luxury apartments in Turkey for sale

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luxury apartments in Turkey for sale



The lira stabilized on Tuesday, but house hunters with euros, pounds or dollars to spend would still get anywhere from a 12.5% to 21% discount compared to only a week ago, according to invest in turkey.

For example, a TKY10 million villa that would have cost an American roughly US$1.9 million last week, would now set him or her back only US$1.57 million, a hypothetical savings of more than US$300,000.

Outside of real estate, luxury houses for sale in Istanbulwith foreign money seized the opportunity the lira crisis presented this week, with tourists forming long lines outside of Louis Vuitton, Prada and Chanel in Istanbul, according to published photographs taken in the city on Monday.
Arabs have instead started looking into properties in the Marmara province of Çanakkale because of lower prices, a real estate agent said.
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Indeed, booming tourism in Turkey, particularly from the Arab Gulf and greater Middle East, this year is likely to aid the country’s property industry through 2019, Mr. Walker said.

"Tourism fuels the property market," he said, and this year has already been exceptional in spite of the state’s political and economic woes. Turkey logged a record 11.5 million foreign tourists in the first five months of 2018, a 31% jump over the same period last year, according to the Culture and Tourism Ministry. Mr. Erdogan has said that he expects Turkey to host a record 40 million tourists by the end of the year.