Recently, the Expertise Laws in Turkey have changed significantly, especially in the field of valuation of half-built or under-construction projects. These changes have caused the valuation of these projects to change to a great extent compared to the built properties around them. Stay with Sun & Sands civil and immigration services company to get detailed information in this field.
Effect of being under construction:
One of the main effects of these changes is the valuation of almost half of the price of the projects under construction. Because these projects are not yet completed and are under construction, the valuation is such that it justifies that these projects are worth less than their surrounding properties.
Difference in value based on construction status:
This change in Expertise Laws has caused semi-built projects to have a different value compared to completed properties due to their construction status. This value difference is actually considered as an important factor in the decisions of buyers and investors in the housing market.
Impact on the housing market:
These changes have caused the Turkish housing market to face new dynamics. Individuals and investing companies, in their decisions to invest in projects under construction, now have to make decisions according to the relative value of these projects compared to the surrounding properties.
State property construction companies in Türkey:
In the Turkish housing market, there is a group of state-owned property construction companies that do not need expertise to sell half-built or under-construction properties due to the specific characteristics of their projects. Due to their government status and direct relationship with the housing sector, these companies have more influence in the process of selling their properties.
State property of companies:
These companies, as representatives of the government, have access to appropriate resources and facilities, which makes them reduce the need for expert services in the evaluation and valuation of their properties. They usually benefit from their experience in the field of construction and development and are recognized as reliable cases in the housing market.
Sales process without expertise:
Due to the government’s role in these companies, the process of selling half-built or under-construction properties is done under the government’s supervision. This means that these companies do not need expert services in the sales process and instead use their internal resources and expertise to evaluate properties.
Impact on the housing market:
State-owned property development companies play an important role in regulating and balancing the housing market by not requiring expertise in selling their properties, especially in the semi-built or under-construction category. These features may influence the decision of buyers and investors to choose these types of properties.
The reason for the approval of this law by the government:
This decision of the government causes small real estate companies that cannot complete the real estate project to go away. Only large and reliable builders and government companies should continue construction in Turkey.
final word:
The recent changes in Turkey’s expertise laws have clearly had an impact on the valuation of semi-built and under-construction projects and have challenged the housing market. These changes allow investors and buyers to be more careful in their decisions about buying or investing in these types of projects.
State-owned property developers in Turkey, due to their state-owned nature and strong internal resources, have demonstrated their ability to sell semi-built or under-construction properties without the need for expertise. This issue affects not only companies but also the housing market.
With years of experience in buying real estate in Turkey, we are ready to introduce prestigious projects and government projects to you dear ones in Turkey. You can contact our experienced experts in Turkey through communication channels. We will be ready to answer all your questions in this field. Follow us on Instagram to get the latest information and Turkish property news.
