Unfortunately, it seems like the public spending, also known as government spending, has actually increased instead of decreased. The decrease we are seeing is in real economy spending. It's a bit disheartening to witness the Turkish economy struggling due to poor policies implemented by the current government. I don't foresee a solution on the horizon anytime soon, especially since the government isn't utilizing traditional methods to combat high inflation by cutting back on their own spending. It's important for the Turkish government to downsize and reduce their spending. Additionally, the president hinting at a potential decrease in interest rates from the central bank of Turkey seems quite absurd at this point, especially with Turkey currently experiencing a technical recession. It's crucial for the government to decrease their spending and size, and to maintain interest rates higher than the actual inflation rate. Allowing the Turkish lira to slightly devalue against the dollar instead of attempting to artificially prop it up by selling reserves that don't even belong to Turkey is a more sustainable approach. It's important to be critical and honest in these matters, otherwise, nobody will want to buy or invest in the wonderful country of Turkey 🇹🇷!
For what it matters, I followed this channel for the past 4 years and they were bang on more often than not. Keep in mind though that they are referring mainly to Istanbul, which is like a country of its own and not necessarily representative for the rest of Turkiye. Also for the rest of the country don't underestimate the foreign investors. With the way things are going in EU, USA and Canada there is a big chance to see a decent number of people from these parts of the world getting properties here (mainly on the Mediterranean coast). With this being said there is a high level of uncertainty considering the current geopolitical situation and the changes we are going to see worldwide in the coming years.
I am coming from Istanbul trip and searched for investment in the real estate market. I did not like the condos there, either the building is old and dangerous in case of earth break or it is a new building but the layout of the apartment is awful, because the construction companies buying expensive properties need to make the apartments small in order to maximize profits. As an investor you are confronted with apartments which are highly expensive and not good to use. The undeveloped properties are highly elevated in price and it would not make sense for a company to buy at these prices and finance it. For cash buyers, there are far better options - like interest bearing deposits.
Thanks for the breakdown! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?
Don’t be so sure about the money to go from the banks to the real estate. The real estate prices in Türkiye, especially in the large cities are near bursting, there are 1.6Million houses unsold in Istanbul alone.. TL holding its value against the currencies quite well in the last 13 months. I disagree with your FDI prospect in the next 3 years.
It’s wrong to try to educate people by looking reading into your crystal ball. Making predictions is like playing roulette. Sorry guys to burst your bubble but this was just a promotional video. Also rental yields in Turkey very low. An good example is you would achieve the same rental yield in London by purchasing for half the price of Istanbul, FACT
*Cihat Hocam'ın kanalından gelen leşberler burada mı?*
Türkçe dile çevriliyor mu
Unfortunately, it seems like the public spending, also known as government spending, has actually increased instead of decreased. The decrease we are seeing is in real economy spending. It's a bit disheartening to witness the Turkish economy struggling due to poor policies implemented by the current government. I don't foresee a solution on the horizon anytime soon, especially since the government isn't utilizing traditional methods to combat high inflation by cutting back on their own spending. It's important for the Turkish government to downsize and reduce their spending. Additionally, the president hinting at a potential decrease in interest rates from the central bank of Turkey seems quite absurd at this point, especially with Turkey currently experiencing a technical recession.
It's crucial for the government to decrease their spending and size, and to maintain interest rates higher than the actual inflation rate. Allowing the Turkish lira to slightly devalue against the dollar instead of attempting to artificially prop it up by selling reserves that don't even belong to Turkey is a more sustainable approach.
It's important to be critical and honest in these matters, otherwise, nobody will want to buy or invest in the wonderful country of Turkey 🇹🇷!
For what it matters, I followed this channel for the past 4 years and they were bang on more often than not. Keep in mind though that they are referring mainly to Istanbul, which is like a country of its own and not necessarily representative for the rest of Turkiye. Also for the rest of the country don't underestimate the foreign investors. With the way things are going in EU, USA and Canada there is a big chance to see a decent number of people from these parts of the world getting properties here (mainly on the Mediterranean coast). With this being said there is a high level of uncertainty considering the current geopolitical situation and the changes we are going to see worldwide in the coming years.
I am coming from Istanbul trip and searched for investment in the real estate market. I did not like the condos there, either the building is old and dangerous in case of earth break or it is a new building but the layout of the apartment is awful, because the construction companies buying expensive properties need to make the apartments small in order to maximize profits. As an investor you are confronted with apartments which are highly expensive and not good to use. The undeveloped properties are highly elevated in price and it would not make sense for a company to buy at these prices and finance it. For cash buyers, there are far better options - like interest bearing deposits.
Thanks for the breakdown! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?
Don’t be so sure about the money to go from the banks to the real estate. The real estate prices in Türkiye, especially in the large cities are near bursting, there are 1.6Million houses unsold in Istanbul alone.. TL holding its value against the currencies quite well in the last 13 months. I disagree with your FDI prospect in the next 3 years.
Greeting 😢from istanbul
It’s wrong to try to educate people by looking reading into your crystal ball. Making predictions is like playing roulette. Sorry guys to burst your bubble but this was just a promotional video. Also rental yields in Turkey very low. An good example is you would achieve the same rental yield in London by purchasing for half the price of Istanbul, FACT
Sponsors need exit liquidity so desperately 😂
So true 🤣
🌹
:)