The real estate appraisal document in Turkey

In this article, we will learn about the real estate appraisal document and its importance when buying or selling a property in Turkey to foreign investors.

The real estate appraisal document is one of the important papers in Turkey, as it is prepared to estimate the value of various real estate as this document constitutes the ability to build confidence in the assets and control the various financial transactions as if you are looking to buy or sell a property in Turkey, having an appraisal document is a necessity to ensure that its value is correctly determined and a successful deal is concluded.

The concept of real estate appraisal in Turkey

Valuation is an important legal document that foreign investors use to know the value of real estate in the Turkish real estate market during the sale period and the importance of this document is to know the real property price and the stability of its market, and it is regulated by licensed companies.

The real estate appraisal report in Turkey includes a detailed description of the condition of the property to be purchased and determines its market value according to specific criteria and in order to protect against potential risks while buying real estate in Turkey, the Turkish government issued the Real Estate Appraisal Report Law to help foreign investors obtain the correct prices for the required real estate, so foreign buyers should ensure that they obtain a real estate appraisal report before purchasing real estate in Turkey.

The importance of obtaining a real estate appraisal report

The real estate appraisal document is of great importance in real estate purchases in Turkey, because it guarantees the protection of foreign investors from fraud and manipulation of real estate prices that are being purchased and in addition, it helps determine the value of the property accurately and specifically according to specific criteria, which helps to avoid financial losses and ensure very safe purchase procedures as there are also many advantages associated with the buyer obtaining a property valuation report, including assisting him in making his decision to buy and ensuring the quality of the property and its effectiveness in securing a profitable investment in the future.

Conditions for issuing a real estate valuation document in Turkey

In the beginning, the evaluation procedures must be carried out by real estate appraisal companies licensed by the Turkish Stock Exchange Authority, and applicants need valid documents, such as a passport, residence permit, and a Turkish tax number after that, the competent authority can issue the real estate valuation document, and if it is obtained successfully, the person can obtain the title deed and real estate ownership document.

What is included in the real estate appraisal report in Turkey?

The real estate appraisal report in Türkiye includes all information related to the property and in addition to its own legal audits, this report plays an important role in real estate purchases, as it helps determine the market value of the property according to specific criteria and also ensures that the buyer obtains complete information about the property, including accurate information about its condition, construction techniques used, and legal information related to it and through this report, the buyer can get a clear picture of the property being purchased, enabling him to make the right and responsible decision before purchasing.

The benefits of the buyer obtaining a property valuation report in Turkey

Thanks to the detailed report on the property to be purchased, the buyer will be able to obtain the real value of the property and know whether the prices are exaggerated or not also, verifying the safety of the property thanks to the available report will avoid the buyer the risks of fraud that he may face and in addition, the buyer will be able to save consumers time and effort in searching for detailed information about the property and the area in which it is located, as he will find it ready in the brief report available to him.

The validity period of the real estate valuation document in Turkey

Despite the importance of this document, its validity is limited as the validity of the real estate valuation document in Turkey continues for a period of three months after the date of issuance, and the buyer is obligated to renew the document if this period expires and therefore, the buyer must provide this document before placing the purchase order, and he must make sure that the date of the valuation document has not expired.

Real estate that needs a real estate valuation document in Turkey

These properties include old lands and houses that have been extensively restored or renovated, as well as luxury apartments, commercial offices and large stores as buyers must ensure that they are obtained from reliable and competent sources in this field.

When was the issuance of the real estate appraisal document approved?

When was the issuance of the real estate appraisal document approved? The issuance of the real estate appraisal document in Turkey was approved in 2019, and this procedure is considered one of the important steps in the process of buying real estate in Turkey as this measure aims to protect the rights of buyers and investors in real estate from deception and fallacies.

It also contributes to controlling real estate prices and avoiding inflation.

The cost of obtaining the real estate appraisal document

The price of the real estate appraisal document in Turkey is generally low as the price of the appraisal document for a property in Istanbul may be different from its price in a property in another city, and many other factors must be taken into account to determine the value of this document.

Extracting the document is very important for both real estate seekers and investors, as it helps them make business decisions based on objective and scientific bases.

Candidates who seek to obtain Turkish citizenship must obtain a real estate appraisal document, coinciding with obtaining the title deed for the property.

In conclusion, one of the main benefits of obtaining a real estate appraisal document in Turkey is that it attracted more foreign investors to the country and strengthened their confidence in it, and if you want to get more news regarding the real estate sector in Turkey or about the laws related to it so do not hesitate before contacting our consultant in Kataliyaproperty or following our website, where we monitor many important and varied topics and details

Related Article:

apartment prices in Turkey.

Turkish citizenship through real estate investment 2023.

Apartments for sale overlooking the Bosphorus in Istanbul.

Istanbul's earthquake resistant real estate.

types of Turkish passport.

Features of residential complexes in Istanbul.

Apartments for sale in Turkey in installments.

A comprehensive guide about real estate residence in Turkey.

A report about apartment prices in Turkey.

cheap apartments in Istanbul.

Steps to buy villas in Turkey in detail.