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Old 14th September 2018, 11:09   #21 (permalink)
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Re: Buying or renting all in Lira

Quote:
Originally Posted by esb1841 View Post
What would happen if the potential buyer reported the request for an additional payment to be made off shore and in a foreign currency
then he/she would not get the house, end of.
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Old 14th September 2018, 11:14   #22 (permalink)
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Re: Buying or renting all in Lira

Quote:
Originally Posted by IbrahimAbi View Post
then he/she would not get the house, end of.
Are you sure as the seller or emlak would be breaking the law by asking for
an additional payment to be made off shore and in a foreign currency

Buyer isn't doing anything illegal only the seller/emlak would be breaking the law
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Old 14th September 2018, 11:22   #23 (permalink)
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Re: Buying or renting all in Lira

Quote:
Originally Posted by Jaycey View Post
I wonder if these properties can be sold at these new prices.
Well, we ended up paying a " new "higher price. The house we bought was originally advertised for 575,000 TL, then it jumped up to the equivalent of 85,000, though we haggled him down a bit. Though to be fair, some houses that were advertised in sterling had their prices adjusted massively to the lira equivalent, one house we were interested in was on a website for 95,000, then it went to just over 66,000 as it was up for sale in TL by the Turkish owner. xx
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Old 14th September 2018, 11:24   #24 (permalink)
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Re: Buying or renting all in Lira

The system that I described has been carried out for so many years I cannot remember. I first came across it in 1992 when buying a house in Bodrum.
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Old 14th September 2018, 11:55   #25 (permalink)
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Re: Buying or renting all in Lira

If anybody imagines they can buck market forces by insisting prices are in a local currency they will find that the people in the market will find ways round the "new" system.
You might not like it but if your currency is perceived as weak against the dollar etc the money markets will reflect that view.
On a side note I always find it ironic how many people throughout the world profess to hate America but don't mind the dollar!
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