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In the first instance, the building owners or their legal representatives have the assessment carried out by an institution licensed by the Urban Renewal Presidency, and the owners bear the cost. The Presidency or the municipality may also carry out the assessment itself, or require the owners to do so within a set period.

Source: Law No. 6306, Article 3/1

Yes. Owners or their legal representatives may object within fifteen days. Objections are reviewed and decided by technical committees made up of university faculty members and Ministry and Presidency staff.

Source: Law No. 6306, Article 3/1

The decision is entered in the annotations section of the land register, the report is posted on the building, owners are notified via e-Devlet, and it is announced at the neighbourhood headman’s office (muhtarlık) for fifteen days. The last day of that announcement counts as the date of notification.

Source: Law No. 6306, Article 3/2

No. Decisions on rebuilding, selling shares, flat-for-land agreements and similar matters are taken by an absolute majority of the shareholders in proportion to their shares. In other words, owners holding more than half of the land shares can decide.

Source: Law No. 6306, Article 6/1

The majority decision and the terms of the agreement are communicated to the non-participating owners through a notary or by a fifteen-day announcement at the muhtarlık. If they do not accept the offer within fifteen days, their land shares are sold by auction to the agreeing shareholders, at no less than the market value set by the Presidency.

Source: Law No. 6306, Article 6/1

Owners are given a period of up to ninety days to have the risky building demolished. If it is not demolished within that time, the authorities demolish it, and the costs of assessment, evacuation and demolition are collected from the owners in proportion to their shares.

Source: Law No. 6306, Article 5/3-4

During implementation, if the Presidency, TOKİ or the municipality requests it, and after hearing the right holders, electricity, water and natural gas are not supplied to risky buildings and existing services are suspended.

Source: Law No. 6306, Article 4/3

Owners, tenants and limited real-right holders living in buildings vacated by agreement may receive temporary housing or rent assistance. The amount and application procedure are set by Presidential decision and updated from time to time; you can get current information from the Provincial Directorate of Environment, Urbanisation and Climate Change.

Source: Law No. 6306, Article 5/1-2

Renewal transactions under the law are exempt from notary fees, title-deed fees, municipal fees and charges, inheritance and transfer tax, revolving-fund fees and stamp duty. Municipalities also charge no fees for new floor area up to one and a half times the existing floor area.

Source: Law No. 6306, Article 7

No banking and insurance transaction tax is charged on renewal loans to owners, or to tenants and limited real-right holders who have lived in the building for at least a year. The law also allows interest support on these loans; current terms are set by Presidential decision.

Source: Law No. 6306, Articles 5/2 and 7

It is a Ministry support campaign (“Half is on us”) for the renewal of risky buildings in Istanbul, providing grants, loans and moving support to right holders. Amounts and the application deadline may change, so check the campaign’s official website before applying.

Source: Yarısı Bizden official website (Turkish)

This is not a right set by the law. The size and number of the new units depend on the plot’s current zoning and on the contract between the owners and the contractor. Before signing, confirm the floor area, floor and delivery date in writing.

We start with a free site visit and initial assessment. As your single point of contact we run every stage, from owners’ meetings, design and permits to demolition, construction and turnkey handover, and keep you informed at every step.