Politics

Turkish gov’t sets up plans to build homes for middle-income citizens


Following a major project for social housing, the Turkish
government’s second move in the housing sector will be the
middle-income campaign, Trend reports citing Hurriyet Daily
News.

Stating that the campaign, which is expected to apply different
interest rates according to income, has reached the final stage,
Environment, Urban Planning and Climate Change Minister Murat Kurum
noted that a model has been prepared that will benefit those in
need, not investors.

“While we started a social housing move for our low-income
citizens, we wanted to make a new study for middle-income people
who could not meet the conditions,” Kurum told daily Hurriyet in an
interview.

“We are conducting this campaign jointly with the Treasury and
Finance Ministry. With the campaign, both the purchasing conditions
of the citizens will improve and financial support will be provided
to the developers to increase the production. Our main goal will be
to provide an advantage to the citizens who will buy their first
house. The campaign will not be a commercial tool, it will offer a
solution to the need for accommodation.”

The government’s social housing project, which is in progress,
aims to create 250,000 houses, 1 million plots and 10,000
workplaces for low-income citizens in the first stage.

Kurum said the project has drawn huge interest, noting that more
than 5 million applications were received for the 250,000 houses
and that the new owners are being determined with draws.

“We started to identify the rights holders, we draw lots every
day,” he said.

“We do it in the presence of a notary public and in a
transparent manner. The beneficiaries of nearly 100,000 residences
have been determined and the tenders for the construction of 25,000
houses were also held. Land and workplaces will be set up very soon
and all the draws will be finished by March.”

The minister added that the new project will also have favorable
conditions.

“We will offer the best terms both through our contractors and
our banks,” Kurum said.

“At the point that we have reached today, we have managed to
stop the price increase with social housing. Now we aim to protect
this situation with the new campaign.”

Kurum also said that urban transformation projects continue all
around the country to transform buildings threatened by
earthquakes.

“For example, there are 1.2 million buildings and 5.9 million
residences in Istanbul,” the minister said.

“Around 1.5 million of those residences are at risk, 250,000 of
which must be transformed urgently. I want to appeal to our
citizens. It is not your destiny to live a risky life, a life of
anxiety. Let’s make your homes healthy together. We are ready to be
with you with aids of relocation, rent and favorable payment
terms.”



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