Minister Şimşek announced! Good news for low-income housing.

The Minister of Treasury and Finance, Mehmet Şimşek, attended the "2024 Year Evaluation and 2025 Year Expectations" program organized by the Independent Industrialists and Businessmen's Association (MÜSİAD). In his speech here, Minister Şimşek stated that the most important priority of the period is the access to housing for low-income citizens and first-time homebuyers.

"OUR LOW-INCOME CITIZENS WILL BUY THEIR FIRST HOME"

The relevant part of Minister Şimşek's statements is as follows: "The access to housing for our low-income citizens and first-time homebuyers is the most important priority of this period. The most significant component of the cost of living is rent, which is why we will place great importance on this area. As the effects of the earthquake diminish, we will direct the largest portion of the resources to the housing supply channel. We will take all measures to increase housing supply. Increasing food supply is also one of our priority areas. There is significant subsidy in energy, which we are continuing, for both electricity and natural gas. We are prioritizing renewable energy. There has been a slowdown in domestic demand; the contribution of net exports will turn positive, relatively low but temporarily more reasonable without creating inflation and external deficits, and later we will lay the foundations for high growth. When we look at economic activity, it is necessary to read the official data well; 77% of the Turkish economy is in non-industrial sectors, and growth in the service sector is strong. In the short term, there was a temporary limited correction in the manufacturing industry; overall, the real sector confidence index and capacity index have started to improve in the last few months, no matter where you look. Employment is the most important indicator for us; in the last year, 1 million people have been provided with employment. We are aware that there are difficulties in the manufacturing industry and certain areas, but there is no reason to be pessimistic about the economy as a whole. There are fears that "we have lost our competitiveness"; there is a decline in EU imports, but there is no decline in Turkey's exports to the EU; instead, there is an increase. It is beneficial to attribute some of the difficulties we are experiencing more to global developments than to competitiveness."