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Keith’s weekly property news November 28-2021 As had been anticipated, this was a very choppy week on the market again, with the Lira continuing on its chaotic journey into unknown lands. In the battle between, fight, flight and freeze, it seems that ‘freeze’ won out and the progress seemed sclerotic. Of course, that should come […]
Keith’s weekly property news November 17-2021 If I had known what kind of week it was going to be, I probably would have planned a vacation. The rapid deterioration of the lira left sellers, myself and just about everyone feeling anxious and disoriented. Most deals that we were working on collapsed. New property arrivals on […]
Keith’s weekly property news November 14-2021 Even compared to challenges in the past weeks, this week was hands-down the most arduous week for sourcing properties in the secondary market. Every single factor seemed to lean towards a poor deal making environment; super slow execution of valuation reports, the USD cracked the psychological barrier of 10, […]
Keith’s weekly property news November 7-2021 Very short notes this week; it was a busy Sunday. ‘Close only counts with hand grenades’. In a week where we got so close on a couple of deals, USD pressures collapsed a few transactions. Well, that was the first part of the week. The second half of the […]
Keith’s weekly property news October 21-2021 My brief period of exhilaration and satisfaction at a job well done gave way to fret, discontent and worry mid-week as the Lira crashed past 9 and picked up pace meaningfully towards 10. That dark period of my life, say 2014-2018, when the house price increases in Lira could […]
Keith’s weekly property news October 11-10-2021 The sizzling summer heat has given way to a moody and rainy period here in Istanbul. Nonetheless, the property hunt goes full steam ahead. Last week saw us dipping our toes into Beyoglu, Besiktas, Kagithane, Zeytinburnu, the Asian Side and all corners of Şişli. We found surprisingly good deals, […]
