AI Era in Real Estate Valuation Is Gaining Momentum in Turkey
"Anadolu Agency: AI technologies are cutting real estate development costs by 37% and making properties 20-30% more affordable. Woven's Burak Ustaoğlu spoke to AA about AI-powered valuation systems."
The AI Era in Real Estate Valuation Is Gaining Momentum in Turkey
Artificial intelligence technologies, whose adoption is accelerating across every sector globally and in Turkey, are now driving a fundamental transformation in real estate. AI systems that analyze rental yields, value appreciation potential, and supply-demand dynamics are helping construction firms reduce costs and enabling investors to receive detailed analyses aligned with their long-term expectations. Turkey's Ministry of Environment, Urbanization and Climate Change is also planning to launch a Value Information Center — a digital platform designed to collect, analyze, and share market value data on properties nationwide.
AI Makes Properties 20–30% More Affordable for Citizens
Real estate investment advisor and software engineer Burak Ustaoğlu told Anadolu Agency that Woven is already using AI-powered real estate valuation systems in its Dubai projects and has begun rolling them out in Turkey as well. Citing Morgan Stanley Research data, Ustaoğlu stated: "Firms can achieve 37% savings today simply by using AI technologies — leveraging AI at the production stage to select the right location, project concept, and design."
Underlining the direct impact on housing affordability, Ustaoğlu added: "This enables citizens to access properties at 20–30% lower prices. As construction developers make more intensive use of AI technologies, our citizens will be able to own apartments at significantly more affordable prices."
Virtual Assistant Answers Real Estate Questions in 80 Languages
Ustaoğlu explained that Woven's AI-powered virtual assistant allows investors to benefit from AI at every stage of the property buying journey: "When customers call our firm, they speak with our virtual assistants and can get answers to all their questions — from comparing locations across multiple projects to finding properties that match their budget." He emphasized that the assistant serves both Turkish and international investors in 80 languages, with the most frequently asked question being the future valuation of the property being considered for investment.
AI Designed a Project in Turkey: Sapanca and the Tuscany Concept
Describing a concrete AI-driven project development initiative in Turkey, Ustaoğlu explained that by scanning internet search engines, official sources, and social media trends, they built a large data pool and tasked AI with finding the ideal location: "We asked the AI: 'We want to propose a project for our investor groups from Gulf countries — can you give us the right location?' It identified Sapanca as receiving very high demand and suggested that projects developed in this region could represent a strong opportunity. It then immediately recommended an Italian Tuscany-inspired concept for the development."
