A selection of the most relevant news of the real estate market of the Republic of Turkey is in our traditional digest for the week.
The provinces that were leading in terms of transactions in March became known. Istanbul and its susceptibility to tremors also remain in the focus of attention: given the overpopulation of the metropolis, it is urgent to get rid of very old and dilapidated buildings. But it will take from 10 to 20 years - provided timely financing.
Although the Department of Mass Housing Construction is now doing everything in its power: many projects are starting all over the country, and especially in Istanbul - some for hundreds of residences. Well, in total, TOKI announced the imminent launch of ten of its new projects in this metropolis at once, for a total of five and a half thousand lots.
And this week there was especially a lot of news concerning industrial facilities and transport infrastructure - among those that can greatly affect the residential real estate market in terms of redistribution of demand, as well as pricing in certain areas. Thus, the date of commissioning of the first power unit of the future Akkuyu NPP has been set.
The largest "resort" airport, Antalya, is expanding and improving: one of the leading European banks announced that it will invest 140 million euros in its development.
Gazipasa Airport is also gaining momentum.
And finally, the news about the "retired" air hub: we are talking about the former Istanbul Ataturk Airport. The huge territory related to it was redone for a long time; and, finally, it became known when the largest national park in Turkey would open here.