A ghost town of abandoned hundreds 'fairytale castles' in Turkey
At the foot of the mountains of Bolu province built hundreds of homes, similar in design to the Disney castles, but then the project ran into financial difficulties.
The project in Turkey failed miserably "village castles": the company was on the verge of bankruptcy because many customers have decided not to buy property.
The main reason is that, instead of elite cottages wealthy investors from Saudi Arabia, UAE, Qatar and other countries in the region saw a frilly typical building of the same psevdozamkov.
In 2014, Turkey began to build settlement The Burj Al Babas - "luxury" town villas for wealthy foreigners.
At the foot of the mountains of Bolu province built hundreds of homes, similar in design to the Disney castles, but then the project ran into financial difficulties. In November 2018 construction company went bankrupt, and 587 homes were left abandoned.
The total cost of the project amounted to over 200 million dollars, and each house would cost the buyers in the amount of 400 to 500 thousand dollars. For several years the company Sarot Group managed to sell a few hundred houses customers from Qatar, Kuwait, Bahrain and Saudi Arabia.
But soon they abandoned the acquired property. According to the architect of the complex, it was associated with a decline in oil prices.
Another reason - the general decline in the economy of Turkey. By October 2018, inflation reached 25%, the highest level in 15 years. Do builders Burj Al Babas accumulated debt of 27 million dollars, and declared bankrupt.
Houses and remained in the north-west of Turkey: the building, the windows and the infrastructure around the houses. In Sarot Group is still hope for the revival of the project. The company wants to appeal the status of a bankrupt and the resumption of construction in 2019.
But while "Disney castles" remain part of the ghost town.