Fresh electronic mechanism designed for curtailing skyrocketing property values in the real estate market.
Ankara - Turkey, in a bid to modernize and centralize its real estate market, is launching a project called the "Value Information Center" (Değer Bilgi Merkezi) by the first quarter of 2026. Initially implemented in Istanbul, the system seeks to spread across the country's 81 provinces by mid-2027.
The Value Information Center will offer an AI-powered digital platform that aims to provide accurate, comparative, and real-time property valuations. By presenting the market value of each property, including land plots and individual units, the system promises to tackle distortions and manipulations in housing and land market prices.
In addition, the implementation will integrate advanced 3D city modeling tools. These digital twins of cities will provide essential data infrastructure for urban transformation, taxation, disaster management, and infrastructure planning.
Upon the launch, Istanbul will see a pilot phase targeting high-risk areas, with a nationwide rollout planned for mid-2027. This initiative is part of ongoing efforts to resolve long-standing issues like 2B land registration, aiming to issue title deeds to eligible users by the end of 2025.
The move could significantly improve transparency, reduce tax losses, and support informed investment decisions in Turkey's property market. Additionally, the project holds immense importance for disaster-prone provinces, as heightened data visibility will facilitate effective disaster preparedness and infrastructure planning.
Environment, Urbanization, and Climate Change Minister Murat Kurum underscored the project's potential impact on disaster management, asserting that it would contribute significantly to disaster preparedness. The Value Information Center underlines Turkey's commitment to embracing digital solutions for urban transformation, taxation, and disaster management.
The Value Information Center in Turkey, set to launch in 2026, will not only revolutionize real estate valuation through AI-powered technology (finance) but also provide essential data for urban transformation and disaster management (technology). This project, slated for national expansion by 2027, will equip educators and self-development enthusiasts with valuable resources for understanding urban landscapes and infrastructure planning (education-and-self-development). Furthermore, the significant data visibility offered by this initiative will aid in informed investment decisions in the property market (general-news) and contribute to effective disaster preparation, particularly in provinces prone to disasters (general-news).
