I imagine that Russians own a lot of property in Turkey?
I wonder how the numbers were before the refugee crises.
Most likely, you will get similar results in just about every country with a housing problem, as it seems a quick and easy fix.
But rarely do foreigners with the natives compete for the same places.
Also ban sell for foreigners, so nobody who already bought houses in Turkey can not sell them 😈
As a hardcore capitalist, I admit the problems of the system, one of them, is the easy reliance on the “wealth effect” that already is making a toll on the British economy.
Sell them, absolutely, but build more, so much more, to the point that those foreigners will not consider it an investment.
Problem solved. Everyone wins (except the foreigns, that are Russians, so…)
Add me to the list. 2 reasons:
1- people simply cannot afford to rent a place any more. The foreign influx made the prices go crazy (my brother’s rent increased 450%, year on year).
2-Erdoğan and his cronies are selling passports with this scheme. They imported over a million of a hard-core AKP supporters, Arabs with mostly radical Islamic views.
housing should never be used to make money
and they are correct!
It’s their country. They can do whatever they want.
I don’t think Turks should be allowed to buy homes in Europe.
Sounds sensible
Given the stability of their buildings foreigners should be crazy to buy a house in Turkey. Unless you wannna retreat and die there.
Pretty sure we’ll see similar numbers in most countries too.
To what extent do foreigners who own property actually live in the country, compared to those who simply buy for speculation?
Im was living in Turkey as a foreigner. I was paying $400 usd (in liras) in rent a month, and my landlady (Turkish) wanted to increase my rent to $2000 due to “iNflAtIon”. You might think she is correct, she is not. I have an Econ degree and I made a spreadsheet showing her how wrong she was and tried to settle for the legally allowed increase plus inflation. She said no. That is illegal in Turkey, but she kept bothering me about it all the time, I got so annoyed I just told her to goto hell and left the country without paying last months rent. She even had the audacity to say she would take me to court, she was obviously bluffing because it doesnt make any sense.
Yes foreign influx is a big contributing factor, but it is also due to the greed of the landlord taking advantage of people not understanding inflation and also people like me who just give up the fight.
If the foreigners leave what does that do to local economies?
Pretext: currently lots of foreigners, mainly Arabs if I’m not mistaken, buying houses, land, apartments and getting the Turkish passport through that.
Firstly, this is contributing to the housing crisis, secondly the mentioned foreigners are getting a Turkish citizenship without a test or language skills.
18 comments
Source: https://twitter.com/ozersencar1/status/1637744926594158594?s=20
I imagine that Russians own a lot of property in Turkey?
I wonder how the numbers were before the refugee crises.
Most likely, you will get similar results in just about every country with a housing problem, as it seems a quick and easy fix.
But rarely do foreigners with the natives compete for the same places.
Also ban sell for foreigners, so nobody who already bought houses in Turkey can not sell them 😈
As a hardcore capitalist, I admit the problems of the system, one of them, is the easy reliance on the “wealth effect” that already is making a toll on the British economy.
Sell them, absolutely, but build more, so much more, to the point that those foreigners will not consider it an investment.
Problem solved. Everyone wins (except the foreigns, that are Russians, so…)
Add me to the list. 2 reasons:
1- people simply cannot afford to rent a place any more. The foreign influx made the prices go crazy (my brother’s rent increased 450%, year on year).
2-Erdoğan and his cronies are selling passports with this scheme. They imported over a million of a hard-core AKP supporters, Arabs with mostly radical Islamic views.
housing should never be used to make money
and they are correct!
It’s their country. They can do whatever they want.
I don’t think Turks should be allowed to buy homes in Europe.
Sounds sensible
Given the stability of their buildings foreigners should be crazy to buy a house in Turkey. Unless you wannna retreat and die there.
Pretty sure we’ll see similar numbers in most countries too.
To what extent do foreigners who own property actually live in the country, compared to those who simply buy for speculation?
Im was living in Turkey as a foreigner. I was paying $400 usd (in liras) in rent a month, and my landlady (Turkish) wanted to increase my rent to $2000 due to “iNflAtIon”. You might think she is correct, she is not. I have an Econ degree and I made a spreadsheet showing her how wrong she was and tried to settle for the legally allowed increase plus inflation. She said no. That is illegal in Turkey, but she kept bothering me about it all the time, I got so annoyed I just told her to goto hell and left the country without paying last months rent. She even had the audacity to say she would take me to court, she was obviously bluffing because it doesnt make any sense.
Yes foreign influx is a big contributing factor, but it is also due to the greed of the landlord taking advantage of people not understanding inflation and also people like me who just give up the fight.
If the foreigners leave what does that do to local economies?
Pretext: currently lots of foreigners, mainly Arabs if I’m not mistaken, buying houses, land, apartments and getting the Turkish passport through that.
Firstly, this is contributing to the housing crisis, secondly the mentioned foreigners are getting a Turkish citizenship without a test or language skills.