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FinancialNews
07-02-19
Turkey to set up 300,000 properties per year
(MENAFN) Turkey was announced to have set out a target to start establishing around 300,000 properties per year.
Turkish Environment and Urban Planning Minister Murat Kurum unveiled the plan, as reported Trend.
According to the minister, "some 30,000 properties will be built directly through the ministry, while the rest - through the private sector."
Contractors will have to fulfill new regulations and criteria for the process for the property constructions, Kurum added.
Last year, Turkey was struck with a 41.4 percent decline in the volume of permissions granted for commercial and residential properties establishments in the country.
MENAFN0702201900450000ID1098084516
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