It is promised to increase residences for sale and stop the growth of rental rates

It is promised to increase residences for sale and stop the growth of rental rates

The development of the economy involves, among other things, solving the issue of rising rental prices: it is supposed to get rid of this "rental inflation" in principle.

 

This was stated by Recep Tayyip Erdogan shortly before the second round of the presidential election, during one of his public speeches. It took place in Gaziantep, and the president then clarified the situation on housing construction in the earthquake-affected provinces. In particular, he personally attended the ceremony of handing over the keys to the new owners of village houses.

 

In his speech, he also clarified that the authorities continue to solve the situation with rent: "The rise in prices caused by fluctuations in the economy is one of these problems. Especially housing prices and rents have reached really annoying levels in almost all parts of Turkey," he stressed.

 

The solution was supposed to be a combination of several measures at once: rapid construction and supply of housing through the Office of Mass Housing Construction TOKI, including through preferential programs (both sale and rental of social housing); encouragement of the private sector plus strict control over excessively greedy landlords.

 

As of today, the situation with the elections is already clear, the votes have been counted; so, we will wait to see how quickly the promised will be fulfilled.

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