President Recep Tayyip Erdoğan spoke at the Urban Transformation Projects Turnkey and Groundbreaking Ceremony in Gaziosmanpaşa Square.
The highlights of President Recep Tayyip Erdoğan’s speech are as follows:
We shared the good news that natural gas will be free for the first month and had an early feast. Today, we will experience two festivals together with our good news of urban transformation.
There may be some difficulties in the daily life of our nation. We are trying to minimize it with the measures we take.
While we have renovated 3.3 million houses with urban transformation, we have built 1.2 million houses with TOKİ so far. We are accelerating urban transformation, especially in Istanbul.
We are starting a new mobilization. 1.5 million independent units in 39 districts in Istanbul underis.
We need to add 300 thousand houses every year. 98 thousand houses are under construction. Today, we are delivering keys to beneficiaries in Gaziosmanpaşa, Esenler and Başakşehir and laying new foundations.
We are starting a much larger transformation project. We will implement 3 projects, each consisting of 500 thousand residences. We will build 500 thousand residences on the European side and 500 thousand on the Anatolian side.
We will implement 3 projects, each consisting of 500 thousand residences. We will build 500 thousand residences on the European side and 500 thousand on the Anatolian side.
The state will cover half of the cost of the houses that are transformed
We see today as the starting date for the transformation of Istanbul. We will share our 2 good news. The name of our first gospel; Half of Us in Urban Transformation project. We, as the state, will cover half of the cost of the houses that have been transformed.
Let’s say 1.5 million costs were incurred for the conversion of a 100 square meter 2+1 house, we will put 750 thousand of this as a grant. For 120 square meters 3+1, it will increase to 900 thousand, which is half of 1 million 800 thousand.
It will be able to pay its debt with 10 percent cash and the rest with 10-year maturity figures. 5 thousand 625 for 750 thousand borrowing, 900 thousand installments will be at the level of 6 thousand 750 liras.
Even those who do not have savings will be able to own a safe house by borrowing money from the government and in a way that they can pay for themselves. We will make all these transformations with the assurance of TOKİ. We provide the opportunity to use a loan of 1 million 250 thousand liras with 0.74 interest to those who want to transform their own parcels.
If someone’s greed has a share in the rise of inflation and price increases, we pursue it.
“We will have completely solved inflation next year”
As long as this brother of yours is in power, the interest cannot rise and the interest will constantly decrease. You will see that inflation will decrease along with the interest rate.
Just as we removed the obstacles ahead, we will have the inflation issue under control by the end of this year, and we will have solved it completely next year.
We finished with the IMF in 2013. They said that the government should borrow from them, we said we will not and we did not. I said to the head of the IMF, I can manage this place, you cannot. After 2013, we have no business with the IMF.