23.07.2025 11:30
The new model to be implemented in partnership with Emlak Konut and TOKİ opens the way for investing in real estate with small savings. So, what is a real estate certificate, and what is it not?
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The Minister of Environment, Urbanization and Climate Change, Murat Kurum, will share the details of the project that allows home purchases with a real estate certificate, which will initiate a new era in the housing market in Istanbul tomorrow.
According to a report in Sabah newspaper; the project, which will be realized in cooperation with Emlak Konut GYO and TOKİ, will offer citizens the opportunity to participate in housing projects with small savings.
COOPERATION BETWEEN TOKİ AND EMLAK KONUT
The Ministry of Environment, Urbanization and Climate Change will take another step to ensure that citizens have access to reliable housing options. With a social state understanding, the Ministry aims to facilitate citizens' access to secure housing through social housing and urban transformation, and this time it will implement a new investment model in collaboration with Emlak Konut GYO and the Housing Development Administration (TOKİ).
OPPORTUNITY TO OWN A HOME WITH SMALL SAVINGS
Minister Kurum will introduce the new project that offers the opportunity to buy homes with small savings through real estate certificates at a meeting to be held in Istanbul tomorrow. Kurum will explain the details of the project that provides the opportunity to either purchase the entire home or share in a portion of it with the new investment model.
WHO CAN OBTAIN REAL ESTATE CERTIFICATES?
Anyone with an investment account at a bank or brokerage firm can obtain real estate certificates. The market value of each apartment in the project included in the real estate certificate, which allows small savings to be converted into investment, will be determined. Factors such as the location, floor, premium, size, and number of rooms of all apartments with real estate certificates will affect the prices.
HOMES WILL BE DIVIDED INTO SHARES
With the certificates that will be put up for sale by dividing each home into small shares, the opportunity to own a home without down payment, interest, loans, or installments will be opened.
OPPORTUNITY FOR THOSE WHO CANNOT AFFORD TO BUY A WHOLE HOUSE
Those who do not have enough money to buy a house but acquire the divided certificate benefit from the value increase of the home and can immediately engage in buying and selling in the market. The real estate agent is also relieved from many issues and costs such as waiting months for sales and title deed transfers.
WHAT IS A REAL ESTATE CERTIFICATE, AND WHAT IS IT NOT?
• It is a capital market instrument that allows companies with real estate projects to sell independent units by dividing them into small units, i.e., certificates, enabling those who purchase a sufficient number of certificates to own the independent unit through title deed transfer, while those who do not have sufficient certificates can benefit from potential value increases.
• It is an asset-backed investment instrument, with each certificate representing a specific area unit (m2, dm2, cm2, etc.) or a monetary unit (1 TL, 10 TL, 100 TL, etc.).
• It allows all segments of society to invest by dividing high-value real estate in housing projects into certificates valued between 0-200 TL. However, an investor wishing to purchase a home from the project can also buy the desired home by collecting sufficient certificates.
• It is a product that does not yield interest. The funds collected from the public offering and secondary issuance can be evaluated in accordance with interest-free finance principles at the discretion of the issuer.
• The independent units subject to the issuance of real estate certificates and the funds obtained from the issuance cannot be saved, pledged, used as collateral, seized, included in bankruptcy proceedings, and no precautionary measures can be taken regarding them. They cannot be used in the sale of completed projects and can only be issued for ongoing or upcoming projects.
• It is not fixed income; the value of the certificate, which will be traded on Borsa Istanbul, may increase or decrease according to market conditions, just like real estate prices.
• It is an investment instrument with a maturity; when the project is completed, it is either converted to title deed or converted to cash based on the value calculated by the previously announced method.
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