TOKİ Launches Affordable Rental Housing Projects for Low-Income Families in Istanbul, Ankara, and Izmir

Government Implements Strategic Measures to Mitigate Rent Inflation and Enhance Housing Supply

The government is proactively taking new initiatives in response to the recent surge in rent inflation and the persistent shortage of affordable housing. During a recent Economy Coordination Board meeting chaired by Vice President Cevdet Yılmaz, comprehensive strategies were discussed to implement structural reforms aimed at curbing excessive rent hikes.

Data presented from the Central Bank highlighted that although overall inflation rates have been decreasing, rent increases have not experienced a commensurate decline. The prior regulation capping rent hikes at 25% has inadvertently created a disparity in market prices, leading property owners to demand significantly higher increases, thereby fueling market instability.

Introduction of Social Housing Projects Through TOKİ

In response, authorities plan to initiate an extensive social housing campaign starting in 2026, especially targeting major metropolitan areas. This initiative, led by TOKİ (Housing Development Administration of Turkey), aims to increase the supply of rental social housing, ensuring affordable living options for vulnerable populations.

For instance, a typical TOKİ project comprising 500 units is expected to allocate approximately 150 units for rent. These units will be designed to meet the needs of low-income groups, including newlywed couples, individuals with disabilities, and other economically disadvantaged citizens.

Focus on Major Cities and Affordable Rental Options

The initial emphasis will be on expanding rental housing in Istanbul, with plans to extend similar projects to other large cities such as Ankara, İzmir, and Antalya. The new 2+1 rental units will be made available at affordable rates, offering a practical solution to housing affordability issues caused by recent market fluctuations.

Furthermore, as efforts to recover from earthquake-related damages progress, a notable increase in housing production is anticipated starting next year. The government’s overarching goal remains to provide long-term, sustainable housing solutions for low-income and vulnerable groups, ensuring a stable and equitable housing market for all citizens.

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