Main PageAs a first step, any property owner should personally apply to any company authorized by the Ministry, the municipality or the Ministry of Urbanization and Environment to determine whether their building is risky or not.The tenant does not have the right to a risk assessment, but can apply to the relevant municipality or ministry. It is at the discretion of the municipality or ministry to accept or reject this request.
After the report is submitted to the administration, if the building is found to be unfit, it must be evacuated within 60 days. If requested, an additional 30 days are given. After 90 days, the building's electricity, water and natural gas are cut off.
Once the report is approved and finalized, eviction notices must be sent to tenants.
According to the zoning regulation, the project and surveys of the new building are being prepared. According to regulation number 6306, a decision report must be prepared and at least a 2/3 majority must be provided with the land share ratios.
If a 2/3 decision is made, a notice must be sent to those who object or disagree with the decision and a period of 15 days must be given. If those who disagree with the decision do not sign the decision and the contract within the notification period, an application must be made to the relevant public administration for the share sale transactions to be carried out and the share sale must be carried out.
A construction contract must be made with the licensed contractor who will do the construction. After the building is evacuated by agreement, an application for rental assistance must be made if desired. If desired, property owners must apply for a conversion loan for the construction of the building.
The maximum loan amount for urban transformation is 600,000 TL. For beneficiaries who own more than one independent section, a maximum loan of 3 million TL can be used.
In urban transformation loans, there is an annual interest support of 6 percent for standard housing, 6.5 percent for housing with a Class B energy efficiency certificate, and 7 percent for housing with a Class A energy efficiency certificate. In addition, VAT was reduced from 18 percent to 1 percent in new construction areas within the scope of the transformation project.
After the building is evacuated, security measures should be taken and the demolition of the building should be carried out by a licensed demolition contractor. Mortgage and other rights continue on the land share.
A construction permit application must be made in line with the projects prepared in accordance with the regulations of the relevant municipality.
After the construction is completed, a draw should be made, taking into account the location of the flat in the old building, and an application should be made for the condominium title deed.
Mr. Ozkan has been extremely helpful in the rental process of our new Consulate General building and has made our job much easier with his competence. For these reasons, we, as the Consulate General of Bangladesh in Istanbul, are grateful to him.
I was pleased to meet Mr. Ozkan, who is a person with high level of interest and concern, and who has an enlightening and helpful profile in his work. I wish him continued success in his professional life.
We met Mr. Ozkan during our land sale. He left us with a very positive impression with his personality that loves his job, is attentive, knowledgeable, experienced and honest. I gave him power of attorney during our shopping process because I was selling remotely and I did not experience the slightest problem. I am very happy to have met him.
I can say that it is the most honest and sincere real estate office I have ever worked with and encountered. Mr. Ozkan was always with us from the beginning to the end of the process. We cannot repay him. It is definitely a place that should be preferred. I preferred Mr. Ozkan again in 2022. He works very honestly and devotedly. Thank you for everything.
From the very beginning, Mr. Ozkan showed us that he is a good real estate consultant and answered all our questions without delay. Such reliable professionals are not always available in the market. We thank him for all his help.