The media reports that the government, planning to intensify the process of urban transformation as part of a nationwide campaign, will increase financial support for the population in 2023. In particular, in some cases, the loan rate on housing loans will decrease, the volume of these loans will increase, and their repayment period will be extended.
Thus, the authorities want to «stimulate» the enthusiasm of the population in relation to the large-scale transformation of settlements as a whole. To encourage people to move more willingly from emergency housing to another rented one, as well as to convince some of the owners to invest their own efforts, time and money in putting the building in order in cases where repair work is not too large. For example, owners who agree to do such repairs of buildings can count on large loans – up to hundreds of thousands of Turkish liras, and at a low interest rate. What is convenient for all parties: the government does not need to deal with putting the house in order, finding a contractor, etc.; and residents do not need to leave their nest, spend a lot of money on rent, relocation, etc.
Recall that in February 2022, the upper limit of the amount for lending under the urban transformation program was increased to 400,000 Turkish lira (TL), and in October – by another 200,000: up to 600,000 TL.
In January, it became known that the maximum amount was «raised» to one million.
The terms of lending will also be adjusted so that citizens can freely take these amounts and negotiate installments.
Thus, with the support of the population «by deed», it is planned to successfully strengthen and repair a million residences only in 2023. Moreover, some cities deserve special attention: such as Izmir, which recently suffered from a serious earthquake. Also, Istanbul, where every third building is still insufficiently earthquake-resistant.