Baku, Azerbaijan, Feb.2
By Rufiz Hafizoglu - Trend:
It is planned to demolish over 6.5 million houses in Turkey, as they do not meet the quality standards and are in emergency condition, a message posted on the website of Turkish Ministry of Environment and Urban Planning said.
The houses will be demolished within the 'Kentsel Donusum' project.
The state will pay financial compensation to citizens whose homes will be demolished within 18 months.
Some 300,000 contractor construction companies operate in the country, according to Turkish Contractors Association.
Earlier, Turkish Minister of Environment and Urban Planning Idris Gulluce said that over 30 percent of the contractor companies in Turkey can be deprived of license.
Previously, head of Turkish Standards Institute (TSE) Hulusi Senturk said that new buildings will be standardized in the country.
He added that currently, there are serious problems in Turkey's construction sphere, the majority of the new buildings do not meet modern standards, and this causes dissatisfaction among the buyers.
Around 115,786 houses were sold in the country in January-September 2014 or 13.2 percent more than in the same period of 2013, Turkish Statistical Institute said.
Istanbul was first in terms of real estate sale in Turkey for this period with 18.1 percent, followed by Ankara with 6.1 percent.
Earlier, it was reported that around 37.3 percent of real estate in Turkey were sold on credit in January-September 2014.
Around 1,857 houses were sold to the foreigners during this period.
Edited by SI
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