The fall of the Turkish Lira will benefit foreign buyers

The consequence of the current political crisis in Turkey was the fall of the Turkish lira, which was good for short-term investors to buy in euros, pounds and dollars, reports Propertywire.com . As is known, the instability of the political situation in Turkey beginning in 2013 reduced the confidence of foreign investors. Director of Universal 21 Adil Yaman said, however, that now the most profitable time to invest in Turkish real estate. This month, the lira reached a record low, falling 6.3% against the dollar. This gives the benefit of customers to pay in foreign currency for the property, the price of which is assigned to the Turkish lira. Political crisis in Turkey proved to be a consequence of loud corruption scandal, which involved civil servants holding key government posts. All forty-seven people involved in the scandal were members of the ruling party TOKI. The list was published December 17, 2013 and the effect of impact on the Turkish currency in the last week of December. According to Yamana, from this situation may benefit short-term investors. However, he said Yaman, do not forget about the fact that the growth in the Turkish market demand and the development of infrastructure in 2013, largely attracted the attention of foreign investors, which allows you to judge the positive long-term prospects. HomesOverseas.ru