Real estate in Turkey: the main news of the past week – February 18-24

Real estate in Turkey: the main news of the past week – February 18-24

In the traditional weekly issue, we present the latest news of the Turkish real estate market for the past week. 

 

For the second week in a row, the agenda is mainly attempts to resolve the situation with the consequences of a natural disaster as soon as possible.

 

In particular, the amount of payments received for 23 years by the treasury as part of the payment of the "earthquake tax" was announced.

 

The Department of Mass Housing Construction announced that it allows a three-month delay in loan payments for purchased housing to residents of the affected provinces.

 

Those who have lost a roof over their heads have already begun to be provided with shelter and housing, including equipped containers and prefabricated houses.

 

Well, the authorities will start the construction of the first 30 000 residences in capital buildings (that is, full-fledged houses) just a few days ago: in March.

 

Insurers also remind that the maximum payments under one DASK insurance policy (just against earthquakes) reached more than 0.6 million Turkish lira.

 

Therefore, we should not forget about insurance in any case, especially since half of the residences affected by the tremors were not insured.

 

In addition to national programs, local ones have also been launched: for example, the municipality of Alanya has taken care to make the resort an even more "earthquake-resistant city".

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