After the presidential and parliamentary elections, which have been on the country's agenda for the past year, the eyes turned to the economy again.
The construction sector, which feeds many different business lines and is described as the locomotive of the economy, wants to compensate for the stagnation experienced in the first 6 months of the year after the elections.
The representatives of the construction sector, who said that the housing need of the citizens always continues, expressed that they are ready for the moves that will accelerate the economy and employment as a sector, together with the steps to be taken by the government.
The representatives of the sector are of the opinion that VAT reduction, title deed fee reduction and suitable loan opportunities will have a positive impact on the markets in order to pave the way for the construction sector.
Gözde Group Chairman of the Board Op. Dr. Kenan Kali:
ECONOMIC MOVEMENTS MOVE THE MARKET
As a sector, we want to renew itself in the economic field. There is an expectation that important names with merit will take over the economy. Stability is very important in terms of economic progress; This stability will continue for another 5 years. When these steps are taken, the market moves. I think that interest rates will decrease in a short time and credit taps will open. This is very important to meet housing demands. But high interest rates prevent this. People need housing. I think that in the next period, citizens will move away from the dollar and turn to the Turkish lira. A new era will begin in TL. As Gözde Group, our investments in the housing sector continue. We believed and trusted this country, its youth and energy. This belief has increased even more.
Barış Öncü, Chairman of Sirius Yapı:
WE ARE EXPECTING SUPPORT AS THE INDUSTRY
The industry has been in recession for a while. People put their investments on hold completely because of the earthquake and elections. In order for everything to continue from where it left off, the wheels of the economy must now turn. The construction sector has a feature that feeds more than 200 sectors. We also have expectations to overcome this stagnation. Thousands of contractors and employees eat bread in the construction industry. We create significant employment. We appreciate the government's efforts to get citizens to buy homes. However, we, the contractors, should be provided with support such as providing affordable land and opening up agricultural land. Land prices are very high. And also; We are also experiencing negativities in terms of material supply and prices. Deed fees should be reduced, VAT should be reduced to 150 percent for houses under 1 square meters, and long-term credit opportunities should be offered to citizens. We want to continue to invest and create employment. We are ready to put our hand under the stone.
Munir Tanyer, Chairman of the Board of Tanyer Yapı:
A BALANCED POLICY MUST BE FOLLOWED IN THE ECONOMY
The election process also negatively affected the economy. Firms acted cautiously in making their investments. Housing sales also fell. People waited for the election to be concluded to make new investments. Now our nation has made its choice. In the next period, I think that after the announcement of the cabinet, the improvement efforts in the economy will gain momentum. Following a more balanced policy on the economy, especially in construction; It will also positively affect all production and service sectors. The earthquake and the election process that our country went through are now over. The need of people for solid and qualified housing continues in the same way. In this sense, İzmir is a preferred city for its climate, tourism, transportation and other infrastructures. Demand continues to come both from all over the country and from different parts of the world. We continue our investments in order to respond to these demands.
Gülçin Okay, Chairman of the FCTU Board of Directors:
SUITABLE LOAN OPPORTUNITY MUST BE OFFERED
In the process after the election, it is important to reduce the loan interest rates and to use them under appropriate conditions. Citizens need loans to buy housing. Our nation made its choice, the government continues its duty. From now on, the same economic strategy will continue. There is an expectation of a rise in the dollar. I think that after a week and 10 days, the environment will become clearer. The demand and need for housing still continues. I think that the real estate sector will become even more active in the summer months if suitable loan opportunities are offered.
Doğan Kaya, Chairman of the Board of Erkaya İnşaat:
LAND MUST BE PRODUCED FOR NEW HOUSING
There is an expectation of a movement in the construction sector after the election. In this regard, the government's new moves in the economic field will also determine the course. Land and input costs in the construction sector have increased a lot. New housing construction also decreased; Housing sales fell. The expectation of citizens to live in solid and new houses still continues. After the earthquake, the society became very conscious. Living in the city center is no longer as important as it used to be. Conscious people do not insist on space. He decides to sit at the points where the ground is more solid. Based on the fact that İzmir is an earthquake zone, new lands need to be produced. For this reason, it is important to implement the regulations as soon as possible so that both contractors and investors can take action.
Özkan Yalaza, General Manager of Real Estate Service Partnership (GHO):
WE ARE EXPECTING LOW INTEREST LOAN
Currently, the real estate sector is in anticipation of low-interest housing loans. Public and private banks cannot meet the current loan demand. Real needy people cannot access the necessary financing to buy new housing. People can only buy a new house by selling a house and adding to it. My first home campaign with an interest rate of 0.69, which was announced a while ago, did not reach enough people. Currently, there is an expectation in the housing sector that 'the price of unsold houses will decrease'. However, this does not seem possible due to high construction costs. Housing prices will continue to rise. Since the beginning of 2023, there has been a 30 percent contraction in housing sales. If new credit opportunities are provided, there will be a movement in housing sales.