[mathew]

Two things need to be clarified. Firstly, the Turkish lira has slipped from YTL2.35=?1.00 to YTL2.85=?1.00 in the last 10 days or so. Now while this may be a blip, and actually benefits Sterling purchasers currently if they were to do a spot currency trade today in comparison with ten days ago, it is not a sign of stability. However, I agree that prior to this fall, the currency had been stable at a level for a year or so.

Secondly, mortgages were due to start this year but it now looks as if this will, in fact be next year and in any case interest rates will probably be to high to make them an attractive proposition to overseas investors so equity release or cash purchases will remain the drivers of investment
Thanks
Mathew