Housing crediting and urban development in Turkey.

Kasar, Cere
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.


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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.