The government’s newly penned draft legislation dealing with 2B status property is complete… Accordingly, sales of 2B properties, land which had dropped from forest status, will now be based on the current market value, 10,000 TL will be paid in advance and there will also be fixed five-year term options.
After long deliberations, the government is finally nearing reaching a solution for land belonging to the Treasury, which is no longer classified as forest status. All legal obstacles were lifted with the passing of the recent referendum allowing for a change in regulations for these particular types of property sales. The 2B legislation draft, prepared by the Treasury and the Ministries of Environment and Public Works, is headed for the assembly in February. According to AK Party Group Deputy Chairman Canikli, sales will now be based on the current market value and, "The new regulations for 2B classified land will go into effect by March at the latest." ACCORDING TO THE LAND'S LOCATION Plans are to collect 10,000 TL from title owners as an initial application cost to be appropriated later. This said cost will be determined according to the position of the land, county or province. Those who choose to do so, may divide the cost into five-year payments.
APARTMENTS TO SELL IN SHARES If land contains a high-level structure, like an apartment; then first the base value will be determined, followed by a calculation of the amount of shares for each unit. Sales for the beneficiaries will be conducted in shares.
The parcels of land under the 2B qualification make up 3.4 percent of the Istanbul metropolis and their sales are anticipated to rake in 20 billion TL in revenue.
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