Housing prices in Turkey compete with Europe
Polat Gayrimenkul Executive Board Member Kaan Yücel said that housing prices in Turkey compete with Europe. Yücel stated that housing prices will remain stable for a while, but he expects an increase with the foreign currency.
■ Hülya Keskin Oruçoğlu
TürkiyePolat Gayrimenkul Executive Board Member Kaan Yücel, stating that housing prices in Turkey compete with Europe, said: “Costs have increased a lot. Housing prices have become more expensive. For example, the average housing square meter price in Hamburg is 8 thousand. Euro. “In Istanbul Piyalepaşa, it is at the level of 6 thousand-6 thousand 500 Euros,” he said. Stating that he does not expect a decrease in housing prices in Turkey, Yücel stated that prices will remain stable for a while, but he expects an increase in prices with the foreign currency. Explaining Polat Gayrimenkul’s projects in Hungary at the press conference held in Budapest, Yücel said, after investing 150 million Euros in Duna Pearl and 300 million Euros in City Pearl in Budapest, they also invested 150 million Euros in the new housing project they discussed with the Spanish fund. He said that they are planning an investment of . Touching on the new investment targets, Yücel said, “England“We are looking at new housing opportunities in Athens, Belgrade and Berlin,” he said.
Workers are from Turkey
Kaan Yücel said that they brought approximately 150 workers such as plasterers and painters from Turkey for the 193-flat Duna Pearl project. City Pearl General Manager Çağrı Oyman stated that the project area was a slaughterhouse from the 18th century, and that the iconic water tower, twin bull statues and the ballroom built in the empire style from the 19th century were restored. Oyman said that there will be 750 flats, 54 shops and 14 restaurants in the project.
