The collapsing construction bubble has resulted in half-finished high-rises and ghost towns all over the country. However, the weakening Turkish lira has left many companies struggling to pay off the foreign currency debt borrowed to finance projects, stalling work and bankrupting companies. Back in the early 2000s, Turkey was riding on the wave of an economic boom. Journey to Abandoned GHOST TOWN of Disney Castles Over 530 Abandoned Castles BigBankz 320K subscribers Subscribe 2.8K Share 72K views 1 year ago Imagine waking up and stepping outside. The Turkish president, Recep Tayyip Erdogan, has encouraged a construction boom during his time in office, hailing large, job-heavy infrastructure projects as the engine of the Turkish economy. The small town of town of Burj Al Babas in Turkey is filled with 700 abandoned castle homes. “Developments without proper planning that do not contextualise the geography and history of their surroundings have exploded in Turkey since.” Weakening lira “I worry that projects like Burj al Babas opened Pandora’s box, in some respects,” he said. Since Burj al Babas got the go-ahead, the Turkish government has introduced new building regulations designed to preserve local character and heritage: in several places, housing developments must now be low-rise and fit in with existing neighbourhoods.īut it may be too late to undo some of the damage, said Yasar Adnan Adanali, an Istanbul-based urban development researcher.Ī row of houses at Burj al Babas: the properties were retailing for about €436,000. The construction project has long been hated by Mudurnu locals, who say it is not in keeping with the area’s traditional architecture, characterised by Byzantine buildings, traditional Ottoman wooden houses and a 600-year-old mosque.
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