Housing Purchase Bonds Usage Rate Rises to 47 Percent

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Turkish Construction Material Industry Association (İMSAD) May 2017 The Sector Report also examined the problems that families and households face. Taking into consideration the data provided by TUIK (Turkish Statistical Institute), the report on the evaluation of 3 important problems that families or households live with their houses; 40 per cent of the households were exposed to leaking roofs, damp walls, rotten window frames, 42.6 per cent of them were unable to warm up due to the isolation of the dwelling, and 20 per cent of the rooms were dark and lack of adequate light.

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In Turkey, it is stated that the rates of having the first two problems are very high in the households, and both quality of construction, quality of construction materials and application quality are closely related to each other. In addition, despite the improvements in building standards, it was emphasized that the problems in both areas are related to the insufficiency of water and water insulation, the dark rooms with wrong architecture and planning, and the noise pollution in environmental problems. According to the report, which reflects the housing and environment problems of the households, it has been noted that the improvement or renovation of the existing houses reflects a considerable potential for the construction and building material industry.

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According to the results of May, there were reports that there was a decline in construction permits received in the first quarter of the year, and that there was a weakening of new job demand during construction. According to the report, in the first three months of 2017, the building permits received decreased by 15 percent in the number of buildings, 17.2 percent in area, 3.6 percent in value and 11.6 percent in terms of number of apartments. In the total of January-March of 2017, While the total surface area of ​​buildings is 45 million square meters; 25.4 million square meters of housing, 10 million square meters of non-residential buildings, and 9.6 million square meters of common space.

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In the first quarter of the year, it was stated that the speed of completion of works was increased and the use of new stocks was requested to a considerable extent. Building permits received in the first quarter of the year increased by 22 percent in square meters to 39.3 million square meters.

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