Purchase a Property in Turkey

Many questions come to mind about buying a property in Turkey in light of the current conditions of financial inflation and the decline and instability of the Turkish lira. Among these questions you may ask  (Is It the Right Time to Purchase a Property in Turkey?). To answer this question, read this article from Ebla Real Estate.

Why is the real estate market in Turkey witnessing an unprecedented boom and demand, despite the deterioration of the Turkish lira?

Despite the strength of the Turkish economy, considering it among the top ten in the world according to the domestic product and the power of purchasing transactions the Turkish.. Currency is witnessing a significant decline recently; The Turkish lira lost about 45% of its value in December of this year compared to its value in the previous year 2020.

This excessive decline in the Turkish lira encouraged many foreigners and Turks alike to purchase real estates, given the differences in the exchange rate of the Turkish lira, against foreign currencies.

The value of the dollar, for example, was equal to 9 liras in September 2021, but now it is equal to 14.20 liras. This difference covered the space created bythe financial inflation in the price of real estate.. Taking into account securing capital and depositing it in a process (purchasing a property), with guaranteed returns and huge profits.

That is why we see how real estate circulation increased for foreigners and witnessed double sales at the beginning of 2021 compared to the last year.

The European Statistics Office stated that Turkey was ranked first in Europe with the highest annual increase in apartment prices at the same period that the Turkish lira lost about 22% of its value.

Is It the Right Time to Purchase a Property in Turkey?

Real estate investment in general is extremely necessary and beneficial,  as real estate plays a major role in securing the financial future. Experts confirm that real estate investment is one of the main pillars of the portfolio.

The most appropriate opportunities to buy a property in Turkey are in light of the fluctuation and instability of the Turkish lira. Moreover, inflation and the low level of the Turkish lira are among the most important incentives and motives for buying a property in Turkey.

And contrary to what some people imagine that waiting for the stability of the Turkish lira is the most appropriate time or waiting for the rise of the Turkish lira and that is for two main factors:

1. In the event that the Turkish lira rises and returns to its level, real estate in Turkey remains fixed-price with the continued growth of its price, as it is the nature of the rise in real estate. It is one of the axioms of the economy throughout history unlike gold and foreign currencies that decline against the rise of the Turkish lira. In economic norms, it is impossible for real estate prices to decrease if the Turkish lira experiences stability. On the contrary, it will witness a recovery with increasing prices.
2. The increase in supply and demand.

Ebla Group Real Estate Services:

Ebla Group Real Estate in Bursa offers its consulting and legal services free of charge to its clients accurately and to the fullest extent.

Moreover, it has a major and essential role in evaluating real estate in Bursa.

Ebla Group Real Estate in Bursa makes real estate tours, assists its clients to choose the appropriate property, provides them with service facilities, and facilitates legal transactions for them professionally.

We also provide a comprehensive and prospective study for any real estate project in Bursa,  that the investor desires, with an estimate and evaluation of the profits and financial returns.

Edited by: Ebla Group Real Estate

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