GYODER, the Association of Real Estate Investment Companies, expects a new mortgage finance scheme to energise much more than just the country’s housing market, writes Metin Demirsar.

Gyoder, the Istanbul-based Association of Real Estate Investment Companies, is gearing up for a national housing finance system that is expected to galvanise Turkey’s construction industry and property market, allow middle and low-income families to become home owners, fuel economic growth across the country and draw in foreign investment. Turkey’s Grand National Assembly is slated to pass legislation on a legalised mortgage system at the start of 2006.