REAL ESTATE INVESTMENT PLANS

According to the most recent building census of 2000, there was no overall shortage of housing in Turkey, given that there was a total of million housing units and million households. 22 The regional differences in the ratio of housing units available to house- holds are stunning. In Istanbul 33% more housing units than house- holds were counted, in Izmir the excess was 24% and in Ankara 10%, whereas in some of the northern provinces some 30% to 40% more households than dwelling units are reported. For several reasons this does not mean that residential markets even in regions with.

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