The
USD has exceeded 6.5 Turkish lira, which means those who own $ 100,000 today
are worth much more than half a million Turkish liras, equivalent to the value
of a villa or luxury apartment close to tourist areas.
This
represents an irreplaceable opportunity for foreign investors to buy properties
in turkey, or in anticipation of the deteriorating economic conditions in their
countries.
The
opportunity to own real estate in Turkey is an alternative to many
nationalities where it is one of the few countries that allow foreigners to own
and acquire the nationality through purchasing.
Here,
the reader may ask an important question: a 25% Turkish lira devaluation means
a 25% rise in property prices.
In
Turkey, the situation is different, and things do not go this way. The Turkish
trader does not link his work to USD, but with the accelerating the turnover of
the capital, so he does not raise the prices much but slightly so the customer
is not affected. Thus, he constructs many complexes with reasonable price rates
and selling them quickly instead of building only one complex with a 25%
increase.
In
this case, it fills the Turkish lira with a small profit in each complex built
and achieves the optimal investment of its capital by circling it twice a year approximately.
In
this case, it fills the Turkish lira inflation with a successive little profit
of successive in each complex and achieves the optimal investment of his
capital by circulating twice a year.
In
terms of saving, the amount saved in banks does not exceed 10% of its capital, and
the largest savings would be in unsold properties during the inflation period,
it represents a surplus profit for him, and can sell them quickly by 75% of its
value in anytime to get needed finance. this value will be much less than the
market price after five years and more than construction costs.
As
a practical example, a 3+1 apartment in antep area worth was 140,000 liras in
2013 when the dollar worth was 1.8 Turkish liras ($ 78,000), and before the
Turkish lira depreciated the value of the house was 200,000 Turkish lira when
the dollar was equal 4.5 Turkish lira equivalent to approximately 45,000
dollars.
The
currency depreciated from 1.8 to 4.5 by 250%, while the value of the property
rose by only 43% during the same period at the expense of the Turkish lira,
while the value of the property fell by 52% at the expense of the dollar.
However,
the real estate investor in Turkey covers this inflation and adds a huge profit
where purchaser is not affected because he calculates its investment in Turkish
lira not the dollar.
The
builder of a singular building in Turkey earns 25% of his minimum capital, while
complex constructors earns 45% of its minimum capital.