The process of intergenerational transmission of housing wealth

Download

index.pdf

Date

2003

Author

Kayıket, Aslı

Metadata

Show full item record

Item Usage Stats

223
views

0
downloads

For several decades, Turkey has witnessed increasing investments in housing. There is evidence that some households benefited from this increase. The transfer of housing assets today is also an extensive social and economic phenomenon different from the traditional processes. There are several issues related to this process the most significant being the universal concern for its contribution to wealth polarization. Supply impacts in the markets are other aspect of the same process. Since greater accumulation of housing wealth has pooled in the hands of household heads aging 50 and more, the process of housing wealth transfers will gain significance soon. No extensive study of this process has yet been made. After reviewing the factors affecting the process of wealth transfers and elaborating the institutional background of inheritance, the intergenerational property transfers in Turkey are examined with the 1994 Households Income and Consumption Expenditures Survey, The Population Census and The Death Statistics of Turkey. It is possible to develop a model to investigate the number of potential benefactors and beneficiaries and, the prospective property transferred in one year as a result of inheritance. Then, the amount of transfer taxes by Ministry of Finance could be compared with taxes realized for the same year, as one method of exploring problems of process of housing inheritance in Turkey. The results depict that in one year 30 477 individual property owners die and approximately 102 000 individuals benefit. It is concluded that property wealth is in general transferred to those who are already homeowners. It is observed that the amount to be taken by the Treasury as inheritance tax should be 13 times greater than the actual amount transferred. And finally, it is concluded that taxation system should not be the only solution for the problems in inheritance

Subject Keywords

Housing, Property tax

URI

http://etd.lib.metu.edu.tr/upload/1043058/index.pdf
https://hdl.handle.net/11511/13387

Collections

Graduate School of Natural and Applied Sciences, Thesis

Suggestions

OpenMETU
Core

Typological residential urbanism: an alternative analysis of the TOKİ housing production as a dominant type Parlak, Neris; Cengizkan, Ali; Department of Architecture (2015) Housing production in Turkey has increased enormously in recent years. Quality of the urban form as a result of this housing production is extremely significant since it directly affects the quality of Turkish cities. This thesis aims to draw attention to the potential of the concept of typology on evaluating the quality of urban form of housing environments. Thus, the thesis attempts to test the potential by carrying out a typological analysis of the housing production of TOKİ, which is one of the three ma...
Securing future of social housing: learning from an alternative regeneration/ gyldenrisparken in Denmark Bican, Nezih Burak; Cengizkan, Ali; Mortensen, Peder Duelund; Department of Architecture (2016) There has been a vast quantity of mass-housing production by the central housing authority in Turkey in the recent years. Operated in line with neo-liberal economy-policies since the beginning of 2000s, the public production has concentrated on speed of construction, quantity of dwelling units, and developing financial resource for ‘social housing’ provision by building luxury housing in profitable urban lands. However, this provision has faced criticism of various academic and non-academic circles, primari...
Understanding real estate bubbles: an analysis of the recent trends in the Turkish housing market Karasu, Mustafa Nusret; Cömert, Hasan; Department of Economics (2015) The main aim of this thesis is to determine whether there is a real estate bubble in Turkey recently, where the house prices are increasing rapidly. In order to do this, the thesis tries to define the bubble concept, by reviewing literature. The common view among economists is that bubbles are deviation of prices from their fundamentals which is associated with sudden increases in prices. We usually witness harsh economic crises after the bursts of bubbles in economies and this constitutes the source of the...
Housing as a sustainable architecture in Turkey: a research on TOKİ housing Sezer, Mete; Güzer, Celal Abdi; Restoration in Department of Architecture (2009) Turkey, as a developing country, requires substantial amount of housing stock. TOKİ (Toplu Konut İdaresi – Housing Development Administration), as the pioneer housing project builder, has a great significance in the housing production of Turkey. However both in TOKİ projects and in general, sustainability has not been a central issue for the architectural practice in Turkey. On the other hand sustainability is an in evitable issue when the environmental, social, cultural and economical benefits are concerne...
Violation of housing rights via state: as a case of Aktaş neighbourhood, Altındağ Danışan, Esengül; Ersoy, Melih; Department of Urban Policy Planning and Local Governments (2012) Housing policy has always been a critical issue of urbanisation in the history of Turkey. Different time periods, different housing provisions emerged and also different agents have played role in housing market. Moreover, the urban poor have found the solution in illegal houses, and the way people and authorities approach to these illegal houses called ‘gecekondu’ have changed from time to time. Generally, the main intention is to get rid of these ‘gecekondu’ settlements either by improving or transforming...

Citation Formats

A. Kayıket, “The process of intergenerational transmission of housing wealth,” M.S. - Master of Science, Middle East Technical University, 2003.