Page 51 - World Of Nurol Magazine-23

Presenting the future’s life style sizes from 73 m² to 193 m². The Musa Aykaç underlined that the
under the “Invest in Life” slogan, re-launch of the Nurol Tower proj- fall in the rates will have an impact
Nurol REIT is set to make three giant ect was made at a press conference on the real estate demand and an
projects in Istanbul in 2013. The first held in Istanbul and hosted by Nu- additional demand will be seen
one of three projects of Nurol REIT rol REIT’s General Manager Musa in the industry with the real es-
in Istanbul is Nurol Tower which will Aykaç. tate sales to foreigners and urban
be built with an investment of 140 transformation process. “According
million dollar. Interest rate on housing to the data of the DPT (The State
loans may fall to levels as Planning Organization) and GYODER
The unit prices for re-launch of low as 0.60 percent’ (The Association of Real Estate In-
Nurol Tower, located in Mecidiyeköy vestment Companies), the housing
Speaking at the conference,
-one of the most important hubs Nurol REIT’s General Manager need in Istanbul is expected to be
in Istanbul, will start from 5,000 250,000 in average by 2015. It is
dollars per square meter. The Nu- Musa Aykaç said, the Turkish planned that 180,000 of this need
rol Tower project draws attention economy came forward with its to be met by the market conditions,
among other projects that are un- strong performance in the last while the remaining 70,000 by pub-
der development in Istanbul thanks decade, the ongoing macro stabil- lic and public-private consortiums,”
to its functional design, architec- ity and the resistance it showed he added.
tural technical facilities and central to the global economic recession.
location. The project is planned to The real estate industry had a bet-
be completed in June 2014 as fully ter year in 2012 than the previous Highest growth in
functioning. year amid the dynamism of the market value
economy, Aykaç said, adding that Operating as part of the Nu-
Nurol Tower is consisted of 291 the growth of the industry is ex- rol Holding, a conglomerate active
independent sections including pected to be around 5-6 percent in five main industries including
243 home offices, 12 offices and 36 this year. Aykaç noted the easing construction, defense industry, fi-
stores and shops on the shopping in the housing loans recently re- nance, tourism and energy in Tur-
floor. Built as a single block in tri- flected positively on the markets key and abroad with its experience
angle shape and with an architec- and the interest rates on the hous- of half a century, the Nurol REIT
ture style of a tower with 32 floors, ing loans which are hovering above achieved the highest growth in
the Nurol Tower offers different liv- 0.70 percent are expected to fall to market value in the Istanbul Stock
ing alternatives with its “HomeOf- levels as low as 0.60 percent in the Exchange with an increase of 402
ficeHome®” options with various near term. percent in 2012.