The private sector provides Türkiye’s new house rental system. At a time when the government was implementing a housing campaign for low-income citizens through the “My First Home” project, My first office for social housing, Typical proposals came from the private sector to support their housing needs.
The new rental system:
The private sector has Who developed an action plan based on developing affordable housing on state-owned lands, Submitting a proposal to develop homes on these lands and rent them to citizens, regulated by the state. In this rental model, Rents are planned to be equivalent to 30% of the disposable income of a two-person household.
Real Estate Summit:
The Real Estate Summit organized by the Partnership for Real Estate Investment (GYODER) met for the 17th time, The latest developments and future vision were discussed. During the “Affordable Housing” session held at the summit, A proposal was presented for housing to be rented to citizens, regulated by the state.
Analysis and details:
Chairman of the Board of Directors of GYODER, Muhammad Qalionjo, who explained his proposals regarding the details of the model at the summit, He confirmed that they established the “Affordable Housing Committee” as part of the association.
Cost reduction:
He pointed out that they succeeded in reducing the share of land, which was 50% in the development process, to zero in their proposed model, Which will also cut the cost in half.
Long term rentals:
Qalionjo explained that rentals should be considered for long periods, Not annually or for three to five years. He stressed the importance of making the tenant feel comfortable, Pointing out that if a model of public-private cooperation is developed, The state can issue an annual rent schedule.
Sustainable project:
Qalionjo stressed that the returns on investment will appear within 15 years, Pointing out that loan outlets must be provided on these conditions.
Social project impact:
He pointed out that the impact of the announced social housing project appears immediately. Industry must also participate in this work, he explained.
It has been confirmed that construction can be done quickly and houses built in a period of one and a half to one and a half years if the model takes off. With the potential to produce 100,000 homes by the third year, Maybe 300,000 or 500,000. But the search for land remains important, Especially in Istanbul.
common questions:
Is this model sustainable?
Yes, The model is based on using state-owned land to reduce costs and make rents more affordable.
Can I have a long lease term?
Yes, It is preferable to rent for long periods to ensure tenant comfort and provide an annual rental schedule.
What are the benefits of a social housing project?
The project can contribute to meeting housing needs and provide an opportunity for industry to participate in this area and provide social benefits to the community.
With his proposal for the new rental model, The private sector provides an effective solution to meet the housing needs of low-income citizens. He points out the importance of industry participation in this field to achieve sustainable development.
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