1. The process of transition to a value-based distribution model in the Turkish land readjustment system.
- Author
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Uzun, Bayram, Yıldırım, Volkan, Çoruhlu, Yakup Emre, Yıldız, Okan, Terzi, Fatih, and Atasoy, Bura Adem
- Subjects
VALUATION of real property ,INDUSTRIAL capacity ,INFRASTRUCTURE (Economics) ,CLIMATE change ,VALUATION - Abstract
The Turkish Land Readjustment (LR) System is a area-based system. The system is based on the principle of equal land contribution in return for the increase in value that will occur with the LR implementation. However, the applied area-based method is criticized because it does not ensure equality, does not include the construction of technical infrastructure and social facilities, is not participatory, and does not bring the increase in value to the public. For this reason, a study has been initiated by the Ministry of Environment, Urbanization and Climate Change to diversify plan implementation tools. The article presents the results of the study regarding the value-based LR model. According to the findings of the research, as an alternative to the current area-based LR System in Turkey, the application of the value-based method will add a new dimension to the Turkish LR System. The fact that the country has a developed cadastral system ensures that area-based LR is carried out healthfully. However, the inadequacy of the valuation infrastructure makes the transition to value-based LR difficult. In Turkey, suddenly switching to value-based practices without a well-established valuation infrastructure may completely stop the existing parcel production capacity. For this reason, alternative models should be gradually incorporated into the system by eliminating the shortcomings of the current method. In the article, short, medium and long-term suggestions are presented for the management of the transition process, in line with the findings obtained from the research in the Turkish LR System. • Turkish Land Readjustment (LR) is an area-based. • The Turkish LR lacks both equality and infrastructure services. • Value-based method can give Turkish LR System a new dimension. • Weak valuation system impedes value-based LR (vb LR). • vb LR should be put into gradually practice. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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