1. Introduction Urban transformation in Turkey is a large-scale, multi-stakeholder public policy especially aimed at renewing buildings at risk of natural disasters and re-planning cities—predominantly in major metropolitan areas. Established under Law No. 6306 on Transformation of Areas Under Disaster Risk, this process offers various opportunities as well as legal risks for foreign investors. 2. General Legal […]
1. Introduction Urban transformation in Turkey is a large-scale, multi-stakeholder public policy initiative aimed at renewing buildings at risk of natural disasters and re-planning urban areas—particularly in major metropolitan regions.Established under Law No. 6306 on Transformation of Areas Under Disaster Risk, the process presents attractive investment opportunities but also significant legal challenges for foreign investors. […]
Urban transformation projects in Turkey not only serve the physical renewal of cities but also present significant investment opportunities. Foreign investors have shown increasing interest, particularly in major cities with aging building stock. However, those planning to invest in this area must take into account certain specific legal regulations and risks unique to Turkish law. […]