24.10.2025 16:21
President Erdoğan announced the details of the "Rental Social Housing Project" to be implemented in Istanbul. He stated that 15,000 housing units will be available for rent in Istanbul, saying, "The rental agreements will be valid for a period of 3 years. The houses will be rented at half the price of the regional rents. Workers, civil servants, minimum wage earners, and young couples will be able to benefit from these quotas."
President Recep Tayyip Erdoğan announced the details of the rental social housing project initiated to curb the rising housing and rent prices in Istanbul.
In a statement made on October 4, Erdoğan drew attention to the exorbitant rent increases in Istanbul, saying, "We are starting the construction of 500 thousand social housing units in all 81 provinces. For the first time, we will launch a rental social housing campaign through TOKİ to balance the rent increases in Istanbul," he stated. In another statement on October 14, the President indicated that rent planning would now be done by the state, saying, "We are implementing a very important project regarding the high rents and housing prices. From now on, the state will handle the planning of rents," he expressed.
15 THOUSAND RENTAL HOUSES FROM TOKİ
Today, Erdoğan shared the project details, announcing that rental houses would be allocated to citizens through the Housing Development Administration (TOKİ). According to the President's statement, within the scope of the project, which will initially be implemented only in Istanbul, 15 thousand rental houses have been identified.
The mentioned houses will be rented with special quotas for workers, civil servants, young couples, and citizens included in urban transformation.
CONTRACTS WILL BE FOR 3 YEARS
President Erdoğan stated, "The houses will be rented at half the market rent price, and the rental contracts will be for 3 years. The rental contracts and houses will be under the supervision and control of our state," he said.
Here are the new rental housing application details item by item
- It will be rented by the state.
- It will be valid for 15,000 houses in the first phase.
- Rental contracts will be valid for 3 years.
- The houses can be rented at half the regional rents.
- Workers, civil servants, minimum wage earners, and young couples will benefit from these quotas.