Brief Summary
This video discusses a new government digital system in Turkey called the Value Information Center, designed to bring transparency to the real estate market. It addresses current issues like price speculation and discrepancies between advertised and real prices. The system, supported by AI, aims to provide real market values, real estate analysis, and an interactive 3D map of Turkish cities. This will benefit investors by providing accurate data and regulating the market, while also aiding the government in urban planning. The system is expected to launch in Istanbul in the spring of 2026 and expand to all Turkish states by the summer of 2027.
- Introduction of Value Information Center to increase transparency.
- Benefits for investors and government.
- Launch timeline: Istanbul (Spring 2026), all Turkish states (Summer 2027).
Current Real Estate Market Challenges
The Turkish real estate market currently suffers from inflated prices, speculative pricing, and significant gaps between advertised and actual values. Sellers, buyers, and brokers have unrealistic expectations, leading to a volatile market resembling Bitcoin or stock trading rather than a regulated real estate environment. It's common to encounter advertised apartments that are supposedly sold, with brokers offering similar units at significantly higher prices, highlighting the need for market correction.
Introducing the Value Information Center
The Value Information Center, a government digital system powered by artificial intelligence, is introduced to bring transparency to the Turkish real estate market. This system allows anyone, including foreign investors and local officials, to access the real value of properties with ease. It aims to provide accurate market values, moving away from speculative prices and illusions, by calculating land costs, taxes, and returns to determine an approximate property price.
Key Features of the New System
The Value Information Center includes three main features. First, it offers real market value assessments, providing clarity on property prices. Second, it uses AI for real estate analysis, identifying areas of high demand, oversupply, and unusual pricing, while also flagging unjustified price increases or drops. Third, it features an interactive 3D map of Turkish cities, allowing users to explore properties, check prices, construction dates, expected returns, and taxes, all accessible through the system's website.
Benefits of the Value Information Center
The new system benefits various stakeholders by fostering transparency in the real estate market. Investors, both foreign and Turkish, will gain confidence due to increased transparency, encouraging further investment. The market will experience better regulation, reducing price speculation. The government and municipalities can leverage the system's data on prices, supply, demand, and transactions for urban planning, enabling them to allocate resources for services like schools and hospitals based on accurate data.
System Availability and Advice
The Value Information Center is scheduled to launch in Istanbul in the spring of 2026 and expand to all Turkish states by the summer of 2027. For those planning to buy property in Istanbul within the next two years, it's advisable to prepare for a more transparent real estate experience. The video concludes with advice to follow the channel for real estate investment news and to engage in communication for informed decision-making.
