Türkiye Housing Supply: Economic Board Review
- Top economic authorities in Türkiye convened Wednesday to address the nation's housing affordability crisis and evaluate the progress of its economic strategy.
- Vice President Cevdet Yılmaz led the Economic Coordination Board (EKK) meeting, which included ministers overseeing finance, trade, labor, energy, industry, and agriculture.
- Aggressive monetary tightening, initiated in mid-2023, coupled with stable energy prices, has halved Türkiye's annual inflation rate.
Türkiye’s Economic Coordination Board met Wednesday to confront teh nation’s housing supply crunch and wrestle with persistent inflation. The Economic Coordination Board reviewed progress on its inflation-focused economic program, homing in on measures to expand housing availability and improve affordability, crucial for citizens. Key discussion points included structural reforms in housing, food, and the energy sectors. Vice President Cevdet Yılmaz led the meeting with top economic officials to address these pressing issues, including Turkey’s export competitiveness. news Directory 3 brings you the latest from the meeting. What policies will be announced in the weeks ahead? Discover what’s next …
Turkey Addresses Housing Supply and Inflation Concerns
Updated june 11, 2025
Top economic authorities in Türkiye convened Wednesday to address the nation’s housing affordability crisis and evaluate the progress of its economic strategy. The primary focus remains curbing inflation while boosting the nation’s export competitiveness.
Vice President Cevdet Yılmaz led the Economic Coordination Board (EKK) meeting, which included ministers overseeing finance, trade, labor, energy, industry, and agriculture. Senior central bank officials also participated. This marked the fourth EKK meeting this year.
Aggressive monetary tightening, initiated in mid-2023, coupled with stable energy prices, has halved Türkiye’s annual inflation rate. In May,inflation dipped to 35.4%, a meaningful drop from approximately 75% a year prior. The EKK affirmed that the disinflation process, underway sence June 2024, is proceeding as planned. They credited the economic program with strengthening Türkiye’s macroeconomic stability and enhancing the economy’s resilience.
The board also examined structural reforms impacting the housing, food, and energy markets. Discussions centered on strategies to enhance Türkiye’s export capabilities amid increasing global economic uncertainty and trade protectionism. Officials specifically targeted the energy sector, a major contributor to Türkiye’s current account deficit, exploring policies to reduce external dependence and improve supply security. The housing supply and rental price trends were reviewed, with consideration given to concrete measures to increase housing availability and improve housing affordability.
The EKK emphasized ongoing efforts under the new Investment Incentive System,designed to promote high-value investments and stimulate regional development.
What’s next
Further policy announcements regarding housing initiatives and economic adjustments are expected in the coming weeks as Türkiye continues to navigate its economic program.