Real estate valuation
Real estate valuation in Turkey
Real estate valuation in Turkey is considered a fundamental factor for the protection and safety of the investor, as real estate valuation has become a mandatory element when foreigners purchase real estate in Turkey.
Real estate valuation in Turkey is a detailed report on the condition of the property to be invested where the market price of the property is displayed, and it is prepared by companies specialized in real estate valuation in Turkey and holds a license to do so, and this document is also known as: Real Estate valuation Document in Turkey
The period for obtaining the real estate valuation report document in Turkey takes from 3 days to a week, after submitting the application to the licensed company, including the period of arrival of the real estate valuation report in Turkey by mail. The real estate valuation report in Turkey is valid for three months from the date of its issuance, and whoever wants to sell the property before the end of the evaluation period for his property can use the same document again as long as it is valid and the period allocated to it has not expired.
The real estate valuation law in Turkey has been approved for all real estate sales to foreigners in Turkey for several reasons, including:
Protecting foreigners from fraud and fraud.
Increase the security of real estate investment in Turkey; The increase in the purchase of real estate in Turkey reflects the level of comfort and security that investors feel in Turkey, especially after the decision to evaluate real estate in Turkey.
Determine the conditions for obtaining Turkish citizenship through real estate investment
As we mentioned at the beginning of the article, obtaining Turkish citizenship through real estate investment requires a certain limit for the property to be a candidate for Turkish citizenship, "at least 250 thousand US dollars, and therefore the official evaluation of the property helps in controlling the application of this condition and ensuring that property prices are not tampered with or Her fraud.
Preventing tax evasion in Turkey
Adjustment of real estate prices in Turkey
Improving the regulations of the real estate sector in Turkey
The real estate sector in Turkey is one of the most successful and developed economic sectors, and indicators of escalating real estate sales to foreigners are still the best proof of this. Therefore, the government seeks intensively and permanently to support this sector with renewable systems that enable an increase in the number of investors and reduce the number of those who are afraid of real estate investment in Turkey. .
In this context, real estate valuation in Turkey and its mandatory requirement for foreigners was one of the most important improvements during 2019 in the real estate sector in Turkey, and one of the encouraging decisions to increase real estate investment in the country.
It is expected that by 2022 it will be mandatory for the Turks to also extract a real estate valuation document when buying and selling a property in Turkey, as part of a package of reforms and developments that will affect the real estate sector in Turkey. .
The real estate valuation document in Turkey contains several information, including:
Real estate registry and land registration information
Information about the address, location of the property, and nearby transportation
Legal information about the property
Special specifications inside the property, such as building, decoration, floor, design, views ... etc.
The problems and negatives facing the property
Information about the market price of similar properties
Analyzes and other information of interest to the approximate price or real estate evaluation of the property The most important idea in real estate evaluation in Turkey is to facilitate and facilitate the sale and purchase of Turkish real estate, and the continuity of development in the laws and regulations governing real estate ownership, which indicates a positive development towards creating more real estate investment opportunities in Turkey and attracting more From foreign investors