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The Failed Housing Cooperative Project of the Oriental Savings Association

Housing and Urban Rent in Istanbul in the 1880s and 1890s

Bibliographic Data

ID6017323
AuthorsYaşar Tolga Cora (0000-0002-4509-8086, Bogaziçi University, corresponding author)
Year2023
Publication date2023-12-31
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueYıllık: Annual of Istanbul studies (JOURNAL)
Journal identifiersISSN: 2687-5012 • E-ISSN: 2687-5691
PublisherSuna ve İnan Kıraç Vakfı Kültür ve Sanat İşletmesi (PUBLISHER)
DOI10.53979/yillik.2023.4
OpenAlexW4390454649
LanguageEN
Citations received1
References cited4

The role of housing cooperatives in the urban history of late Ottoman Istanbul has not been examined. This study examines the foundation and activities of one such cooperative, Arewelyan Dndesagan Miutiwn / Cemiyet-i Tasarrufiyye-i Şarkiyye (Oriental Savings Association), a company established by a group of Armenian entrepreneurs in 1886. The company aimed to purchase a large track of waqf land in extra mural Istanbul, divide it into plots, and then sell them to its members through installments for the purpose of building residences. As the land gained value through the years of the company’s operation, an increasing number of people from across different communal, occupational, and gender backgrounds subscribed to the project. However, the company remained an Armenian enterprise in the eyes of security-minded bureaucrats and, eventually, the activities of the company were put to halt due to the criminalization of Armenians in the 1890s. The short history of Arewelyan Dndesagan Miutiwn reveals the ways in which urban rent turned into a lucrative investment cutting across different social groups

Association (psychology · Business · Economic growth · Economics · Islamic Studies and History · Medicine · Ottoman Empire History and Society · Psychology · Turkey's Politics and Society · Gerontology

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Unique citing works1
Citations per year1
Citation span2025 - 2025 (1)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 1

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