العربية
Real estate ownership in Türkiye The Directorate of Land Registry.
and Real Estate Survey published new amendments.
related to foreigners buying Turkish real estate.
New circular:
- The Land Registry Directorate issued Circular.
- 4 for the year 2024.
- On June 13, it included legal amendments.
- Related to the executive regulations regarding.
- the application of the Turkish Nationality Law.
- It also includes foreigners purchasing Turkish real estate.
- In terms of providing new facilities for those.
- wishing to own real estate.
Real estate appraisal report:
- Previously, it was the real estate appraisal report.
- which shows the real value of the property.
- It is required, even mandatory, in all transactions related.
- to the purchase of real estate and the transfer of ownership.
- As for the above-mentioned circular.
- it lifted the obligation to issue an evaluation report.
- on all transactions.
- Except for the transaction of obtaining Turkish citizenship.
- by purchasing a property.
- The real estate evaluation report is issued upon.
- the request of the seller and buyer before completing the deal.
- This is done through a company licensed by.
- the Ministry of Environment, Urbanization and Climate Change.
- Or a committee emanating from the Land Registry Directorate.
- and this is done through the “Web Registry” website.
- The real property price is calculated according.
- to several factors, including the property’s location and quality.
- In addition to the floor height, view, area.
- and price per square meter of real estate in the area.
- The report is sent via Turkish mail after its issuance.
- and this usually occurs within one week.
- The report is valid for 3 months and can be used again.
- If the property is resold within that period.
- The Land Registry Directorate maintained.
- the requirement to issue a real estate evaluation report.
- If the reason for the purchase is to obtain Turkish citizenship.
- The value of the property must not be less.
- than 400 thousand US dollars.
Real estate ownership in Türkiye
The new circular resolves the issue of the difference
in the value of the property financially and legally:
- comes Generalization New official To resolve.
- the issue of disagreement.
- Between the value of the property in financial documents.
- and its legal value.
- Achieving the required value of the property
- that grants Turkish citizenship.
- At 400 thousand dollars.
- According to the amendment, the Foreigners Affairs.
- Department will be the final decision maker.
- In such cases It will take the initiative to grant the decision on.
- the property’s eligibility for Turkish citizenship.
- In transactions where the difference between.
- financial documents is less than 15%.
Real estate ownership in Türkiye
How is the property evaluated in other real estate ownership transactions?
- For installment sale deals, the new amendment.
- approves the price of the property.
- According to the amount specified in the.
- currency purchase document Döviz Alım Belgesi.
- It is a document showing the sale of foreign.
- currency to the Central Bank of Turkey.
- Through an intermediary bank (private bank).
- operating licensed and officially in Türkiye.
- Accordingly, the price of the property is calculated on.
- the date of issuing the currency purchase document.
- In the evaluation reports issued after concluding sales deals.
- The value will also be recorded in the evaluation report.
- According to the amount specified in.
- the currency purchase document.
- On the date of payment of the first installment of.
- the property that is sold in installments
