Foreign buyers in Turkey on the increase while lira falls

Foreign buyers in Turkey on the increase while lira falls

Turkey’s making headlines as the lira exchange rate drops to the lowest rate this year against both the pound and the dollar, after a fall of over 34% across the past year. However, there’s also good news for the country. According to the Turkish Statistical Institute, house sales increased by 22.4% between June 2017 and June 2018. And, while a weak lira isn’t great for Turks importing from abroad, it does mean lower costs for international property owners.
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