MKALE1
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It is their fkng lie. She is Turkish citizen. Everything claimed by "somebodies" need to be double-checked.
Turkish Politics & Internal Affairs
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Adıvar
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She is Turkish citizen because her mother has both american and Turkish citizenship.
CAN_TR
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It is their fkng lie. She is Turkish citizen. Everything claimed by "somebodies" need to be double-checked.
Yankee-stani
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I cant wait when Erdogan and his AKP gang are dead
Yankee-stani
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Unsold “chateaus” in the Bolu region of north western Turkey, earmarked for Arab clients, reflect deepening problems for the country’s construction industry, Agence France Presse reported.
Hundreds of the luxury houses, all in rows, each resembling a cross between a French chateau and a Disney castle, are standing empty in the forested, mountainous area
Like many other Turkish construction firms, Sarot Group, which is trying to sell the 732 dwellings valued at between $400,000 and $500,000, has filed for bankruptcy protection. It claims Arab clients have pulled out of purchase agreements for the $200 million project,which also includes a shopping centre.
Turkey’s building industry is immersed in a painful slump after a currency crisis last year wiped almost a third of the value off the lira. Building costs have surged as inflation accelerated to a 15-year high. Interest rates on mortgages have jumped.
While a drop in oil prices has hurt its Gulf customers, Sarot Group was also hit by "the negative impact of the economic fluctuations on construction costs" in Turkey, deputy chairman Mezher Yerdelen said, according to AFP.
Under the terms of the company’s application for bankruptcy protection, Yerdelen said it can continue making sales and that he hoped the project, which began in 2014, would be inaugurated in October 2019.
Turkey’s construction industry was once the driver of economic growth under President Recep Tayyip Erdoğan as the government ended an IMF programme in 2008 and pursued expansion-driven economic policies fuelled by cheap foreign loans, which have now become more expensive to repay as the lira crashed.
Three out of four firms applying for protection status or for bankruptcy are construction companies, said Alper Duman, associate professor at Izmir University of Economics.
Despite economic contraction and a slide in investor sentiment towards Turkey, Erdoğan has said that his government will not sign a new IMF accord, claiming that the construction industry and the wider economy will emerge stronger from the recent turmoil.
Building boom turning to bust as Turkey's economy slows
Deep in a provincial region of northwestern Turkey, it looks like a mirage -- hundreds of luxury houses built in neat rows, their pointed towers somewhere between French chateau and Disney castle. The ambitious development has been hit by regional turmoil as well as the slump in the Turkish construction
Hundreds of the luxury houses, all in rows, each resembling a cross between a French chateau and a Disney castle, are standing empty in the forested, mountainous area
Like many other Turkish construction firms, Sarot Group, which is trying to sell the 732 dwellings valued at between $400,000 and $500,000, has filed for bankruptcy protection. It claims Arab clients have pulled out of purchase agreements for the $200 million project,which also includes a shopping centre.
Turkey’s building industry is immersed in a painful slump after a currency crisis last year wiped almost a third of the value off the lira. Building costs have surged as inflation accelerated to a 15-year high. Interest rates on mortgages have jumped.
While a drop in oil prices has hurt its Gulf customers, Sarot Group was also hit by "the negative impact of the economic fluctuations on construction costs" in Turkey, deputy chairman Mezher Yerdelen said, according to AFP.
Under the terms of the company’s application for bankruptcy protection, Yerdelen said it can continue making sales and that he hoped the project, which began in 2014, would be inaugurated in October 2019.
Turkey’s construction industry was once the driver of economic growth under President Recep Tayyip Erdoğan as the government ended an IMF programme in 2008 and pursued expansion-driven economic policies fuelled by cheap foreign loans, which have now become more expensive to repay as the lira crashed.
Three out of four firms applying for protection status or for bankruptcy are construction companies, said Alper Duman, associate professor at Izmir University of Economics.
Despite economic contraction and a slide in investor sentiment towards Turkey, Erdoğan has said that his government will not sign a new IMF accord, claiming that the construction industry and the wider economy will emerge stronger from the recent turmoil.
Building boom turning to bust as Turkey's economy slows
Deep in a provincial region of northwestern Turkey, it looks like a mirage -- hundreds of luxury houses built in neat rows, their pointed towers somewhere between French chateau and Disney castle. The ambitious development has been hit by regional turmoil as well as the slump in the Turkish construction
313ghazi
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1. This is what you get when you speculate on property. The industry thrives on boom and bust cycles.
2. Those places look horrible. Why set them so close together? Who wants to buy a half million dollar rural "chateu" only to find it 10 metres away from another one?
2. Those places look horrible. Why set them so close together? Who wants to buy a half million dollar rural "chateu" only to find it 10 metres away from another one?
Yankee-stani
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As we all know in life nothing lasts forever and Politicians die too, so it looks like Recep Tayyip Erdogan who has ruled your country as Prime Minister from 2002 to 2014 now President since 2014-present a total of almost 17 years in power close to 2 decades now is on track to be President for Life now when he passes away or if Turks get frustrated over his rule will the AKP find another person like his son I heard his son in Law Albeyrak is an option
Yankee-stani
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Ask Arab Watermellon seller Erdogan and his Arab buddies that lol
hahaaha
T-123456
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They realy look terrible.
313ghazi
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This is the acid test. Can the party groom a real leader, or are they too worried about competition to worry about that. In my opinion any political party with the best interests of it's nation at heart will groom multiple candidates capable and vying for the leadership, but will control them so they act only at the right time.
Yankee-stani
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This is what happens when you put eggs in one basket relaying on fat Arab Tourists to spend money and destroy your sovereign lands
Mucahit
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It's not a monarch or a wannabe-democracy. There will be elections and the winner gets the rule the country. The current ruling party would already be out if it wasn't for Erdoğan himself. I highly doubt they'd win if Erdoğan wasn't involved. They might still get lots of voters from the conservative part of the country but nowhere near as much to rule the country alone. There would possibly be coalitions.
313ghazi
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Erdogan isn't selling properties. A greedy developer built those monstrosities and is now crying to the media that nobody will buy them.
It's a non story. The Turkish economy is seeing hard times, but a lot of these stories are printed to help present a view to suit an agenda. I know I sound like someone wearing a tinfoil hat, but the media is more about defining opinion than reporting news.
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