Author Topic: Properties and leases soon to be in lira only  (Read 4868 times)

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Offline JohnF

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Properties and leases soon to be in lira only
« on: August 30, 2018, 10:18:27 AM »
Looks like the government are working on regulations to stop property for sale and rental/lease contracts being advertised or contracted in foreign currencies.  That will seriously pee off a lot of landlords and developers given the volatility of the lira.

JF



Offline Diverbaz 1

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Re: Properties and leases soon to be in lira only
« Reply #1 on: August 30, 2018, 10:29:35 AM »

Pots kettle black, what does the government set the residency price in??

Offline JohnF

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Re: Properties and leases soon to be in lira only
« Reply #2 on: August 30, 2018, 10:45:06 AM »
Very true. But for how much longer I wonder.

JF

Offline DavidNicholson

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Re: Properties and leases soon to be in lira only
« Reply #3 on: August 30, 2018, 11:00:50 AM »
And you have to pay for your visitors Visa in US$.

Offline thebillet

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Re: Properties and leases soon to be in lira only
« Reply #4 on: August 30, 2018, 12:02:07 PM »
Wouldn't be surprised if you see the Visa linked to the Euro in future. It sends a conciliatory message to EU and a V sign to dollarisation.

Offline Google

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Re: Properties and leases soon to be in lira only
« Reply #5 on: August 31, 2018, 09:26:00 AM »
Does anyone know when it’s coming into force. My house rental is currently in £ sterling so has now doubled as I pay annually in GB pounds

Offline JohnF

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Re: Properties and leases soon to be in lira only
« Reply #6 on: September 13, 2018, 09:54:59 AM »
Confirmed.  Entered the Gazette today.

Thirty days grace then all property pricing/contracts to be in lira. 

JF

Offline Anne

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Re: Properties and leases soon to be in lira only
« Reply #7 on: September 13, 2018, 10:34:48 AM »
The landlords will make a killing with this one eventually.
Rents will be converted at todays rate and i can't see them reducing rents when/if the TL falls to anywhere near normal.
Win win for them and bugger any small businesses who can't afford it

Offline Scunner

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Re: Properties and leases soon to be in lira only
« Reply #8 on: September 13, 2018, 17:47:41 PM »
There is a lot of talk about when the Lira returns to 'normal' rate. There is no normal rate - today's rate is the normal rate and tomorrows rate will be the normal rate tomorrow. I doubt we will ever see a return to 2 point something or 3 point something.

Also, it is the fact that rents are in dollars and NOT lira that is crippling small (and all sizes of) businesses.

Offline Kevm58

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Re: Properties and leases soon to be in lira only
« Reply #9 on: September 13, 2018, 19:23:34 PM »
How will this effect if you are in the process of buying a property in calis now but the sale may not be completed within the 30 days grace?




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