Kurum

Satellite cities to be established in Istanbul to relocate risky buildings

Within the scope of preparation for the major earthquake expected in the Marmara region, 500,000 of the 1.5 million risky residences in Istanbul will be rebuilt on-site, and satellite cities of 500,000 residences will be established on both sides of the megacity to relocate the rest, Environment, Urbanization and Climate Change Minister Murat Kurum has announced.

Government plans new housing campaign

The government is working on a new plan to help people buy existing homes, Environment and Climate Change Murat Kurum has announced.

Kurum recalled that the "My New Home Program" announced last week is designed to provide cheaper loans to middle-income groups but the new project will provide opportunities for people to buy existing houses.

Government mulls housing project for mid-income groups

As part of its efforts to address the growing problems regarding property prices and rents, the government considers launching a new project to build houses for middle and upper-middle income groups.

Emlak Konut Real Estate Investment Company will coordinate the project, but private developers will also take part in the scheme.

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