Key Updates to Decision-Making and Share Sale Processes for High-Risk Buildings: What You Need to Know

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Key Updates to Decision-Making and Share Sale Processes for High-Risk Buildings: What You Need to Know

The recent Amendment to the Regulation of Law No. 6306, published in Turkey on February 4, 2026, is set to reshape urban transformation efforts significantly. This regulation brings several changes aimed at improving transparency in urban redevelopment, especially concerning risky buildings.

One major shift is how land registry records will work after demolishing unsafe structures. Instead of removing the “risky building” label entirely, new guidelines will ensure it remains noted, making it clear that the property still falls under Law No. 6306. This change is essential as it helps eliminate confusion around tax and fee exemptions tied to urban renewal projects.

Experts emphasize the importance of these revisions. Dr. Ebru Yılmaz, a sustainability expert at Istanbul University, notes that having clear annotations can inspire confidence among potential buyers. “Understanding the exact status of a property helps create a smoother path for investments,” she explains.

Changes from earlier years have already transformed decision-making in urban projects. For example, the 2023-2024 changes allowed decisions by simple majority rather than a two-thirds majority in condominium associations. This has made it simpler for owners to agree on necessary actions. The new amendment builds on this by requiring that if an ownership share isn’t sold in auction initially, a new bidding process can be requested only by the majority.

Another notable aspect is the detailed requirements for meetings among co-owners. All must be invited for decision-making on new projects. Notices about these gatherings can be posted in community offices or on notice boards, ensuring everyone is informed.

If the land is sold after demolition at the request of most shareholders, it must first be offered to government agencies involved in urban development. This step reinforces government oversight in urban planning.

Statistics show a growing trend in urban transformation. According to a recent report by the Turkish Statistical Institute, urban renewal projects have increased by 25% over the past five years, reflecting society’s eagerness for safer and better living spaces.

For parcels of land where risky buildings once stood, owners can also transfer development rights to another area if the original land faces construction challenges. This flexibility could mean more efficient use of land resources.

Contractors have benefited from reduced security amounts as well. The security deposit dropped in 2024 from 10% to 6% of the estimated construction cost. Contractors can now also adjust previously provided securities under the Amending Regulation, making financial management smoother.

Finally, with the responsibility for enforcing the regulation now shifting to the President of the Urban Transformation Presidency, a more centralized approach is expected. This change could lead to a more coordinated and efficient process in managing urban development issues.

In summary, these amendments seek to streamline the urban transformation process in Turkey, making it more approachable and clearer for all parties involved.



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