300 Million Lira Municipal Property Put Up for Sale

The municipality of Edremit, a tourism hub in Balıkesir, is facing significant challenges with its infrastructure, leading to a controversial decision to sell off valuable municipal assets. Mayor Mehmet Ertaş of the CHP party has put 19 properties up for auction, with a total estimated value of 300 million Turkish Lira, in an effort to fund much-needed upgrades.

The sale list includes prime real estate in sought-after locations such as Güre, Kızılkeçili, Zeytinli, and Tahtakuşlar. Additionally, three duplex villas owned by the municipality are also part of the package. This move has drawn attention due to the high value of the properties being offered, particularly in a region that has reportedly suffered from neglect, with streets flooding during the winter months and a general lack of services.

One of the most significant assets on the block is a 4,375-square-meter plot of land in Yolören Mahallesi, valued at 80 million Turkish Lira. The auction for these properties is scheduled to commence on Wednesday, April 29th, at 2:00 PM. The decision to sell these assets highlights the financial pressures faced by the municipality and raises questions about the long-term development strategy for Edremit.