I understand they devalued their currency a number of years ago. Are things stable right now?
2007-06-13 09:57:02 · 4 answers · asked by dixie b 1 in Business & Finance ➔ Investing
atm the turkish currency market is still a little unstable from what i know of it so property can fluctuate alot, however it should be expected to stablise over time, if you have property there already you need to be looking into the long term market of the currency and just keep an eye out
2007-06-13 10:13:43 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The Bulgarian property market is producing some fevered activity amongst European overseas property buyers. Examine the Bulgarian housing market and it's easy to see why this region is causing so much excitement. Low prices and rental opportunities that cover both summer and winter periods makes Bulgaria attractive for overseas property investment.
I suggest you visit this site for more information and latest news : http://www.paradisemalta.com/bulgaria-property.htm
2007-06-16 13:39:40 · answer #2 · answered by gabriel jones 4 · 0⤊ 0⤋
it depends on your level of exposure. If you have a turkish mortgage that you are financing in £sterling then you have exposure to exchange rate risk. Other than that what do you mean by "safe" ?
2007-06-13 10:39:03 · answer #3 · answered by ceydababy 2 · 0⤊ 0⤋
If you own it already why are you asking? Something about your question doesn't make sense.........
2007-06-13 10:02:46 · answer #4 · answered by Anonymous · 0⤊ 0⤋