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WAW Agenda

System to provide balance to the sector: Real Estate Valuation System

The works for the Real Estate Valuation System to bring balance by eliminating the price differences in the real estate sector continues rapidly.

The real estate valuation system included within the scope of the 2019 Presidency annual program will ensure the real estate inventory to be completed, the title deeds and the real estate taxes to be taken over the actual value. In this context, the real estate taxation system is also planned to be re-organized.

The Ministry of Environment and Urbanization announced that the database work of “real estate valuation system” will be completed next year. Thus, the difference between the declared number over the real estate tax value and the real value of the real estate will also end.