Solidere Turnaround
Jul 07, 2020
4 minutes
ortune is smiling on Solidere amid the current doom and gloom. The real estate development company is back reporting profits after two years of loss making and a slump in sales that had compelled it to offer hefty discounts on the prices of properties. Capital controls, the sharp decline in the exchange value of the lira, and concerns about the state of affairs of the banking sector, led many investors to buy real assets, including real estate, in order to preserve the value of their savings. For this reason, Solidere has been witnessing a rising demand for its real estate properties that has resulted in an increase in sales revenues which has enabled it to achieve a
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