Developers gearing up for new housing projects amid strong demand
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ISTANBUL Encouraged by strong sales figures and a decline in home prices in real terms, construction companies are preparing to launch new housing projects. Potential homebuyers had been in a wait-and-see mode until the second half of last year but unleashed the pent-up demand, which helped the housing market bounce back. Last year, nearly 1.5 million homes changed hands in Türkiye, marking a 21 percent increase compared to 2023. Since July, the housing market has seen double-digit growth rates
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