Demand for public housing is continuing in Turkey’s urban centres, particularly in Istanbul, its largest city, because of an influx of rural migrants displaced from the countryside, rising income levels among metropolitan residents and a booming young population, despite the present turbulence in the economy.
“Six million housing units need to be built by 2012 to keep up with the demand,” says Feyzullah Yetgin, general manager of Emlak Konut REIT, the state real estate investment company.
