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Türkiye to continue low-rate policy, speed up urban transformation

Türkiye to continue low-rate policy, speed up urban transformation

President Recep Tayyip Erdoğan mentioned Friday that Türkiye had rebuilt 3.3 million homes underneath city transformation initiatives and that these initiatives would achieve even additional velocity, significantly in earthquake-risk areas.

Erdoğan emphasised that they each elevated the standard of life of individuals with the steps they took in each area, from transportation to power, and that they grew Türkiye with funding, employment and manufacturing.

He mentioned that they’ve realized a fast transformation with their infrastructure and residences within the nation, which is going through many catastrophe dangers from earthquakes to fires, from floods to landslides.

“So far, we have renewed 3.3 million houses with urban transformation and built 1.2 million houses… With the contributions of our private sector, we have brought our country to a very good level in this area compared to 20 years ago. But we do not see this as enough. Especially in Istanbul, we are accelerating urban transformation in places with high earthquake risk,” he mentioned.

Erdoğan revealed that half of the price of those that wished to rebuild their homes could be coated by the state.

“We should not forget that the way to get rid of the troubles we experience in our daily lives is to grow our country, increase production and employment… Just as we removed all the obstacles in front of Türkiye one by one, we will have the inflation issue under control by the end of this year and we will have solved it completely next year.”

Erdoğan additionally famous that the low-interest price coverage wouldn’t change. “And you will see that inflation will decrease along with the interest rate.”

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Source: www.dailysabah.com