Politics · Turkey · 14 hrs ago
Turkey plans social housing to help reduce inflation
Deputy President Cevdet Yılmaz presented Turkey’s 2027 budget proposal to a parliamentary commission.
He said the government wants social and rental housing projects to increase supply and improve access to homes.
The plan is meant to help curb inflation by addressing housing supply, rather than only demand.
The government estimates inflation will be 28.4% at the end of 2026 and aims to bring it down to 21% by the end of 2027.
Yılmaz also said public spending, excluding earthquake-related costs, would be kept under control as the budget deficit is gradually reduced.
The budget proposal and the 2025 final accounts proposal are now being discussed by the commission; the government says it will keep working to reduce inflation until it reaches single digits.
Turkey plans social and rental social housing projects to increase housing supply and support efforts to reduce inflation.
Vice President Cevdet Yılmaz announced the plans while presenting the government’s 2027 budget proposal.
Yılmaz said the projects aim to improve access to housing and support inflation-fighting through supply-side policies.
He said the government aims to lower consumer price inflation from an estimated 28.4% at the end of 2026 to 21% by the end of 2027.
Yılmaz also said the government intends to keep public spending under control, excluding earthquake-related spending, and gradually reduce the budget deficit.
- Who
- Turkey’s Vice President Cevdet Yılmaz announced the plans.
- What
- The government plans social and rental social housing projects to increase housing supply and support efforts to reduce inflation.
- When
- Yılmaz made the announcement during 2027 budget discussions. The article was published on 21 October 2026.
- Where
- The presentation took place at the Turkish parliament’s Plan and Budget Commission.
- Why
- The projects are intended to increase housing supply, improve access to housing and support efforts to reduce inflation.
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- Projects
- Social housing and rental social housing
- Inflation target
- 21% by the end of 2027
- 2026 inflation estimate
- 28.4% at year-end
- Budget
- 2027 central government budget proposal
- Announced by
- Vice President Cevdet Yılmaz
What people are saying
Social housing and rental social housing projects aim to increase housing supply, improve access to housing and support the fight against inflation through supply-side policies.
We aim for consumer price inflation, estimated at 28.4% at the end of 2026, to fall to 21% by the end of 2027.
We will maintain our determined stance until we permanently reach single-digit inflation rates.