Expert Assessment of Real Estate in Turkey is no Longer Mandatory for all Buyers
Expert assessment are in many cases no longer required when foreigners buy poperty in Turkey. But there are exceptions. Changes have been made to Turkish legislation on the document flow procedure for the purchase and sale of real estate by foreign citizens.
In the past, all foreign buyers were required to obtain an expert property assessment when completing a purchase and sale transaction. However, this requirement is now mandatory only for foreigners purchasing real estate to apply for Turkish citizenship (Turkish Citizenship FAQ, Turkish Citizenship Guide). The expert assessment must be submitted to the Land Registry and Cadastre Office of Turkey before the transaction takes place. For more information on how to acquire Turkish citizenship through property investment, please refer to our detailed article: Turkish Citizenship by Property Investment.
Note: The General Directorate (Department of Foreign Affairs) reserves the right to request a property valuation report if it deems it necessary.
The cost of an expert assessment is 13,200 Turkish Lira (data subject to change, October 2024).
An expert real estate appraisal report is a document that firstly protects the buyer when concluding a transaction. It contains comprehensive data about the property under inspection. Rights and restrictions regarding the house or apartment will be addressed, including building permits, construction dates and permission status from the responsible municipality.
For your peace of mind, you can, of course, order this report even in non-mandatory cases. It is customary in Turkey for the buyer to cover this cost. The assessment is conducted by an independent expert—only licensed organizations approved by the Banking Regulatory Agency (BDDK) are authorized to perform real estate evaluations in Turkey. Their activities are overseen by the Turkish Capital Markets Board (SPK).
You can check the official government page for all regulations regarding foreigners and property transactions in Turkey here.
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