President Erdoğan has unveiled a transformative initiative to address Turkey’s housing crisis: the Century Housing Project, which aims to build 500,000 social housing units across all 81 provinces.
📌 Project Highlights
- Target Audience: Low-income families, veterans, families of martyrs, people with disabilities, retirees, youth (18–30), and families with 3+ children.
- Apartment Types: 1+1 and 2+1 units, low-rise, traditional architecture.
- Special Quotas:
- Martyrs’ families & veterans: 5%
- Large families: 10%
- Retirees & youth: 20%
- Pricing & Payment:
- Starting price: 1.8 million TL
- Down payment: 10%
- Installments: 240 months
- Monthly payments: 7,313 TL (Istanbul), 6,750 TL (other provinces)
- Timeline:
- Applications: Nov 10 – Dec 19, 2025
- Construction starts: November 2025
- First draws: December 2025
- Deliveries begin: March 2027
🏠 Rental Housing Component
- 15,000 units designated as social rental housing, priced at half the market rate.
- Intended to ease rent pressures and increase supply, especially in high-demand areas like Istanbul.
🗣️ Industry Support
Ziya Yılmaz, Chairman of KONUTDER, praised the initiative as a “stabilizing force” in the housing market. He emphasized its potential to:
- Improve access to housing for vulnerable groups
- Enhance urban quality of life
- Promote social justice
- Strengthen public-private collaboration
