Traditional Stone House - Gumusluk Nr Bodrum
New law opens up Turkish property market and makes the buying process quicker
14th May 2012
If you havent already heard, a new law relating to foreign ownership of property in Turkey has passed parliament.
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Having just returned from a quick visit to Turkey to see family , i was amazed how much difference the exchange rate can make. Having spent some time in europe last year, the difference in living costs was quite considerable.
In Turkey i was pleasantly surprised at the costs of eating out, the small change has made quite a difference when comparing to the Euro.
Applying that to the prices of properties when buying in Lira, amounts to huge savings compared to a couple of years ago.
For example, this house:
Is for sale in Turkish Lira, 350,000
2 years ago this would have cost ~ £154,000
At todays rate it is ~ £123,000
A saving of £31,000 !
Take a look at other properties we have for sale in Turkish Lira:
View all our latest properties
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