A real estate appraisal report, also known as a property valuation report, is an official
document that determines the true market value of a property.
In Turkey, this report is essential for ensuring transparency and fairness between the buyer and
the seller.
Foreign citizens are legally required to obtain a property valuation report before completing a
title deed (tapu) transfer in Turkey.
It is also expected that this requirement will soon apply to Turkish citizens as well.
Why Is the Property Valuation Report Important?
A property valuation report is not merely a formality — it is a critical step in establishing a fair
and transparent real estate transaction.
• For buyers: it protects you from overpaying by providing an accurate market
assessment of the property.
• For sellers: it ensures you receive the true worth of your real estate asset.
Moreover, appraisal reports play an important role in regulating Turkey’s real estate
market.
Before this system was implemented, some sellers used to understate or overstate
property values for tax or citizenship advantages.
With the appraisal system, the government has created a more transparent and
trustworthy market environment for all parties.
Frequently Asked Questions About Real Estate Appraisal in Turkey
Is a property valuation report mandatory for foreign buyers and sellers?
Yes.
Foreign citizens must obtain a property valuation report from an SPK-licensed valuation
company when buying or selling real estate in Turkey.
How is a property valuation report prepared?
Certified property valuers conduct a detailed on-site inspection of the property.
They analyze factors such as location, physical condition, age, construction quality, and
comparable sales within the same area.
Market trends and recent transactions are also considered to determine a realistic and data-
based market value.
How can I get a property valuation report in Turkey?
To get a valuation report, you must apply to a valuation company licensed by the Capital
Markets Board of Turkey (SPK).
At Landmark Titan Realty, we simplify this process for our clients.
When you buy or sell property with us, our team handles the entire appraisal procedure on
your behalf—quickly, professionally, and free of hassle.
Which documents are required for a valuation report?
Applicants should provide:
• A valid passport or ID
• A copy of the title deed (tapu)
• The property’s full address or parcel number
What information does the appraisal report include?
A standard property valuation report in Turkey includes:
• The property’s location and coordinates on the map
• Interior and exterior photographs (including construction-stage images if
applicable)
• Legal and debt status of the property
• Occupancy (iskan) information
• Estimated market value
• Comparable property prices in the same area
• Local infrastructure and investment details (schools, hospitals, malls,
parks, transportation, etc.)
These details help buyers assess both the current value and the future investment
potential of the property.
How long does it take to get the report?
In metropolitan cities like Istanbul, Ankara, or Antalya, a valuation report is typically completed
within 3 business days.
In other regions, it may take up to 6 days.
How long is the valuation report valid?
The report remains valid for 3 months from the date of issue.
If the property is not sold within this period, a new report must be issued.
However, if the same property is re-evaluated within one year, only 30% of the current fee
applies.
Can I request a revision of the report?
Yes.
If you wish to update or correct any details, you can request a revised version by paying 50% of
the current valuation fee.
Is an appraisal required for off-plan or under-construction properties?
Yes.
Valuation reports can also be prepared for off-plan or under-construction properties.
In these cases, the report includes the current construction stage and an estimated value upon
completion.
At least three photographs (interior and exterior) must be provided to support the report.
Is the valuation report mandatory for Turkish citizens?
Currently, it is not mandatory for Turkish citizens unless they are applying for a mortgage loan.
Banks use valuation reports to determine the loan amount based on the property’s true market
value.
However, experts predict that the requirement will soon become mandatory for all property
transactions in Turkey.
Can I trust the appraisal report?
Absolutely.
All valuation reports in Turkey are prepared by state-regulated, SPK-licensed professionals and
are fully objective and data-driven.
At Landmark Titan Realty, our experienced real estate advisors review each report with you to
ensure you make a secure and informed investment decision.
Landmark Titan Realty: Your Trusted Real Estate Partner in Turkey
At Landmark Titan Realty, we are dedicated to providing transparent, professional, and
reliable real estate services.
From start to finish, our clients enjoy a smooth buying and selling experience backed by expert
legal guidance.
As part of our commitment to excellence, we offer a free property valuation service for clients
who buy or sell through our agency.
With over 20 years of experience and a multilingual team of real estate professionals, we help
you find the best investment opportunities across Turkey’s most desirable regions.
Contact Landmark Titan Realty today to discover your dream home and enjoy a secure property
investment experience in Turkey.
Phone: +90 850 309 6983
E-mail: info@landmarktitan.com