On February 15, 2019, the General Directorate of Land Registry and Real Estate Records, affiliated to the Ministry of Environment and Cities of the Republic of Turkey, issued Circular No. 1/2019, stressing the need for a real estate appraisal report as of the date of issuance of the decision for each foreigner.
The Tabu Directorate added that the real estate appraisal is no longer limited to investors who apply for Turkish citizenship, but has become one of the most important papers needed by foreign dealers in buying and selling real estate in Turkey.
Real estate experts in Turkey provide advice when buying a property, dealing with the real estate appraisal in detail, and the correct way to obtain this report before proceeding with the buying and selling procedures.
The real estate appraisal report mainly contains the following points:
Basic information for the real estate report.
Land registry information.
Information about the location, transportation, and general surroundings of the property.
All legal notes related to the property.
Technical specifications of the property.
Factors affecting the evaluation during its preparation.
Approach to assessing specific information.
Investigation and research procedures for the real estate market.
The result as determined by experts.
Real estate limits and restrictions.
Other attachments and notes related to the property.
