TOKİ and REITs: Dominating Housing Actors in Turkiye and their Design Approaches

Demirci H., Zengel R.

6th International Conference of Contemporary Affairs in Architecture and Urbanism (ICCAUA-2023), Istanbul, Türkiye, İstanbul, Turkey, 14 - 16 June 2023, pp.109

  • Publication Type: Conference Paper / Summary Text
  • City: İstanbul
  • Country: Turkey
  • Page Numbers: pp.109
  • Dokuz Eylül University Affiliated: Yes


In Turkiye, after 1950’s accessible housing started to emerge as a problem and in years slum areas created a necessity for

urban transformation. In addition; global wars and other natural disasters has been playing important role in Turkiye’s

housing market. When it comes to mass housing production for alternative income groups in Turkiye; two big parties are

TOKİ and REITs in means of economic power. As a governmental agency TOKİ is responsible for large-scale housing projects

to provide affordable housing and their design approach prioritizes functionality, with an emphasis on meeting the basic

needs. On the other hand, REITs aim in housing market is to generate income for investors and their design approach focuses

on enhancing the value of the property thru prioritizing aesthetics and amenities that appeal to buyers. The result of the

comparison between TOKİ and REITs design approach is also different in social and psychological dimensions.

Keywords: Architectural Design; Mass Housing Production; TOKİ; REITs; Turkiye.