[REVISION HISTORY]

Istanbul rental market and TOKİ social housing

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What changed

2026-10-21 11:37 UTC → 2026-10-23 22:26 UTC · added ~~removed~~

The rental housing market in Istanbul faces pressure from strict tenant screening and urban transformation. Landlords have increasingly implemented rigorous processes, requesting sensitive personal data, Findeks credit reports, and employment documentation to ensure financial security. To mitigate rising costs, the ‘Century Housing Project’ is introducing a social rental model managed by TOKİ. ~~President Recep Tayyip Erdoğan announced the initiative aims to provide 15,000 rental units across 12 districts at rates significantly below market value.~~ Following the application period that ended on September 25, 2026, authorities ~~are~~ have begun reviewing candidates for the first phase of 1,071 units. ~~These units are distributed across districts including Ataşehir, Sancaktepe, Ümraniye, Üsküdar, Maltepe, Tuzla, Kartal, Başakşehir, Gaziosmanpaşa, Beyoğlu, Güngören,~~ Eligibility is restricted to low-income families with monthly household incomes below 100,000 TL who have resided in Istanbul for at least one year and ~~Arnavutköy.~~ do not own property. A notary-supervised lottery to select beneficiaries is scheduled for October 2026, with results accessible via the e-Devlet portal. These units ~~will be leased for three-year terms, after which a new lottery will be conducted.~~ are distributed across districts including Ataşehir, Sancaktepe, Ümraniye, Üsküdar, Maltepe, Tuzla, Kartal, Başakşehir, Gaziosmanpaşa, Beyoğlu, Güngören, and Arnavutköy. Rental rates for this phase include 1+1 units starting at 10,000 TL, 2+1 units from 12,000 to 17,000 TL, 3+1 units from 15,000 to 18,000 TL, and 4+1 units starting at 18,000 TL. Rates remain fixed for 12 months before annual adjustments based on the Consumer Price Index (CPI). Tenants must vacate the premises if they purchase a home during their three-year lease. In broader ~~development news,~~ developments, TOKİ ~~reported completing 83,504 social housing units across 58 cities during~~ is advancing the ~~first nine months of 2026 as part~~ ‘Ev Sahibi Türkiye’ (Homeowner Turkey) project, with approximately 80,000 units of the ~~‘Century Construction Mobilization.’~~ 500,000-unit goal nearing completion. Additionally, TOKİ launched a campaign offering a 25 percent discount to property owners paying off debts in full or via significant partial payments through October 19, 2026.

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