Article 3X1GT Property buyers dive in as Turkey’s lira plunges

Property buyers dive in as Turkey’s lira plunges

by
Miles Brignall
from Economics | The Guardian on (#3X1GT)

This week's currency crisis has prompted a flood of overseas buyers seeking bargains

Property investors have been flocking to Turkey this week in a bid to grab houses and apartments that have in some cases dropped from 55,000 a month ago to below 37,000 now.

The highly-publicised collapse in the Turkish lira may have been a disaster for the country - and any British expat who bought there in the last two years - but it has been described as a bonanza for those holding US dollars, pounds or euros.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/business/economics/rss
Feed Title Economics | The Guardian
Feed Link https://www.theguardian.com/business/economics
Feed Copyright Guardian News & Media Limited or its affiliated companies. All rights reserved. 2024
Reply 0 comments