Turkey 'about to become cheaper'

Buying property in Turkey is set to become cheaper to do because of movements in exchange rates.

According to overseas investor magazine BuyAssociation, the pound may soon rise in value as the UK economy picks up, while the Turkish lira is expected to fall, making the exchange rate more favourable to Britons.

It suggested that the expectation of base rate cuts in Turkey has pushed its currency down, while an actual cut would make mortgages less expensive there.

Buying a home could become seven per cent cheaper on the basis of a favourable exchange rate swing, the publication predicted.

Those keen to buy in Turkey have ten good reasons to look at Altinkum, Didim Today suggested recently.

Among these are its climate, the low cost of living, easy air access via nearby Bodrum and Izmir airports and the prospect of prices rising with the development of a marina and golf course nearby.

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