The Turkish real estate market is governed by numerous institutions, the most important of which are the Capital Market Board (SPK), the TKGM Registry (TKGM), and the Gabim Real Estate Information Center. Each of these institutions is responsible for a specific part of the process of ownership, transfer, and evaluation of real estate. Existing rules state that evaluation reports must be prepared by official licensed institutions from SPK, and especially in sensitive cases such as citizenship request through investment, only approved reports of this institution are acceptable.
With the introduction of artificial intelligence and digital tools, the need to revise these legal frameworks is felt more than ever before. One of the main challenges is to establish legal standards for validating smart models and ensuring the transparency of algorithms. Also, legal liability should be carefully determined in the event of an error or a dispute in artificial intelligence assessments.
Türkiye, with a structural background in real estate registration and laws focused on the protection of property rights, is in a favorable position to become the pioneer of AI legalization in the real estate market.
