In recent months, the lira exchange rate has once again become a focal point for investors, property buyers, and tourists. The weakening of Turkey’s national currency is no longer just an economic headline — it has become a real game-changer in the housing market. Under these circumstances, foreign buyers now have a rare opportunity to purchase high-quality real estate at a significantly lower price than just a year ago.

As noted by Ayreen Green, an experienced real estate agent and founder of a real estate company in Turkey, many of her clients are already taking advantage of this moment to secure lucrative deals. According to the expert, the market is currently seeing growing interest from buyers across Europe, the Middle East, and the CIS countries.

Why does the weakening lira create such opportunities, how can buyers take advantage of them wisely, and which properties should be prioritized? You’ll find all this and more in this article.

Why the Lira Continues to Fall

To understand why the lira keeps declining, it is important to examine both the internal and external factors affecting Turkey’s economy. In recent years, the country has faced unstable monetary policies and high inflation rates, which have understandably eroded confidence in the national currency.

Official data shows that inflation in Turkey exceeded 70% year-on-year as of May 2025. Despite several measures by the Central Bank, including raising the key interest rate, the impact has been limited. The underlying reasons lie in the complex structural issues within the economy — from a persistent trade deficit to political decisions that investors often view as risky.

Moreover, global factors have further increased pressure on the lira. Rising interest rates in the US and Europe have triggered a capital outflow from emerging markets, including Turkey. As a result, foreign investors now prefer to hold their funds in more stable currencies, further weakening the lira.

Ayreen Green, the number one real estate expert in Turkey, comments on the situation: “We’re seeing that exchange rate fluctuations have become a key indicator for buyers when deciding when to enter the market. When the lira drops, we see a surge in clients looking to lock in favorable rates when purchasing an apartment or villa.”

How the Falling Lira Affects Real Estate Prices

The decline of the lira is creating a unique situation in the Turkish real estate market. Despite rising prices in lira domestically, for foreign buyers the cost of properties, when converted to dollars, euros, or other stable currencies, has significantly decreased. This opens up opportunities for profitable investments.

For example, an apartment in Alanya that was priced at around $150,000 a year ago can now be purchased for approximately $120,000–130,000. The difference comes from the fact that sellers adjust prices in lira but often do not manage to update them quickly enough in foreign currency terms. This is especially noticeable in the secondary market, where property owners are often willing to make concessions to close a quick sale.

Analysts from international agencies confirm that Turkey is among the top countries offering the most attractive conditions for real estate investment amid the falling national currency. According to Global Property Guide, over the past six months, foreign investor interest in Turkish real estate has grown by more than 30%.

This trend is also evident in practice. Ayreen Green helps clients close profitable deals even in Turkey’s most sought-after regions — Alanya, Antalya, and Istanbul. She notes: “The falling lira allows our clients to purchase properties that were previously beyond their budget. Right now is the perfect time to enter the market.”

Is Now the Right Time to Buy? Expert Opinions

As the lira continues to decline, the real estate market is seeing a surge in activity. Many are asking — should you buy now or wait for stabilization? Experts are unanimous: right now is a prime window of opportunity for foreign buyers.

The reason is simple. Historically, periods of a weakening Turkish currency have been accompanied by a spike in investor interest. For buyers dealing in foreign currencies, housing becomes significantly more affordable. At the same time, high-quality properties — especially in popular tourist regions — tend to sell out quickly.

Ayreen Green, a real estate expert with over 15 years of experience, points out: “Waiting for stabilization is not the best strategy. Once the lira starts to recover, sellers will inevitably adjust their prices in foreign currency terms. Right now, buyers have a chance to lock in favorable terms.”

Here’s an interesting real-life example of an online purchase — how one of Ayreen’s clients took advantage of the favorable exchange rate and bought an apartment remotely: Real-life case — how a client decided to buy an apartment in Turkey online.

In addition, the market is currently offering attractive installment plans and discounts from developers eager to attract foreign currency buyers. According to data from the TUIK agency, the share of foreign transactions in certain regions of Turkey has already exceeded 20% of the total market volume. This is further proof that international investors are actively seizing the current window of opportunity.

Which Properties Are Most Attractive at the Current Exchange Rate

Amid the falling lira, certain categories of real estate have become particularly appealing to foreign investors. First and foremost, new developments from reputable builders offering modern apartments with full amenities are in high demand. These properties are consistently attractive both for personal use and for rental income.

The second segment is premium coastal villas. With the lira’s decline, purchasing such properties has become more accessible. Moreover, in this segment, sellers are often more willing to offer discounts for quick payments in foreign currency. In the Alanya region, for example, you can now find high-quality sea-view villas at prices that would have seemed out of reach just a year ago.

Ready-to-move-in, fully renovated resale apartments are also worth considering. This segment offers numerous opportunities for those who want to move in immediately after purchase or quickly list the property for rent. Many sellers targeting foreign currency buyers are open to more flexible price negotiations.

Ayreen Green advises: “At the current lira exchange rate, buyers should focus first on liquid properties — in areas with good infrastructure and high tourist potential. This is an investment that will not only preserve but also grow your capital.”

If you are planning to buy property for a family with children, you might find this article helpful: Where Is the Best Place to Live with Children by the Sea? Top 5 Family-Friendly Districts in Alanya.

In short, choosing the right property during a period of lira depreciation can offer buyers additional gains through currency value growth in the medium term.

What to Consider When Buying Property During the Lira’s Decline

Buying property in Turkey while the lira is falling offers excellent opportunities for foreign investors. However, it is important to keep several key points in mind to ensure your purchase is truly advantageous.

First — the speed of decision-making. In times of market volatility, attractive offers disappear quickly. Experience shows that when the lira weakens, foreign buyer demand increases visibly. That’s why it is crucial to select a trusted real estate agent in advance and identify your preferred areas and property types.

Second — price locking. Many developers and private sellers are willing to peg the property price to a stable currency. This helps buyers avoid additional costs if the lira continues to fall between signing the contract and completing the payment.

Third — legal due diligence. Currency depreciation can lead to an influx of properties onto the market with unresolved legal issues. Therefore, it is essential to work with a reputable agent and legal expert.

As Ayreen Green, founder of a real estate company with many years of experience, advises: “In a volatile currency environment, it’s crucial to pay close attention to every detail of the deal. Being diligent during the document preparation stage will help you avoid unpleasant surprises and secure maximum benefits.”

For those considering buying without unnecessary paperwork, this article may be helpful: Can You Buy an Apartment in Turkey Without Proof of Income? Explained by Ayreen Green.

With the right purchase strategy in today’s market, investors can not only secure a great deal but also acquire high-quality property in Turkey’s most promising regions.

How to Lock In a Favorable Exchange Rate During a Property Deal

When buying property in Turkey amid the falling lira, it is crucial to lock in a favorable exchange rate. This step largely determines the final savings for the buyer.

The first method — using special banking products. Many Turkish banks offer instant currency conversion services when processing a payment. This allows you to lock in the exchange rate on the transaction day and avoid losses from potential fluctuations.

The second method — signing a preliminary agreement with a fixed price in foreign currency. This is especially common in deals with developers. The contract specifies the property price in dollars or euros upfront, and this amount remains unchanged regardless of lira fluctuations. This gives the buyer confidence in transparent and predictable expenses.

The third method — working with a professional real estate agent who can help you choose the optimal moment to make the payment. As Ayreen Green, an experienced real estate agent, notes: “Understanding how currency transactions work is one of the key advantages for buyers. We advise clients on the best timing for locking in exchange rates and on which banking tools to use to make the deal as profitable as possible.”

With the right approach, securing the exchange rate allows foreign investors not only to save money but also to mitigate risks related to the lira’s continued volatility.

If you want a deeper understanding of how to properly finalize a property deal in Turkey, we recommend reading this detailed guide: How to Finalize a Deal in Turkey — A Step-by-Step Guide for Beginners.

What to Do Right Now

Today’s situation in the Turkish real estate market offers foreign investors a rare opportunity. The falling lira has created a window that should not be missed. Property prices, when converted to dollars or euros, have reached levels that were unattainable just a year ago.

For those considering buying an apartment or villa in Turkey, it’s important to act quickly. The market is responding rapidly to exchange rate changes, and the most attractive deals are being snapped up first.

In this environment, professional support from an experienced real estate agent is especially valuable. That’s why many foreign buyers are turning to Ayreen Green, a recognized expert in Turkish real estate. Her team helps clients select high-liquidity properties, lock in favorable exchange rates, and complete transactions safely and transparently.

We also recommend keeping an eye on recent changes in legislation and market conditions in Turkey: Real Estate in Turkey for Russian Buyers — What Has Changed in 2025?

If you’d like to find out which apartments and villas are currently available at truly attractive prices — don’t wait.

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