Lira getting Stronger - Why?

[madmart]

When we bought our place in 2010 the exchange rate was around 2.2 as it was the following May and a little bit better in September 2011. We've always worked on anything over 3 being a bonus.

[Scunner]

Unless you want to sell it to a local in lira and change the takings back into pounds, in which case anything over 3 is a disaster.

[madmart]

Granted that would be an issue though as we bought for the long term and not for a quick buck it is not of an immediate concern. The way it is going at the moment break even or a small loss would seem most likely. However it is not for sale, therefore we'll just sit tight for now.

[kevin3]

   Down to  4.07 at the moment, will go below 4.00. ??

[Colwyn]

Yes. And it will all be the fault of those damned Euroseptics!

[Stuart T]

I'm still doing the hokey - cokey.

In, out, in, out, - and I'm still undecided.

Strongly leaning towards out - mainly because it seems to me that's it only the big money people who are shouting for us to remain "in".

Even with Cameron's recent achievements (?) we haven't gained a great deal by remaining "in".

Euro legislature still trumps our legal system

The Boris effect has also influenced me.

If I understood more I may be able to put forward a more convincing argument.

I still think it's a cop out by the Government.

They know for more than I and yet throw it to the public in order to avoid responsibility.

It's becoming an X Factor "public vote" avoidance of making a decision for which they can be blamed.

[Liz 101]

   Down to  4.07 at the moment, will go below 4.00. ??

Already at 4 today in Fethiye

[stoop]

Is it June yet Scunner ;-)

On a serious note - a weakening pound will be much better for those looking to sell their homes to Turkish buyers.

On our site last summer we noticed a vast increase in Turks looking to buy property. At 4.60 ytl to the £ it would mean a £30k property was well over priced in Ytl. Hopefully this might redress the balance a little.

[Colwyn]

it seems to me that's it only the big money people who are shouting for us to remain "in".

Hey, I didn't know I was a big money person! Perhaps there is something in the pipeline for me. Hope it gets through in time for me to take wheelbarrow-loads of £s over to Turkey to change into lira.

[usedbustickets]

Calis Beach money change 4.00 and the two money changes in town at the beginning of Passpatur are giving 4.04.