The Towering Illusion of Affordable Housing The recent demolition of apartments in China due to their high costs and low demand has highlighted the global phenomenon of over building and housing shortages.
This trend is driven by a complex interplay of factors, including high end property development, price fixing, and maintaining housing scarcity.
In Turkey, urban development is characterized by an abundance of residential towers, yet despite an estimated vacancy rate of up to 30%, prices and rents remain stubbornly high.