Increasing real estate sales in Turkey is possible with the help of the solidarity economy.

Federal Credit Control Bureau (FCB) of Turkey announced statistics on home sales in September 2023. According to the data, home sales across Turkey decreased by 9.5% to 102,656 units compared to the same period last year, while mortgage home sales decreased by 50.2% to 8,446 units in the same period.

Commenting on the decline in housing sales and mortgages in Turkey, Eyüp Akbal, Chairman of the Finance Sector Council of the Federal Financial Sector Association (FSA), said, "Every citizen of the Republic of Turkey can become a homeowner without a loan, without interest and without even paying a down payment by using an alternative financing model, the Mutual Economy. "

Turkish''Statistical Institute (TURK)

Meanwhile, the Turkish Statistical Institute (TURK) released statistics on home sales in September. The TURK data shows that home sales and mortgage housing sales declined in September. Home sales across Turkey fell 9.5 percent in September compared to a year ago, while mortgage home sales fell 50.2 percent.

The chairman of the Finance Sector Council of the Federal Financial Sector Association (FSA) Eyüp Akbal, who represents the Savings Finance Sector in legislation as an alternative financing model, said that people can become homeowners according to their budget by utilizing Mutual Aid Savings. Akbal emphasized that the decline in home sales and''Mortgages have been linked to rising house prices, high interest rates and making access to finance more difficult. He said: "Although sales made through Mutual Savings are not considered formal mortgage housing sales, as payments on completed homes continue to be made, practically it can be considered a mortgage housing sale. From this perspective, our deliveries represent about 7% of total mortgage housing sales.".

Akbal also added: "As representatives of the savings financing sector, we are companies that provide financing for people's housing needs and are in a state of spiritual activity.

Akbal also revealed the features of the savings financing system, saying: "In the savings financing system, people can become homeowners by choosing a model through a draw or an individual model. In the draw system, people who have joined the group pool their economic strength so that one person becomes a homeowner every month. For this purpose, each month a draw is held under the supervision of a notary and the lucky person gets the right to buy their home. In the individual model, people, by making payments in contracted and agreed amounts, get the right to buy their homes in advance'. 'certain date'.

Akbal also emphasized that the savings financing sector can give a contribution to many other sectors in addition to increasing home sales. He concluded: "The savings financing sector not only helps to increase home sales, but also creates added value for the construction and real estate industries. In addition, a new home also contributes to the demand for household goods and furniture, contributing to the growth of these sectors. Overall, the savings financing sector allows the Turkish economy to strengthen and people to ensure access to housing according to their budgets and ability to pay, without credit and without interest.".