24.10.2025 17:01
President Erdoğan announced the details of the 500,000 social housing project. The Century's Housing Project will enable homeownership with a 10% down payment and a 240-month installment plan, featuring 2+1 and 1+1 apartments. The down payment, payment terms, and total prices for the apartments, which will be 80, 65, and 55 square meters, have also been revealed. Here are all the details of the Century's Housing Project...
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President Recep Tayyip Erdoğan attended the "Century's Housing Project Program" held in Başakşehir. Erdoğan announced that the houses in the project, which includes 500 thousand residences, will be offered for sale with monthly installments starting from 6,750 lira, a 10% down payment, and a repayment period of 240 months. Stating that the starting price of the residences will be 1 million 800 thousand lira, Erdoğan emphasized that the project does not consist solely of houses, but will also include 500 "neighborhood houses" with daycare centers, health centers, sports areas, and social facilities, creating new living spaces.
Erdoğan also noted that special quotas have been allocated for different segments of society in accordance with the principle of a social state, stating that 20% of the residences will be allocated to young people, 20% to retirees, and 5% to the families of martyrs, veterans, and disabled citizens. Erdoğan announced that applications will start on November 15, 2025, and added that the first deliveries are aimed to be made in March 2027.
HERE ARE THE DETAILS OF THE CENTURY'S HOUSING PROJECT 500 thousand residences will be built in all 81 provinces. The houses to be constructed will be 80, 65, and 55 square meters. 100 thousand of the 500 thousand residences are allocated to Istanbul, with a total of 100 thousand residences to be built on both sides of the city. 30 thousand 780 residences will be built in Ankara, 21 thousand 520 in Izmir, 13 thousand in Bursa, Gaziantep, and Konya, and 12 thousand in Hatay and Diyarbakır. 5% quota for families of martyrs, veterans, and the disabled, 10% quota for families with three or more children, and 20% quota for retirees, while 20% quota will be allocated to young people aged 18-30. The residences to be built will consist of 1+1 and 2+1 apartments. The buildings will be designed according to horizontal architecture. The residences will be paid for with monthly installments starting from 6,750 lira. The sale price will start from 1 million 800 thousand lira. The residences will be offered for sale with a 10% down payment and a repayment period of up to 240 months. WHEN WILL APPLICATIONS BE OPEN? Applications will be made through Ziraat, Halkbank, and Emlak Katılım Banks and via e-Government. Applications will be collected from November 10 to December 19, 2025.
DELIVERIES WILL START IN MARCH 2027 The drawing of lots for determining the rights holders will be held between December 29, 2025, and February 27, 2026. The residences will start to be delivered in March 2027.
WHO CAN APPLY? Those who are at least 18 years old and have been a Turkish citizen for at least 10 years can apply for the project. Applicants, including their spouses and children, must not own any property. The household's monthly net income must not exceed 145 thousand TL for Istanbul and 127 thousand TL for other provinces. (Families of martyrs and those disabled due to terrorism, war, and duty will be exempt from this condition.) In the places where applications will be made (if it is a province, then in the province; if it is a district, then in the district; if it is a town, then in the town), it will be required to have resided there for at least one year prior to the application period according to the address-based registration system. For retirees and provinces affected by earthquakes, a population registration or at least one year of residence will be required. WHAT WILL THE PAYMENT PLAN BE LIKE? The sale price of 55 square meter 1+1 residences in provinces outside Istanbul has been set at 1 million 800 thousand TL. A 10% down payment (180,000 TL) will be offered with a repayment period of 240 months. The monthly installment for these residences will be 6,750 TL. The sale price of 65 square meter 2+1 residences in provinces outside Istanbul has been set at 2 million 200 thousand TL. A 10% down payment (220,000 TL) will be offered with a repayment period of 240 months. The monthly installment for these residences will be 8,250 TL. The sale price of 80 square meter 2+1 residences in provinces outside Istanbul has been set at 2 million 650 thousand TL. A 10% down payment (265,000 TL) will be offered with a repayment period of 240 months. The monthly installment for these residences will be 9,938 TL. PAYMENT PLAN FOR ISTANBUL The sale price of 55 square meter 1+1 residences in Istanbul has been set at 1 million 950 thousand TL. A 10% down payment (195,000 TL) will be offered with a repayment period of 240 months. The monthly installment for these residences will be 7,313 TL. The sale price of 65 square meter 2+1 residences in Istanbul has been set at 2 million 450 thousand TL. A 10% down payment (245,000 TL) will be offered with a repayment period of 240 months. The monthly installment for these residences will be 9,188 TL. The sale price of 80 square meter 2+1 residences in Istanbul has been set at 2 million 950 thousand TL. A 10% down payment (295,000 TL) will be offered with a repayment period of 240 months. The monthly installment for these residences will be 11,063 TL. ```