Home Truths ; Ross Clark Answers Readers' Queries to Help Make Your Buying, Selling or Letting Easier
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Summary
Cashing inonour interest inTurkey Ross Clark answers readers' queries to help make your buying, selling or lettingeasier My wife and I are purchasing a property in Turkey off-plan. It will be ready in June next year, and payment has to be made in stages, with the final 60 per cent due on completion. In fact, we have the bulk of the full purchasing amount, and are looking for a home for it.
Last week, when we were in Turkey to see our solicitor we were told about the high interest being paid by local banks on Turkish lira accounts, about 14 per cent after tax.See the full content of this document
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Home Truths ; Ross Clark Answers Readers' Queries to Help Make Your Buying, Selling or Letting Easier
It was suggested we should deposit our funds for the apartment into the Turkish bank to obtain this better investment return.
Interest rates are so high in Turkey because the Turkish lira has suffered hyperinflation in recen...See the full content of this document
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