Lira

[fa icon="calendar'] Jan 23, 2019 @ 08:58 AM / by Philli Wong

Ankara, Turkey as seen during AIRINC's recent on-site survey. Photo taken by AIRINC surveyor Anne Benjamin.

Falling Rents and Demand in Turkey

Rents in Turkey decreased due to lower demand, the depreciation of the lira, and the economic conditions that resulted from recent government policies and security concerns. A recent change in lease laws required that all contracts be signed and paid in Turkish lira (TRY) instead of USD or EUR.



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