With the earthquake, the housing problem reached such dimensions that the construction sector could not cope.
It is estimated that approximately 14 million of our citizens were affected by the earthquakes in Kahramanmaraş and 350 thousand houses became unusable.
While this was the case, the housing problem, which Turkey has not been able to solve for the last few years, has become more serious.
The housing problem, which is only seen in big cities, has become a common issue in Turkey, when the earthquake victims' need for a house is added to the search for a house by citizens who do not trust the house they live in.
In addition to the loss of life and injuries in the earthquakes in Kahramanmaraş, serious destruction also occurred.
It is estimated that at least 350 thousand houses became unusable in the earthquake, which affected approximately 14 million citizens.
The housing problem has increased exponentially, as our citizens, whose houses were destroyed after the earthquakes, migrated to different cities and our citizens who did not trust their homes in the provinces that were not affected by the earthquake were also looking for a house.
While this was the case, exorbitant housing prices only in big cities started to become a problem for the whole country.
Real estate experts, who made special statements to the Milli Gazete, explained the dimensions of the housing problem in Turkey after the earthquakes.
“CONSTRUCTION SECTOR DOES NOT HAVE SUPPLY POWER TO MEET THIS DEMAND”
Real Estate Analyst Hatice Kolçak said in a statement to our newspaper, "We were already having problems in housing supply for the last few years, the construction industry could not meet the demand. With the earthquake, Turkey lost a serious building stock. This has led to an increase in the housing problem in Turkey. In addition, a wave of migration of earthquake victims to other cities began. This will lead to an increase in the demand for housing in the cities where earthquake survivors go. The increasing demand for solid structures and houses on solid ground will also cause prices to increase much more at certain points. In addition, our citizens, who do not trust the house they live in in the provinces that were not affected by the earthquake, started to look for housing. As a result, the demand for housing continues to increase faster, but the construction industry does not have the supply power to meet this demand."
“THE VALUE OF SOLID BUILDINGS WILL RAISE”
Explaining how the housing market will be shaped after the earthquakes, Hatice Kolçak said, "After this process, solid structures will gain value rapidly. We can say that the rate of price increase will decrease in structures that are not resistant to earthquakes. However, house prices will continue to rise in any case. Only very old and seriously risky structures may see a price decrease. This process will continue for six months. But as a result, there is still a serious problem in housing production. We may talk about urban transformation intensively for a few years, but in the short term, it does not seem possible for Turkey to renew the housing stock and replace the old buildings with earthquake-resistant buildings. At this point, Turkey needs to be funded and the costs of the construction sector need to decrease."
“DEMAND FOR HOUSING STILL HIGH”
Stating that earthquakes increase the demand for housing more, Real Estate Investment Specialist Güven Yenisu pointed out the economic problems in Turkey.
"After the earthquakes, the lack of supervision in the construction sector came to the fore. While there is an unreliable construction sector due to the lack of supervision, the demand for housing is still high. The biggest reason for this is that housing investment has become more attractive than ever before. The fact that the construction sector has become the locomotive sector in the Turkish economy has clogged the system for the last few years due to the increase in costs. After the earthquakes, we see the effect of this more clearly. At this point, it is very difficult for people to buy a house that consists of 4 walls," he said.