Statement from the Minister on the Constantly Increasing Housing Prices

Environment, Urbanization and Climate Change Minister Murat Kurum made a statement about the increasing housing prices in a broadcast he attended. The institution also presented data on the housing purchases of foreign nationals, which has been on the agenda recently.

In Turkey, housing prices have been increasing all the time, along with everything else. In fact, a recent post attracted attention and became the agenda, with a villa in Miami and a 3+1 apartment in Ümraniye being the same price.

In the country, especially in big cities, both rent and purchase prices have risen to astonishing levels, which naturally causes reactions. A new statement regarding these issues came from the Ministry of Environment, Urbanization and Climate, Institution. The institution, in a publication in which it participated on the rise in housing prices spoke.

The reason for the increase is ‘raw material inputs’

The agency said in a statement:The reason for the 3-4 times increase in housing prices is related to raw material inputs. Otherwise, there has been no increase in housing for the last 3-4 years. We have never taken a stand against the helplessness of our low-income and middle-income citizens in disasters. That’s why we will continue social housing and urban transformation activities. We have no direct role in the lease.. When we balance supply and demand, the level we want in rents will come.‘ he stated.

Regarding the increase, the Institution also stated that “Last year’s sales compared to previous years not an exaggerated increase” he said, “A margin of 3 percent has no effect on the price increase in the houses we are talking about.‘ he said.

In addition to situations such as inflation and high exchange rates, rising housing prices also ‘foreign investors’ It is said to be, and the reactions to it have increased. The institution also spoke about this issue and said, “When we look at the last 5 years, there are sales to 40-50 thousand foreigners. This year, 59 thousand foreigners were sold out of 1.5 million sales.“he used the phrases:

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‘There are opportunists’

In the statement of the institution, he also stated that ‘opportunists’ had an effect on the increase in housing prices. There are opportunists at work. It is not right to accuse the entire industry because of opportunists. Investigations are carried out and necessary sanctions are applied to those who are detected. As a ministry, we regularly conduct our audits together with the relevant ministries. We even talked in the Cabinet about the increases in exports.‘ he stated.


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