A selection of the most relevant news of the Turkish real estate market is in our weekly digest.
Despite the fact that the average cost of a housing unit in Turkey has reached 2.3 million liras, the growth rate of housing prices in the country has slowed somewhat; economists comment on the reasons. Moreover, the construction itself, on the contrary, is gaining momentum: more and more new projects are appearing. And not only inside Turkey, but also abroad; it is significant that every fifth object from among the foreign Turkish builders erected in the Russian Federation.
Turkey and Russia have a lot of joint economic projects; one of them is the Akkuyu nuclear power plant near Mersin. Thanks to this, Mersin has become even more actively developed: new roads are being laid there, and the metro will be opened soon.
In general, the past week was rich in infrastructure news. It became known that on both sides of the Istanbul Canal being laid (or the "Istanbul Canal", as it is also called) satellite cities will appear, designed to serve, in particular, the resettlement of citizens from emergency homes. There are a lot of them in the largest Turkish metropolis.
The Istanbul Financial Center, which is also the tallest building in Europe, has started its work. The transport "web" of the metropolis is also expanding: Another new metro line, Basaksehir-Kayashehir, is planned to be put into operation before the presidential elections in May.
As for the initiatives affecting the whole of Turkey, the network of charging stations for electric vehicles is expanding: a new strong participant has entered the "game". Such charging stations will now "cover" all provinces without exception.