The Housing Development Administration, which builds millions of homes in Turkey, will determine a new installment increase for the houses and lands purchased from them. A salary increase of 11.55% will be given to civil servants for the first 6 months of this year. WHAT WILL HAPPEN TO TOKİ INSTALLMENTS?When determining TOKİ installments, it bases its calculations on the civil servant salary increase rate, CPI, and PPI, and increases the installments based on the lowest of these rates. HOW MUCH WAS THE LAST INSTALLMENT INCREASE?The last installments saw an increase of 24.73% for new projects, 19.49% for projects transferred from the Turkey Real Estate Bank to TOKİ, and 19.49% for installment payments for lands sold by the administration. TOKİ will announce the new increases as soon as possible.
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