{"id":11064,"date":"2024-06-25T10:54:15","date_gmt":"2024-06-25T07:54:15","guid":{"rendered":"https:\/\/stayinvestment.com\/?p=11064"},"modified":"2024-12-04T20:52:53","modified_gmt":"2024-12-04T17:52:53","slug":"expert-assessment-of-real-estate-in-turkey-is-no-longer-mandatory-for-all-buyers","status":"publish","type":"post","link":"https:\/\/stayinvestment.com\/en\/news-en\/expert-assessment-of-real-estate-in-turkey-is-no-longer-mandatory-for-all-buyers\/","title":{"rendered":"Expert Assessment of Real Estate in Turkey is no Longer Mandatory for all Buyers"},"content":{"rendered":"

Expert assessment is no longer needed. But not everyone. Changes have been made to Turkish legislation on the document flow procedure for the purchase and sale of real estate by foreign citizens.<\/span><\/p>\n

Previously, all foreign citizens had to order an expert assessment of real estate when concluding a purchase and sale transaction. This is now mandatory only if a foreigner is purchasing property with the intention of applying for Turkish citizenship, and an expert assessment of the value of the property is required to confirm the requirements for obtaining citizenship. The assessment is submitted to the Land Registry and Cadastre Office of Turkey before the transaction itself.<\/span><\/p>\n

Also, the General Directorate (Department of Foreign Affairs) reserves the right to request a property valuation report if it deems it necessary.<\/span><\/p>\n

You can study the update here<\/a><\/span>.<\/span><\/p>\n

The cost of an expert assessment is 13,200 Turkish lira (data subject to change), you can save on procedural costs.<\/span><\/p>\n

An expert real estate appraisal report is a document that firstly protects the buyer when concluding a transaction. It contains absolutely all the information about the object. All legal nuances of real estate will be identified and indicated, including data on the seller\u2019s owner\u2019s debts to government agencies, if any, and any other nuances.<\/span><\/p>\n

For your own peace of mind, you can order this report. The buyer pays for it. The assessment is carried out by an independent expert – only licensed organizations of the Banking Regulatory Agency (BDDK) have the right to assess real estate in Turkey. Their activities are controlled by the Turkish Capital Markets Board (SPK).<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Expert assessment is no longer needed. But not everyone. Changes have been made to Turkish legislation on the document flow procedure for the purchase and sale of real estate by foreign citizens. Previously, all foreign citizens had to order an expert assessment of real estate when concluding a purchase and sale transaction. This is now […]<\/p>\n","protected":false},"author":10,"featured_media":11060,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"yoast_head":"\nExpert Assessment of Real Estate in Turkey is no Longer Mandatory for all Buyers - Stay Investment<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/stayinvestment.com\/en\/news-en\/expert-assessment-of-real-estate-in-turkey-is-no-longer-mandatory-for-all-buyers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Expert Assessment of Real Estate in Turkey is no Longer Mandatory for all Buyers - Stay Investment\" \/>\n<meta property=\"og:description\" content=\"Expert assessment is no longer needed. But not everyone. 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