Unfortunately, the weakening of the Turkish lira made it extremely difficult for businesses to repay foreign debts, and large construction projects like Burj Al Babas took a major hit. The project was supported by Turkish president Recep Tayyip Erdoğan, who believed that the infrastructure jobs and the real estate sales generated by the new development would result in an economic boom for the country. The development was also going to feature to movie theaters, sports facilities, shopping centers, and Turkish baths. Numerous castles (Burgen) and palaces (Schlösser) are found in the German state of Hesse. That was the intent of the Sarot Group, which hoped that the development would attract wealthy investors to purchase these properties as luxury vacation homes. Each building could be straight out of a Disney fairytale, with pointed dark roofs and light exteriors. These include round turrets, ornate façades, and Juliet balconies. The development is home to some 587 of the 732 planned buildings with French-inspired architectural features that make them look like identical mini- castles. (Photo Credit: Chris McGrath / Getty Images) (Photo Credit: Chris McGrath / Getty Images) The economic downturn and weakening Turkish lira have left many companies unable to pay large foreign currency debts borrowed to finance projects, resulting in many companies filing for bankruptcy and leaving projects unfinished, including the Sarot Property Group and the Burj Al Babas housing development project. (Photo Credit: Chris McGrath / Getty Images) The future of the villas is now uncertain after the developers, Sarot Property Group filed for bankruptcy after buyers and investors pulled out of the 150-million euro project. Construction on the luxury housing project began in 2014 and aimed to build 732 villas, a shopping mall and entertainment facilities targeted at foreign buyers. The dark forests and sudden valleys surrounding the castle have given the place an ominous reputation in local myth and legend. Its ruin looms over the city of Darmstadt in the Odenwald Mountains, where it was originally built in the 1250s. The Death of the Surrounding Neighborhood. Castle Frankenstein, Germany Just the name alone lands this castle on our list of creepy abandoned castles. Inspired by French architecture Hundreds of castle-like villas and houses are seen unfinished at the Burj Al Babas housing development on in Mudurnu, Turkey. Many homeowners walked away from their houses and property before they faced foreclosure.
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