STATE SUPPORT IN URBAN TRANSFORMATION: RENT ASSISTANCE AND INTEREST WAIVERS
For property owners entering the urban transformation process, the state offers various incentives and financial support to facilitate the process. Foremost among these supports are monthly rent subsidies given to rights holders whose buildings are demolished and who are forced to relocate until their new homes are built. Rent assistance plays a significant role in alleviating the financial burden on rights holders during the transformation process. In addition to financial assistance, interest subsidies are provided for urban transformation loans obtained from banks for the construction of new buildings. Furthermore, transactions carried out within the scope of transformation projects are exempt from many bureaucratic expenses such as fees, stamp duty, and notary costs. To fully benefit from these advantages, it is essential to correctly follow application deadlines and legal procedures.
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