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Housing development and policy change: what has changed in Turkey in the last decade in the owner-occupied and rented sectors?
Abstract Since 2002, The Justice and Development Party has been governing in Turkey. From their first period to the current, major changes have been observed in the Turkish housing system, regarding both owner occupied and rented sectors. First one is the introduction of Mortgage Law in 2007. As already a home-owner society with a 64.16 % share in urban areas (2003), home ownership ratios can be argued to increase in coming periods. Second modification in owner occupied sector was significant policy change in Housing Development Administration (HDA) of Turkey. With a “housing mobilization” project, almost 500,000 new dwellings were built by HDA all over the country in 10 years. This has been a record in HDA’s history. Remarkable changes occurred in the rented sector as well. Originally, Turkey has been characterized with absence of public renting and considerable proportion of private rented stock especially in the big cities. Governments did not develop social rented housing and pro-owner laws have been followed. Renters could face eviction under certain situations determined by the Law on Property Rents, however these were subject to misuse by homeowners. As a third major change, a new Code of Obligations was introduced superseding Law on Property Rents. In this paper, recent changes in both rented and owner occupied sectors of the Turkish housing system are analyzed with reference to mortgage law, HDA’s new policies and changes in private renting legislation. In doing so, several key figures like buildings produced, inflation rate and physical attributes of private renting are provided.
Housing development and policy change: what has changed in Turkey in the last decade in the owner-occupied and rented sectors?
Abstract Since 2002, The Justice and Development Party has been governing in Turkey. From their first period to the current, major changes have been observed in the Turkish housing system, regarding both owner occupied and rented sectors. First one is the introduction of Mortgage Law in 2007. As already a home-owner society with a 64.16 % share in urban areas (2003), home ownership ratios can be argued to increase in coming periods. Second modification in owner occupied sector was significant policy change in Housing Development Administration (HDA) of Turkey. With a “housing mobilization” project, almost 500,000 new dwellings were built by HDA all over the country in 10 years. This has been a record in HDA’s history. Remarkable changes occurred in the rented sector as well. Originally, Turkey has been characterized with absence of public renting and considerable proportion of private rented stock especially in the big cities. Governments did not develop social rented housing and pro-owner laws have been followed. Renters could face eviction under certain situations determined by the Law on Property Rents, however these were subject to misuse by homeowners. As a third major change, a new Code of Obligations was introduced superseding Law on Property Rents. In this paper, recent changes in both rented and owner occupied sectors of the Turkish housing system are analyzed with reference to mortgage law, HDA’s new policies and changes in private renting legislation. In doing so, several key figures like buildings produced, inflation rate and physical attributes of private renting are provided.
Housing development and policy change: what has changed in Turkey in the last decade in the owner-occupied and rented sectors?
Sarıoglu-Erdogdu, G. Pelin (author)
2013
Article (Journal)
Electronic Resource
English
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