Calis Beach and Fethiye Turkey Discussion Forum

Property For Sale in Calis Beach & Turkey => Buying Property in Calis Beach, Fethiye and Turkey => Topic started by: JohnF on August 30, 2018, 10:18:27 AM

Title: Properties and leases soon to be in lira only
Post by: JohnF 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

Title: Re: Properties and leases soon to be in lira only
Post by: Diverbaz 1 on August 30, 2018, 10:29:35 AM

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

Title: Re: Properties and leases soon to be in lira only
Post by: JohnF on August 30, 2018, 10:45:06 AM

Very true. But for how much longer I wonder.

JF

Title: Re: Properties and leases soon to be in lira only
Post by: DavidNicholson on August 30, 2018, 11:00:50 AM

And you have to pay for your visitors Visa in US$.

Title: Re: Properties and leases soon to be in lira only
Post by: thebillet 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.

Title: Re: Properties and leases soon to be in lira only
Post by: Google 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

Title: Re: Properties and leases soon to be in lira only
Post by: JohnF 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

Title: Re: Properties and leases soon to be in lira only
Post by: Anne 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

Title: Re: Properties and leases soon to be in lira only
Post by: Scunner 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.

Title: Re: Properties and leases soon to be in lira only
Post by: Kevm58 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?

Title: Re: Properties and leases soon to be in lira only
Post by: Scunner on September 13, 2018, 21:27:23 PM

Kev I would think that the sterling selling price will be adhered to along the way so the buying price in Lira might jump around as necessary but the £ price will remain constant in the background.

Title: Re: Properties and leases soon to be in lira only
Post by: jackstee on September 14, 2018, 11:09:42 AM

So, I heard that this dosnt effect the advertising of re sale properties but  if true it will be picked up shortly.
How will we go about it eg,
Do I say, currently for sale at xxx TL but at today's exchange rate. Subject to change on a daily basis.

I should not have to mention which exchange rate as its  changing on most, or should I.
When I originally advertised in TL I was altering the price every two days but that got very confusing .

Our property originally appeared at around 350 bin but now near 600 bin , by the way.

Title: Re: Properties and leases soon to be in lira only
Post by: KKOB on September 14, 2018, 13:06:15 PM

Well, once ours sells, at the current rate.......

https://www.youtube.com/watch?v=qp5hxHPlTq8