I must have too much time on my hands, lol....weather very bad in Didim today (gales and hiding indoors...so not doing too much work as such....yes we do get some non-Sunny Days in Altinkum!)...have just skipped through this thread - makes really good historical reading....READER TREAT with CAUTION !....
- interest rates of 18% - a definite thing of the past! Best rates these days are 7.5% - 8%...still a LOT better than most of our neighbours see, so nobody grumbling
- exchange rates - 2.8 TL to the £... well we havent seen rates like those for years until last month (February 2011) and the TL has slipped against the major currencies so the beginning of 2011 is proving a really good time for many foreigners to buy from Turks but flipside....it isnt a good time for Europeans to sell to Turks unless the vendor will accept TL
- building has stopped....?....no definitely still bouyant in these parts. The Turkish economy is stronger than our neighbours (positive GDP for sometime now) and the banks are lending. The Turkish buyers are the biggest buying sector in Didim and properties priced to sell are selling fast.
- mortgages - became available to most, were easy to take and in the last few months eligibility has become tighter and tighter.
- who is buying in 2010 / 2011?
Buyers tend to be (in buying order) 1) Turkish citizens from Turkey 2) Turkish citizens from abroad 3) Foreign citizens.
In Didim, the majority of foreign buyers have, in the past, come from the UK although 2010 has seen a big decline in UK buyers but an increase in buyers from other foreign countries.
No doubt this post will join its predecessors as
'an interesting point in time'.......but main point to get across to readers is to beware that situations do change and to treat with caution what is written.