العربية
A real estate appraisal report in Turkey is a document that specifies the true market value of a property based on defined real estate criteria.
It is a crucial document required for property transfers and is also needed for various transactions, including obtaining Turkish citizenship through property ownership or investment.
Information included in the real estate appraisal report comprises:
- Report Information.
- Land Registry Information.
- Location, Transportation, and Surroundings Information.
- Legal Auditing related to the property.
- Technical, structural, and physical specifications of the property.
- Factors affecting the valuation.
- Specific information for the valuation approach.
- Real estate market research and investigation.
- The conclusion.
This report is essential for ensuring the protection of foreign investors from real estate fraud in Turkey and is required when transferring property.
ownership or pursuing citizenship through property investments or ownership.
Restrictions and boundaries.
Attachments.
What is the purpose of obtaining a real estate appraisal report?
- Establishing a real estate appraisal system in Turkey.
- Providing a safe investment environment that generates a sense of security for foreign investors.
- Protecting the rights of investors and knowing the true property value.
- Preventing deception of investors by some unscrupulous individuals who try to exploit their lack of knowledge of laws and real property values.
- Preventing tax evasion within the construction and real estate sector.
How to obtain a real estate appraisal report?
There are two ways for investors to request a real estate appraisal report electronically through the “Web Tapu ” website or application, and these two methods are:
1-Obtaining the report from licensed companies:
Investors can request a real estate appraisal report from independent companies licensed by the Banking Regulation and Supervision Agency (BDDK).
which is the government agency responsible for publishing a list of these officially licensed appraisal companies on its website.
2- Obtaining the report from a committee appointed by the Land Registry:
- The second method is to request a real estate appraisal report from a specialized committee appointed by the Turkish Land Registry and Cadastre Directorate.
- Their task is to send an expert team to the property’s location, conduct a study, and prepare the necessary report.
Validity of the real estate appraisal report in Turkey:
The real estate appraisal report is valid for 90 days from the date of issuance, and if the property is sold within this period, the same report can be used more than once.
How can the fees for the appraisal report be paid?
According to Article 63 of the Fees and Charges Law, payment is based on the prevailing rate for the property on which property tax is calculated.
provided that it is not lower than the declared sale price.
Property appraisal reports contribute to curbing the rise in property prices in Turkey and the seller’s demand for figures without relying on.
a scientific and technical mechanism to determine the correct property price, based on the per square meter property value in the area.
taking into account the property type, location, position within the building, quality, view, services, and other criteria that determine.
the precise property price before it is mentioned in the official property appraisal report
