Urban transformation in Turkey
The urban transformation in Turkey keeps pace with global civilization progress and modern technology and is a major attraction for foreign real estate investments. In this article from Ebla Real Estate, we will talk about the most important urban transformation projects in Turkey.
Urban transformation in Turkey:
The urban transformation in Turkey is a practical application of global urban plans, the launch of modern urban expansion projects, in addition to the renovation and repair of old buildings with the specifications and standards of contemporary typical buildings, taking into account the preservation of the heritage and the historical importance.
The urban transformation plans in Turkey, according to studies, aim to renovate and build more than 7.5 million homes in Turkey as a first stage until 2023. Then, rehabilitate and repair about 18 million homes in Turkey in the near future.
The beginning of urban transformation in Turkey:
Thinking seriously about the urban transformation in Turkey began after the devastating Istanbul earthquake in 1991. Since then, Turkey has worked to increase social awareness and enacted laws regarding disaster and earthquake insurance, which has become a mandatory document for owning real estate.
Moreover, the Turkish government has launched a number of initiatives in this regard. Projects such as transforming a city, erecting new buildings or demolishing old ones, and developing natural spaces are regulated.
Urban transformation is not only taking place on the basis of construction, but also a transformation in social structure. In addition, urban transformation brings about physical, social, and human transformation.
In addition to the above, the first urban transformation project began as an actual integrated model in 2013 in the Kadikoy district of Istanbul. The project was the construction of a residential complex with 3000 apartments, and it is the first project that attracted foreign investments towards the Turkish real estate market.
Benefits of urban transformation in Turkey:
- Gradually increasing living standards.
- Modern urban expansion.
- Reducing the risks of natural disasters and earthquakes.
- Constructing thousands of residential complexes with modern high-quality specifications.
- Transforming slums into modern neighborhoods
- Attracting more foreign investments to the real estate market in Turkey.
- Supporting the Turkish economy.
- Supporting tourism and preserving historical monuments.
- Increasing in the number of people working in the construction and service sector.
The most prominent urban transformation cities in Turkey:
All the Turkish cities witnessed an urban renaissance and a rabid urban transformation. However, some cities such as Istanbul, Bursa and Antalya were pioneers in this field, these cities witnessed diverse contemporary projects of a world class.
Moreover, great efforts were made and companies set up to open mega-projects to construct prestigious buildings with high earthquake-resistant standards.
The urban transformation in these Turkish cities led to major advances in public services and infrastructure, including airports, roads and highways, high-speed railroads, utilities, hospitals, universities, and museums.
Therefore, they have become attractive regions for local, foreign and Arab investors.
Edited by: Ebla Group Real Estate
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