Erdogan Vows Half-Million New Homes in $50 Billion Vote Push
- Turkish president announces biggest home-ownership project
- Erdogan wants to win over voters hit by high rents, inflation
A jump in home prices, rents, and surging inflation has left many Turks disillusioned with the ruling AK Party.
Photographer: Moe Zoyari/BloombergThis article is for subscribers only.
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Turkish President Recep Tayyip Erdogan unveiled plans to spend $50 billion building 500,000 new homes and 50,000 offices in what he billed as Turkey’s biggest ever home-ownership push, hoping to win over lower-income voters ahead of next year’s elections.