10,000 rental apartments to be built in Istanbul

The construction will be carried out on public lands. And not only.

Istanbul, Turkey - Great news for everyone who dreams of visiting this magnificent metropolis! Istanbul is preparing to launch a large-scale project for the construction of 10,000 rental apartments, and this may change your idea of how you can comfortably spend time in this amazing city.

Why is it so important?
The situation with affordable housing in Istanbul has been a problem for tourists and locals for a long time. High housing prices and a limited number of available options made staying in the city expensive and not always comfortable. However, a new project developed by the Association of Real Estate Investors (GYODER) is designed to change this situation.

What does the new project offer?
The main idea of the project is to build 10,000 rental apartments on public lands. This means that the costs of land plots will be minimized, which, in turn, will reduce the cost of rent by 50%. This is an attractive offer for both tourists and locals.

Support from banks and the real estate sector
It is important to note that the new project is fully supported by banks and the real estate sector. This means that the project has all the necessary resources for successful implementation. Mehmet Kalenju, president of GYODER, stressed that they are ready to contribute to solving the housing problem in Istanbul.

Affordable housing for priority groups
One of the important features of the project is the priority right to rent new apartments for tenants and homeowners living in areas with the greatest problems of housing affordability. This means that those who are currently facing difficulties in finding housing will have the opportunity to improve their housing situation.