Housing crediting and urban development in Turkey.

Download

index.pdf

Date

2019

Author

Kasar, Cere

Metadata

Show full item record

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Item Usage Stats

365
views

198
downloads

One of the most significant problems in developing countries relates to housing finance. Long-term housing assets are securitized during economic recessions, and the use of real estate as collateral to obtain bank credits creates fictitious growth in the economy. In the vicious circle, where most investments are made into the construction sector every year, it is the rural areas that strive to develop around the cities that suffer the most. The present study puts forward a good practice model to steer proper lending processes and healthy urbanization in urban areas. A strong link exists between the banks and the real estate sector. Due to the rapid growth in the construction sector, the lending volume of banks has increased, while defaults in the repayment of loans made to different income groups leads to both economic bottlenecks and unscheduled construction, resulting in unplanned and uncoordinated urbanization. This thesis addresses the issue of financing in the construction of housing for the purposes of planned urbanization, without which, non-coordinated financing would lead inevitably to a crisis situation. This thesis suggests that investments in urban areas lead to the construction of housing that disregards to the actual needs and capacities of cities. In the conclusion, policy proposals are put forward that would support the efficient and effective supply of housing credits, leading to the fulfillment of social objectives through rational urban and regional planning. Particular focus will be on the relationship between housing credits and urban planning, and the nature of an effective housing finance policy.

Subject Keywords

Mortgage banks, Mortgage banks, Banks, housing loans, urban space, construction sector.

URI

http://etd.lib.metu.edu.tr/upload/12624821/index.pdf
https://hdl.handle.net/11511/45567

Collections

Graduate School of Social Sciences, Thesis

Suggestions

OpenMETU
Core

Housing affordability of different income groups in turkey: regional comparison Aksoy, Esma; Özdemir Sarı, Özgül Burcu; Department of City and Regional Planning (2017) Housing affordability has been a major topic of interest both for researchers and policy makers in many countries. However, in the Turkish case, research on housing affordability is scarce. The problem of housing has usually been considered as a quantitative deficiency problem in Turkey, and for many decades any other dimension of the problem is neglected. Increasing the housing stock in numbers has always been given priority by the Turkish governments. This tendency to support new housing production has co...
Housing Layout Reconsidered In Societal Context: A Case Study In Switzerland Lawrence, Roderick J. (Middle East Technical University, Faculty of Architecture, 1996-1-01) Housing units are material products of society that define and delimit domestic space for households. They provide shelter and protection for daily activities. The fact that housing units in the same society have quite different shapes and sizes, and that they are built with a range of construction materials suggests that, beyond pragmatic factors, others are of at least equal importance in determining their layout, construction, and meaning. Therefore, it is necessary to develop an understanding of those c...
Mortgage systems and the adaptation of mortgage system in Turkey : analyzing the housing loans Çobandağ, Melike; Yılmaz, Özlem; Department of Business Administration (2010) An efficient housing finance system has significant importance both in meeting the housing needs of individuals and in reinforcing the development of the construction, finance and other related sectors of an economy. Today, developed countries have advanced housing finance systems in which funds flow from savers to home-buyers by the mortgage markets. On the other hand, despite its recognized economic and social importance, housing finance often remains under-developed in developing countries mainly due to ...
Financialization Of Housing And Mortgage Debt Repayment Strategies Of Households In Turkey Suvar Aslan, Ahmet (Middle East Technical University Faculty of Architecture, 2021-12-01) Housing is a complex phenomenon with social, economic and political dimensions. It is also an expensive fixed asset that can be used and consumed for centuries. Due to the considerable amount of capital required for the realization of housing projects, a mutually supportive relationship is established between the finance and the housing sectors. Mortgage loans are the major tools provided by financial institutions to households for acquisition of housing. On the other hand, mortgage loans usually constitute...
International neoliberal development regime and regional development banks (African Development Bank, Asian Development Bank and Inter-American Development Bank) Hecan, Mehmet; Tayfur, Mehmet Fatih; Department of International Relations (2017) This thesis aims to illuminate regional development banks’ (RDBs) role in global diffusion of neoliberal policies since the early 1980’s. In this regard, it argues that along with the Bretton Woods Institutions (BWIs), the RDBs have also facilitated the spread of neoliberal policies, as these banks have practiced similar conditional/policy-based lending. In order to better explain the complementary roles of BWIs and RDBs within an analytical framework, the thesis employs the international relations (IR) con...

Citation Formats

C. Kasar, “Housing crediting and urban development in Turkey.,” Thesis (M.S.) -- Graduate School of Social Sciences. Urban Policy Planning and Local Governments., Middle East Technical University, 2019.