New housing model to be announced tomorrow: Everyone will be able to invest

Minister of Environment, Urbanization and Climate Change Murat Kurum will introduce an investment model that will launch a new era in the housing sector at a meeting to be held in Istanbul tomorrow. With this system, called the real estate certificate, the way will be paved for low- and middle-income citizens to invest in housing projects. The project will be implemented in cooperation with the Housing Development Administration (TOKİ) and Emlak Konut Real Estate Investment Trust (GYO).

The Ministry is preparing to take another step that will provide a solution to the housing shortage, in line with the principle of a social state. Having previously intervened in the housing problem with social housing and urban transformation projects, the Ministry has now brought to the agenda a model that will provide investment opportunities to wider audiences in partnership with Emlak Konut GYO and TOKİ.

In the new system, citizens who want to purchase real estate certificates will be able to access these certificates by opening investment accounts at banks or brokerage firms. In the housing projects included in the system, the market value of each apartment will be determined by taking into account features such as location, size, number of rooms, floor, and premium value. Certificates will be priced according to these values and offered to the public.

Within the scope of the project, each apartment will be divided into small shares. In this way, it will be possible to invest with lower amounts without paying the full high costs required to buy a house. Investors will be able to become partners in housing projects without obligations such as down payments, loans, interest, or installments.

Those who do not have enough money to buy a house but become partners in the project by purchasing real estate certificates will also be able to benefit from the future value increase of the property. These individuals will also be able to buy and sell the certificates they own on the stock exchange, thus gaining both liquidity and investment flexibility.

In the new model, many cumbersome and costly processes encountered in buying and selling homes, such as title deed transfers, sales transactions, and real estate commissions, are also eliminated. Thanks to real estate certificates, investors will be able to trade instantly through the system, even if they do not physically own the property.