Yavuz IŞIK
THBB Yönetim Kurulu Başkanı
President
Under the financial conditions of the forthcoming period, it is not possible for the construction and housing sector to rise through mortgage sales as the decline in mortgage sales in the first four months of the year reached 57%. In April, mortgage housing sales dropped by 68% compared to last year. This is a very serious decline. This means that as players who supply goods to the construction sector, produce construction materials, produce housing, and sell housing, we might have difficulties for the rest of the year. No benefit should be expected from the banking sector. Currently, the dynamo of the construction sector will be urban transformation and renewal of the building stock in our country. In order for housing prices not to start increasing again due to the slowdown in housing supply, a sustainable growth figure should be achieved in the number of houses built in our country, while at the same time, the building stock should be prepared for earthquakes. Thus, the construction sector will be encumbered with a great burden in the forthcoming period.