Housing Crisis and Housing Prices Falling Out of Affordability
In recent years, rising housing prices and high credit costs have dragged the construction sector into a challenging period. Sector representatives emphasize that effective policies should be established in this process where housing problems are deepening.

High Credit Costs and Housing Prices
The rise in housing loan interest rates has made it difficult for citizens who want to own a house to access financing. Especially for low and middle income groups, the dream of housing has become an unattainable goal. This situation has negatively affected not only individuals but also the sector. As the construction sector enters recession due to decreasing demand, new projects have also slowed down.

Home Ownership Rate Declines
Rising housing prices and financing costs have led to a serious decline in home ownership rates. While the need for housing is increasing in countries with a high youth population such as Turkey, the current conditions force many people to live in rented accommodation. This leads to an increase in rental prices, thus deepening housing problems.

Solution Suggestions from Sector Representatives
Leading representatives of the real estate sector made some important suggestions to solve the problem
Public-Private Cooperation: Public and private sectors coming together to develop joint projects can increase the production of social housing.
Holistic Policies: A balanced system should be created for housing production and financing. Reducing interest rates, introducing new incentive packages and supporting local governments in this process can contribute to solving housing problems.
Accelerating Urban Transformation: The production of earthquake-resistant and modern living spaces should be encouraged. This will both facilitate citizens' access to safe housing and bring dynamism to the sector.
The Right to Housing Should be Guaranteed
Housing is a fundamental human right. Therefore, the government and sector stakeholders should focus on affordable housing projects. Developing sustainable policies in the housing sector is an inevitable necessity for the future of the young population and the growth of the national economy.