Urban Renewal Valuation

Urban Transformation Reporting Services

The concept of Urban Transformation, rooted in the Law No. 6306 on the Transformation of Structures under Disaster Risk, addresses Turkey’s pressing need for improved living conditions in disaster-prone areas. This law aims to establish procedures and principles for the enhancement, liquidation, and renovation of buildings, ensuring the creation of safe and healthy living environments that adhere to scientific and artistic standards.

The initiative envisions the demolition of buildings that have reached the end of their economic life and pose safety risks, followed by the reconstruction of these structures using state-provided incentives. In this context, property owners often encounter numerous uncertainties across various topics.

Our team serves as a crucial link between the government and citizens, providing comprehensive reports on all matters related to urban transformation. Our consultancy services encompass:

• Preparation of current situation analyses and value determination reports.
• Development of reports for reorganizing land shares in accordance with Article 3 of the Condominium Law.
• Creation of Ministry Valuation Reports for the sale of land shares requested by the Urban Transformation Directorate of the Ministry of Environment and Urbanization.
• Preparation of existing project goodwill reports.
• Development of new project (Preliminary Project) goodwill and positioning reports.
• Conducting price analysis and valuation studies for new projects.
• Generating comparative reports between properties.
• Calculating participation share rates and distribution values in urban transformation areas.
• Determining ownership rights.
• Presenting projections and scenarios for the project’s future.

Developing databases and transformation models for urban regeneration areas.