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Turkey ramps up housing construction

In 2020, record sales of residential real estate were recorded.

The number of construction projects has increased in the country, especially in Istanbul, Antalya, Ankara, and Izmir. According to expert estimates, the launch of online sales and the possibility of remote registration of transactions played a major role in the growth of real estate sales. The government's anti-crisis program, which was based on a reduction in the mortgage rate in state-owned banks, also spurred demand.

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