FORUM
  Home
  Forums
  Photo Gallery
  TLF Donations
  Forum Rules
  Register
  LINKS
  Property Buying Guide
  Didim Google Map
  Weather Station
  FUN
  Arcade Games
  Daily Crossword
  Jen's Chat Room
  Lira Exchange Rates
Old 13th September 2018, 09:12   #1 (permalink)
BEZ
Senior Member
 

Thanks: 62
Thanked 317 Times in 207 Posts
BEZ is a jewel in the rough BEZ is a jewel in the rough BEZ is a jewel in the rough BEZ is a jewel in the rough
Buying or renting all in Lira

https://www.reuters.com/article/us-t...-idUSKCN1LT0G2
BEZ is offline send PM Reply With Quote Share on facebook
Old 13th September 2018, 09:22   #2 (permalink)
Senior Member Has-Been
 
immac's Avatar
 

Thanks: 3,112
Thanked 7,642 Times in 2,827 Posts
immac has a reputation beyond repute immac has a reputation beyond repute immac has a reputation beyond repute immac has a reputation beyond repute immac has a reputation beyond repute immac has a reputation beyond repute immac has a reputation beyond repute immac has a reputation beyond repute immac has a reputation beyond repute immac has a reputation beyond repute immac has a reputation beyond repute
Re: Buying or renting all in Lira

Sensible move. He should do the same with all adverts esp. cars

Ian
immac is online now send PM Reply With Quote
Old 13th September 2018, 09:50   #3 (permalink)
20 - 12 - 3
 
yalimart's Avatar
 

Thanks: 12,596
Thanked 20,049 Times in 8,657 Posts
yalimart has a reputation beyond repute yalimart has a reputation beyond repute yalimart has a reputation beyond repute yalimart has a reputation beyond repute yalimart has a reputation beyond repute yalimart has a reputation beyond repute yalimart has a reputation beyond repute yalimart has a reputation beyond repute yalimart has a reputation beyond repute yalimart has a reputation beyond repute yalimart has a reputation beyond repute
Re: Buying or renting all in Lira

It will be interesting to see some of those who say "I bought in euros/, I will sell in euros/" I wonder if they will adjust their prices daily as the TL slowly/quickly sinks.

Martin
__________________
Born in Mancunia

3 Trophies in 10 days
yalimart is offline send PM Reply With Quote
The Following 2 Users Say Thank You to yalimart For This Useful Post:
Duke (14th September 2018), suecheshireuk (13th September 2018)
Old 13th September 2018, 10:48   #4 (permalink)
Senior Member
 
bickern's Avatar
 

Thanks: 2,890
Thanked 12,084 Times in 4,452 Posts
bickern has a reputation beyond repute bickern has a reputation beyond repute bickern has a reputation beyond repute bickern has a reputation beyond repute bickern has a reputation beyond repute bickern has a reputation beyond repute bickern has a reputation beyond repute bickern has a reputation beyond repute bickern has a reputation beyond repute bickern has a reputation beyond repute bickern has a reputation beyond repute
Re: Buying or renting all in Lira

President Recep Tayyip Erdoğan signed a decree early Sept. 13 that requires using the Turkish lira for buying, selling and renting of real estate and leasing of vehicles, in a fresh step to support the ailing local currency.

The decree was published in the Official Gazette.

Purchase, sales and rental contracts of moveable and immovable properties and vehicle leasing made in foreign currencies will be converted into lira within 30 days, according to the decree.

It added that in the current contracts, the agreed prices in foreign currencies will be redefined as lira within one month and the terms of the decree will be executed by the Finance and Treasury Ministry.

On Aug. 29, Treasury and Finance Minister Berat Albayrak said the government would take steps to prevent foreign currencies from being used for real estate and shopping mall store rent and sales.

The new decision on transactions also included contracts for business and services.

The contracts cannot be agreed in foreign currency or indexed to a foreign currency, according to the Official Gazette.

It was the latest in a series of steps Turkey has taken since August to choke dollar demand. The central bank has launched a forex swap market for banks, while the banking watchdog limited derivative transactions.

It has also required Turkish exporters to convert the bulk of their overseas revenue into lira.

The lira has lost some 40 percent of its value against the dollar this year.

Turkey to use lira in property purchases, sales, rents
__________________
Norman

A man who views the world the same at fifty as he did at twenty has wasted thirty years of his life.
Muhammad Ali
bickern is offline send PM Reply With Quote
The Following User Says Thank You to bickern For This Useful Post:
35pluschips (13th September 2018)
Old 13th September 2018, 11:01   #5 (permalink)
Senior Member
 

Thanks: 1,967
Thanked 747 Times in 421 Posts
enoch is a splendid one to behold enoch is a splendid one to behold enoch is a splendid one to behold enoch is a splendid one to behold enoch is a splendid one to behold enoch is a splendid one to behold enoch is a splendid one to behold
Re: Buying or renting all in Lira

I hope he brings the bag shops and clothes shops into this as well . Alanya now is nearly all euro.

Holiday lets ,can you take your rent money in the uk or have you got to be paid in turkey in lira ,then convert back.?

Last edited by enoch; 13th September 2018 at 12:05..
enoch is offline send PM Reply With Quote
The Following User Says Thank You to enoch For This Useful Post:
StuandKath (14th September 2018)
Old 13th September 2018, 11:56   #6 (permalink)
Senior Member
 
35pluschips's Avatar
 

Thanks: 907
Thanked 1,962 Times in 1,246 Posts
35pluschips has a brilliant future 35pluschips has a brilliant future 35pluschips has a brilliant future 35pluschips has a brilliant future 35pluschips has a brilliant future 35pluschips has a brilliant future 35pluschips has a brilliant future 35pluschips has a brilliant future 35pluschips has a brilliant future 35pluschips has a brilliant future 35pluschips has a brilliant future
Re: Buying or renting all in Lira

Quote:
Originally Posted by bickern View Post
President Recep Tayyip Erdoğan signed a decree early Sept. 13 that requires using the Turkish lira for buying, selling and renting of real estate and leasing of vehicles, in a fresh step to support the ailing local currency.

The decree was published in the Official Gazette.

Purchase, sales and rental contracts of moveable and immovable properties and vehicle leasing made in foreign currencies will be converted into lira within 30 days, according to the decree.

It added that in the current contracts, the agreed prices in foreign currencies will be redefined as lira within one month and the terms of the decree will be executed by the Finance and Treasury Ministry.

On Aug. 29, Treasury and Finance Minister Berat Albayrak said the government would take steps to prevent foreign currencies from being used for real estate and shopping mall store rent and sales.

The new decision on transactions also included contracts for business and services.

The contracts cannot be agreed in foreign currency or indexed to a foreign currency, according to the Official Gazette.

It was the latest in a series of steps Turkey has taken since August to choke dollar demand. The central bank has launched a forex swap market for banks, while the banking watchdog limited derivative transactions.

It has also required Turkish exporters to convert the bulk of their overseas revenue into lira.

The lira has lost some 40 percent of its value against the dollar this year.

Turkey to use lira in property purchases, sales, rents
He could even buy the Pastors air ticket in Lira, it all helps.
35pluschips is offline send PM Reply With Quote
Old 13th September 2018, 14:52   #7 (permalink)
Senior Member
 

Thanks: 1,366
Thanked 2,931 Times in 1,152 Posts
bigalant has a reputation beyond repute bigalant has a reputation beyond repute bigalant has a reputation beyond repute bigalant has a reputation beyond repute bigalant has a reputation beyond repute bigalant has a reputation beyond repute bigalant has a reputation beyond repute bigalant has a reputation beyond repute bigalant has a reputation beyond repute bigalant has a reputation beyond repute bigalant has a reputation beyond repute
Re: Buying or renting all in Lira

interesting times .
The Turks will be very creative I am sure.
bigalant is offline send PM Reply With Quote
The Following 2 Users Say Thank You to bigalant For This Useful Post:
IbrahimAbi (13th September 2018), shash (13th September 2018)
Old 13th September 2018, 17:22   #8 (permalink)
Senior Member
 
suecheshireuk's Avatar
 

Thanks: 3,102
Thanked 1,580 Times in 915 Posts
suecheshireuk has a brilliant future suecheshireuk has a brilliant future suecheshireuk has a brilliant future suecheshireuk has a brilliant future suecheshireuk has a brilliant future suecheshireuk has a brilliant future suecheshireuk has a brilliant future suecheshireuk has a brilliant future suecheshireuk has a brilliant future suecheshireuk has a brilliant future suecheshireuk has a brilliant future
Re: Buying or renting all in Lira

Quote:
Originally Posted by yalimart View Post
It will be interesting to see some of those who say "I bought in euros/, I will sell in euros/" I wonder if they will adjust their prices daily as the TL slowly/quickly sinks.

Martin
This did happen to us Martin. The house we bought last week, was priced in TL, but as the lira weakened, the owners ex wife, who is Spanish and lives in Spain, wanted her share of the house in Euro's, so suddenly the price was hiked up in TL and was also priced in sterling. Still happy with the price as we got it reduced slightly, but certainly interesting times ahead re sales in TL. xx
suecheshireuk is offline send PM Reply With Quote
The Following User Says Thank You to suecheshireuk For This Useful Post:
yalimart (13th September 2018)
Old 14th September 2018, 01:48   #9 (permalink)
stuart
 

Thanks: 842
Thanked 977 Times in 550 Posts
stuart has much to be proud of stuart has much to be proud of stuart has much to be proud of stuart has much to be proud of stuart has much to be proud of stuart has much to be proud of stuart has much to be proud of stuart has much to be proud of
Re: Buying or renting all in Lira

I think the same thing will happen as did when inflation was 70 to 80 percent about 17 years ago and before. the jewellery shops for example just took their daily takings to the bank and and changed it into dollars ..
stuart is offline send PM Reply With Quote
Old 14th September 2018, 08:52   #10 (permalink)
Senior Member
 
Duke's Avatar
 

Thanks: 349
Thanked 1,186 Times in 309 Posts
Duke has much to be proud of Duke has much to be proud of Duke has much to be proud of Duke has much to be proud of Duke has much to be proud of Duke has much to be proud of Duke has much to be proud of Duke has much to be proud of Duke has much to be proud of
Re: Buying or renting all in Lira

Let's face it Creative accounting is a Turkish norm!! Hence my villa is 60K & as long as I get that amount in my IsBank or Barclays a/c in whatever currency it converts to I'll be happy!! My 4 bed 4 bath triplex in Altinkum is still available & the keys are now available 24/7 with one of our forum members Sevim of Akbuk Estates & HomeDepo furniture store on the Boulavard !! Her personal number is 05337691595
Duke

Ps sorry if this is under wrong heading again !!! But I'd like to keep it uppermost in case someones still looking to grab a bargain place
__________________
Love & Peace to All
Keep the Faith

Last edited by Duke; 15th September 2018 at 16:09..
Duke is offline send PM Reply With Quote
Reply

Tags
buying , lira , renting


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Buying lira eddiegraham Banking, Finance and Insurance 6 24th December 2013 15:04
Lira rates, buying in the UK juco Banking, Finance and Insurance 14 19th August 2013 13:58
buying Turkish Lira lawz31 Altinkum Forum 10 2nd August 2012 08:12
Buying renting properties Adrienne Altinkum Forum 12 20th October 2011 15:30



All times are GMT +1. The time now is 01:43.
TurkishLiving.com tested by Norton Internet Security TurkishLiving.com tested by McAfee Internet Security
Powered by vBulletin® Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
SEO by vBSEO ©2011, Crawlability, Inc.
Style Provided By: Wrestling Clique - Wrestling Forums
TurkishLiving.com


1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155