Sharing of Scrap Revenues from Demolished Buildings in Urban Transformation
Revenues obtained from scrap and materials from old buildings demolished through urban transformation in Istanbul are distributed according to contracts.
The sharing of the economic value generated by scrap and second-hand materials coming out of buildings demolished during the urban transformation process in Istanbul is clarified through contracts signed between the parties, offering a revenue potential ranging between 250 thousand and 750 thousand liras.
Material Value Formed in Demolished Buildings
With the acceleration of urban transformation efforts across Istanbul, the materials coming out of the interior of demolished old buildings present a significant economic value.
Parts Valued as Second-Hand and Scrap
While working combination boilers, air conditioners, and radiators found in old apartment buildings are evaluated in the second-hand market, copper cables, brass faucets, aluminum joinery, and metal doors provide scrap revenue.
The largest financial item in this process consists of construction rebars separated from the reinforced concrete structure.
Rebar Quantities in the Load-Bearing System
It is stated that a typical old apartment building with approximately 20 flats, 5 floors, and a size of 1,500 to 2,000 square meters contains an average of between 27 and 68 tons of gross construction rebar in its load-bearing system.
To Whom Scrap Revenues Belong
There is no general rule stating that the revenues from scrap and second-hand materials coming out of demolished buildings will automatically remain with the contractor.
The Determining Role of Contracts
The contracts made between the property owner and the contractor clearly regulate who will be bound by scrap revenues, and the sharing of rights between the parties is shaped according to these documents.
Possibility of Deduction from Demolition Cost
In exchange for the materials that demolition companies will obtain, it is also possible for these amounts to be deducted from the demolition cost.
Market Value and Sector Estimates
According to information shared by representatives of the scrap recycling sector, the total market value of metal and plumbing materials recovered from a standard-sized building demolished in Istanbul ranges between 250 thousand and 750 thousand liras.