Brits considering buying a property in Turkey either as an investment or a lifestyle choice should seriously consider doing so sooner rather than later, according to experts. The British Pound has recently strengthened massively against the Turkish Lira, and though it is holding firm for now the next movement is expected to be down.
“The Pound is currently worth 2.52 Turkish Lira, this is more than the expectations of Forex experts Moneycorp.com. It has been at this level for over a week now, and this shows stability, but the fact is: it is not going to go any higher, and will come back down again sooner or later,” said Frank Crowley, director of overseas property specialists Azure Overseas.
“When it comes to currencies, what goes up must come down, and eventually the Turkish Lira will regain some of the ground it has lost to the British Pound. If I was going to buy a property in Turkey I would be buying it now,” concurred Liam Bailey, director of Write About Property.
There is also the current positive news about the Turkish economy, with a third consecutive monthly increase in capacity utilisation, a key indicator of economic growth. It is said that if Turkey can have a strong season of tourism it will be among the first to recover from the international downturn. Economic strength means Turkish citizens buying property, and an exit strategy for investors. property for sale in turkey
British tourism to Turkey is expected to grow by 25% this year according to the Association of British Travel Agents, making it an increasingly popular choice for British holiday home buyers.
According to a recent article in the Daily Mail thousands of British people have been buying property in Turkey in the last couple of years.
Leading Turkish property experts are currently marketing Turkey property for sale, prices start from under £20,000.