Financial instability in Turkey seems to be drawing residents to buy up property in prime central London, in an effort to secure the safety of both their families, and money.
Camilla Dell, founder of buying agency Black Brick, shared in The Times that the currency crash means some Turks can only afford to rent in London at the moment, but the wealthier ones are keen to get their money out of the country.
“Many Turks fear the longer Erdogan remains in power, the worse the country’s economy will become. They have lost all hope that he can turn it around. His handling of the earthquake disaster [in February] has only cemented this thought in the mind of many Turks, both locally and Turkish expats,” she said.
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