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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 17-2021 The information gap Probably this week, more than ever, I realised that there is a lot of information clients need to be getting, but that it is hard to disseminate, from online banking to CBI regulations to information about POAs and lawyer selection to the valuations process to how […]
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, […]
Keith’s weekly property news October 3-2021 There has still been a lot of chatter about how the legislative changes on how the valuation reports are done and how it will impact the property market and CBI. For the secondary market, I feel the effect will be very muted, if at all. For the new-build market, […]
