A new term began! What’s next?

Investment in Mersin hots up!

You may have seen some of our other articles before. The topics, International Airport and infrastructural developments are the same, however as of June 2023, right after the critical election we have had, it seems Turkey will be taking back a #Rational method in economy, and as the new Minister spoke on the 7th of June 2023 Turkish Lira plummeted once again (at the moment 12:00 PM 26.08.2023 1 USD = 26.55 TL) significantly.

Well, it is known President Erdogan’s unorthodox policy has caused inflation to go higher, buying power of people has been reduced, yet the support for him stayed the same, so it is believed in his new term our president will at least let professionals deal with the #Turkish Economy.

The above graph shows the movement of the US Dollar against Turkish Lira in the last 80 days. 29th of May was when the election was won by Erdogan, and Monday the 5th of June was when the cabinet of ministers took over their offices from their predecessors.

A key speech by Minister Simsek indicated the shift to an orthodox method and as experts call it “Dollar has been released.”.

Where do you stand under the circumstances?

• Turkish property owners, developers and estate agents are now quite experienced in adjusting prices to the increase in foreign currency value increase, so acting fast is recommended where prices are still reasonable in Turkish Lira, and you will have an advantage re paying less in your own currency.
• Invest in off plan options where there is a payment plan in place, if the contract states the instalments will be in Turkish Liras.
• Also, for a change we recommend investing in land as a dynamic investment where MARE Investment will design and develop your project for you and manage the sale of your units as well as deciding the price policy with your input. This way in 6-12 months, great profits are promised.

Possibilities after investment,

Mersin is rapidly developing as it is a coastal, modern, and secular city where everyone can get on with their lives and enjoy the great #Mediterranean climate. For relocation Mersin is a better destination as it is more affordable compared to the likes of Antalya, Alanya and Fethiye because Mersin is a city where the vast majority of the community is Turkish locals.

Many agencies are still pushing for Istanbul, Bursa and Antalya for relocation and investment because the story told is naturally memorised by investors and these good cities of Turkey are easy choices. However, #Mersin is as modern and cosmopolitan as Istanbul, as developed as Bursa, has a coastline as beautiful as Antalya, and offers a greater margin of growth for the next 5-7 years to professional investors and starting prices are as low as $55-65K for one bedroom flats.

#Dynamic Investment as we call it, is quite simple and straight forward. We need a land to start with, then the design and licensing is made, and we start construction within 5 weeks of the purchase of the land. In about 5-7 months, 2 villas will be completed and you will have your capital back with a great surplus. INVEST IN MERSIN

Ideal budget for dynamic investment is from about $500.000 and expected Turkish Lira profits are from 70% to 90% in about 7-8 months in total. And in USD you will achieve a profit from 50-65% over 7-8 months due to the expected level of USD/TRY by mid 2024.

Any questions? Please do not hesitate to contact us on +90 530 020 5369 via direct call or WhatsApp, or simply leave your details and we will get back to you right away.