Posted on 26 November 2009
The pound is currently surging against the Turkish Lira. It has not gone below 1.45TRY in over a week now. That means that Turkish property is now fluctuating between 9% and 11% cheaper to British buyers than it was in April. Little wonder then that demand for Turkish property is currently surging also.
Not to repeat ourselves, but we can’t stress enough the point that people are buying bigger properties at the moment, because of the exceptional value for money they are currently getting in Turkey.
Okay Turkish property prices haven’t fallen by nearly as much as the rest in the world — in fact luxury properties in Turkey have actually risen in price in many areas — but with the weak Lira compared to the strong Euro, Turkish property is currently offering the best value British buyers will find within short-haul radius.
In just a 2 minute search of the Spot Blue site you will find 3. The first, in Fethiye, — near the world class tourism destination of Olu Deniz (see image and details here) — is a luxury villa with large gardens, within walking distance of the sea and 45 minutes of the airport for just £115,000.
The second is a large villa in Bodrum, again it is the ultimate in spacious, open plan luxury, with large gardens and a communal pool, again within walking distance of the sea, this time 30 minutes from the airport for just £165,000.
Last but not least is a fully furnished luxury villa in Alanya, with a communal pool and gardens, walking distance from the sea and 90mins from the airport for just £130,000.
All the properties above are 3 bedroom, 2 bathroom and capable of fetching 8-12% rental yields, based on what owners of similar properties are currently achieving. Why not take advantage of the currency to buy your dream home today?
[update added 26/11 17:10: The pound is now at 2.52 against the Turkish lira – higher than it has been in many many months – buy now]