logo
伊斯坦布尔 icon
icon 伊斯坦布尔 icon
新闻与资讯
Controversy and Dissatisfaction Surround Low-Income Housing Project in Istanbul, Turkey
Controversy and Dissatisfaction Surround Low-Income Housing Project in Istanbul, Turkey 伊斯坦布尔
By   Internet
  • 都市报
  • Turkey Real Estate
  • Istanbul Property
  • Housing Project
Abstract: According to a report on December 10 by The Wall Street Journal, Turkey's Housing Development Administration (TOKİ) has faced controversy and dissatisfaction for failing to fulfill promises made to future homeowners regarding costs or delivery times for the low-income family housing project in Istanbul.

The project, proposed by Turkish President Recep Tayyip Erdoğan in 2019, promised a monthly installment plan equivalent to 44% of the minimum wage. However, the prices for the same apartments have now exceeded 1.5 times the minimum wage, leading equity holders to express dissatisfaction with unexpected changes to the payment plan.


In early 2019, President Erdoğan assured potential buyers that the project would be completed within one or one and a half years. However, according to a report on December 8 by Evrensel Daily, the construction of the housing complex has only just begun four years later, causing disappointment and unease among homebuyers.


The TOKİ project is planned to be developed in the Tuzla district of Istanbul, as part of its initiative to "build 100,000 units of social housing annually" and was announced by President Erdoğan on December 12, 2019.


The initial selling point of the project was that low-income families could enjoy a flexible payment plan, with installment payment terms of 240 months and a monthly payment of 894 Turkish liras (approximately $150 in 2019), with a 10% down payment.


However, the new plan has triggered dissatisfaction among equity holders. The new plan shortens the installment payment period to 180 months and increases the monthly installment amount to between 13,000 and 18,000 Turkish liras ($450-$620).


TOKİ also announced that the annual payment increase would be synchronized with the salary increases of civil servants. This may imply that apartment costs will double in the coming years.

Controversy and Dissatisfaction Surround Low-Income Housing Project in Istanbul, Turkey

One equity holder mentioned commitments made by government officials regarding the housing project and stated that the former Minister of Environment, Urban Planning, and Climate Change, Murat Kurum, assured them that the increased costs due to delays would not be transferred to citizens.


"The president said the apartments would be delivered within a year. Now, four years have passed, and construction has just begun," complained one homebuyer.


Equity holders also emphasized the high down payment required by the new plan.


"They say this project is for low-income families, but anyone who can pay 400,000 Turkish liras ($13,800) at once is not considered low income," said a prospective homebuyer, adding that they believe the project prioritizes profit and overlooks social considerations.


Many equity holders have shared their dissatisfaction with the housing project on the social media platform "Şikayetvar."


"We have waited for nearly four years, and we have been treated unfairly. Now, you have canceled the fixed interest rate option and are selling these houses at unimaginable prices," wrote one comment.


Another comment said, "As a low-income individual, how am I supposed to pay installments of 17,500 Turkish liras?"


TOKİ has received significant funds from the ruling Justice and Development Party (AKP) and has become a means for the authorities to engage in development in various regions domestically and, in some cases, property renovations. Those interested in purchasing a home must participate in a lottery to gain equity in the project's early stages.

留言
icon
请输入您的国籍
+87
不能为空
电子邮件地址无效 电子邮件地址未验证!
icon
欢迎访问 House.com
登录或注册以充分利用您的体验。这也将增加您与经纪人交流的机会。
请输入有效的电子邮件地址。
继续使用 Google
提交即表示我接受House.com的   使用条款
icon icon
验证您的电子邮件
你好 我们刚刚将验证码发送到您的电子邮件中。请检查并在此处输入验证码以继续登录。
验证码错误
没有收到电子邮件?请检查您的垃圾邮件文件夹
icon
banner
Controversy and Dissatisfaction Surround Low-Income Housing Project in Istanbul, Turkey
icon 复制链接
icon WhatsApp
icon Facebook
icon Twitter