Kayseri Foundations Directorate Auctions 17 Residential Properties

The Kayseri Regional Directorate of Foundations, operating under the General Directorate of Foundations of the Ministry of Culture and Tourism, is offering a significant portfolio of residential properties for sale through a public auction. This initiative aims to divest foundation-owned assets, generating revenue that can be reinvested into various public services and cultural heritage projects.

The auction features 17 distinct residential units, spread across desirable locations within Kayseri's Melikgazi and Kocasinan districts. These properties, detailed with their addresses, specifications, and appraised values, represent an opportunity for individuals seeking to acquire real estate in the region. The listings include details such as apartment numbers, net usage areas, and the orientation of the units, providing potential buyers with comprehensive information.

The bidding process is scheduled for June 25, 2026, commencing at 10:00 AM. The appraised values for these properties vary considerably, with the lowest starting at 1,900,000 Turkish Lira and the highest reaching 9,000,000 Turkish Lira. Correspondingly, the required provisional deposit amounts also range significantly, reflecting the differing market values of the units.

This auction is a standard procedure for managing state-owned or foundation-held assets in Turkey. It ensures a transparent and competitive process for the sale of these properties, allowing the Directorate to maximize returns while adhering to legal and administrative requirements. The proceeds from this sale will contribute to the foundation's mission of preserving and promoting cultural heritage and supporting community initiatives within Kayseri and beyond.