain Turkish citizenship for those looking for it.
Our services:
- Legal advice .
- Property Management.
- After-sales services .
- Legal services and obtaining Turkish citizenship.
- Buying and selling real estate in Turkey.
- For more details, you can contact us via the communication platforms or via the WhatsApp attached on the site.