"Arnavutköy emerges as new center of attraction in Istanbul
Wednesday, August 20, 2008
The historic Arnavutköy neighborhood is emerging as a new center of attraction in Istanbul, as prices of lands have nearly doubled in the last year. Turkey's Mass Housing Administration, or TOKİ, and the KİPTAŞ company, an affiliate of the Istanbul Metropolitan Municipality, have seen the potential in the region and have launched 2,000 housing projects, weekly Ekonomist reported. TOKİ has launched 1,350 housing projects, while KİPTAŞ has created 625. In addition, a variety of villa projects have been taking place in the region during the last couple of years."
More:Arnavutköy emerges as new center of attraction in Istanbul - Turkish Daily News Aug 20, 2008
