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Abandoned villas: Turkey's luxury ghost town
Amid a real estate crisis in Turkey, nearly 1,000 construction companies have gone bankrupt in less than a year. Before the start of the economic downturn, millions of dollars had been pumped into luxury housing projects across the country. In the western Anatolia region lies a stark symbol of this crisis: a ghost town with hundreds of abandoned Renaissance-style villas. Our colleagues from France 2 report, with FRANCE 24's Maud Jullien.
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By FRANCE 24 English
5
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Amid a real estate crisis in Turkey, nearly 1,000 construction companies have gone bankrupt in less than a year. Before the start of the economic downturn, millions of dollars had been pumped into luxury housing projects across the country. In the western Anatolia region lies a stark symbol of this crisis: a ghost town with hundreds of abandoned Renaissance-style villas. Our colleagues from France 2 report, with FRANCE 24's Maud Jullien.
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