ASIA
Countries
AHI has carried out projects in, has blogs and/or resources on the countries below.
Turkey
Activities
2007, April, Istanbul
7th Turkish Real Estate Summit
Activities: Presentation
Invited to serve on a panel by the Turkish non-governmental organization GYODER, David Smith spoke on on the potential impact of the new mortgage law and on the urgent need to promote affordablehousing in Turkey. His presentation stressed that:
- Turkey would become a two-tiered society of wealthy owners and poor "own-nots" if the considerable housing affordability gap resulting from the booming real estate market were not addressed.
- Government must step up its financial committment to affordable housing.
- This would best be done in public-private partnership, because markets and government have complementary capacities and weaknesses.
- Government should adopt some form of credit enhancement, whether by mortgage insurance or other weaker forms, to cut interest rates immediately for a targeted group of borrowers, without necessarily spending public monies.
Resources
Housing Development Administration of Turkey (TOKI)
Has an overview of the main principles underlying housing policy in Turkey and a pdf file of the Mass housing Law.
Turkish Real Estate Association (GYODER)