Turkish Buyers Guide to South Florida Real Estate

The complete guide for Turkish buyers purchasing property in South Florida. Currency, FIRPTA, estate planning, and the Fort Lauderdale and Aventura markets attracting Turkish buyer activity.

Turkey sends buyers to South Florida with a context that is unique among international buyer groups: one of the world's most severe recent currency collapses combined with one of the world's most active real estate investment cultures. The Turkish Lira has lost approximately 80% of its value against the U.S. Dollar since 2018. A Turkish buyer who held $1M USD equivalent in Lira in 2018 watched that value become roughly $200,000 in USD terms. A Turkish buyer who purchased a $1M U.S. property in 2018 has effectively seen that asset appreciate by 4x in Lira terms simply from currency movement, without the property increasing in USD price at all. No investment thesis for South Florida real estate is more mathematically straightforward than the one Turkish buyers are operating with. Who Turki...