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Valuation Report Requirement

Valuation Report Requirement

Valuation Report Requirement in the Purchase and Sale of Real Estate in Turkey

Istanbul property value rise

What is the purpose of this regulation?

The valuation report shows the market value of the real estate. It is the basis for determining the real value of the property and creating the value map by using these data according to the needs.

On which date the request of the valuation report started, to be able to make transactions for foreigners in the deed?

After 04.03.2017, foreign real persons are required to have their valuation report prepared and approved in accordance with the procedure before the purchase and sale of the title deed.

For which transactions are required to prepare a valuation report?

For all of the sales transactions of foreigner persons, a valuation report will be sought. The valuation report shall not be used in the purchase or sale of the real estate of the companies or companies of foreign natural persons or their partners.

Will we pay the trading fee of the property according to the appraisal report when we trade in the deed or will we pay according to the amount of the sales amount we declare?

As before, the trading fee of real estate will be paid on the declared transfer price of the real estate, not less than the real estate tax value.

As Estist we provide valuation report service to our clients for all purchase & sales.

 

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