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Real estate appraisal law in Turkey

On the date of 2/15 of  2019, a new law  was issued by the Ministry of Environment and Urbanization in Turkey under No. 1/2019 stating that the real estate appraisal is required by a real estate company or real estate expert approved by the Ministry of Environment and Urbanization before the owning the property and before it is registered in Land Registry Department

Bellus Homes  is dedicate This article to you to inform you about the details of obtaining a real estate appraisal law in Turkey

What is the aim of the real estate appraisal law in Turkey

 

:Each law issued has specific goals, so the real estate appraisal law has specific goals, they are

  1. Protecting the rights of foreign and Arab investors from exploitation and selling them real estate at a value greater than the actual value

  2. Get more real estate investment opportunities in the Turkish market

  3. To maintain credibility of sale and purchase and to facilitate it

  4. Preventing tax evasion in the fields of real estate and construction

  5. Raise and maintain the reputation of the Turkish real estate market in foreign markets

  6. Determine the price requested by the seller

  7. Helping the buyer to set a fair price for the property

?What should the real estate evaluation report contain

 

The real estate appraisal report should contain important items, none of which can be abandoned

:​Real Estate Appraisal Report Terms

  1. Real estate registry information

  2. The address and location of the property and the surrounding transportation

  3. The legal audit of the property

  4. Interior properties specifications such as decoration, floor, design and view

  5. Structural and technical properties

  6. Record the factors affecting the real estate appraisal

  7. Investigate the real estate market for similar property prices

  8. The result that contains the approximate price of the property and its real estate appraisal

The report is submitted within one to 3 days

?What are the factors that affect the property

  1. Natural and Environmental Factor

  2. The economic factor in the location of the property

  3. The social circumstance of the location of the property

  4. The location of the property and its total area

  5. Construction condition and age  of the property

  6. The value of the monthly or annual returns

  7. Cleanliness of the property legally in the real estate registry

?Is the real estate evaluation report in Turkey mandatory

Yes, the real estate must be evaluated before completing the sale and purchase process, what you need to know is that the evaluation report for the real estate must be attached to the official documents of the property

? Who can issue a real estate appraisal report

The evaluation report is written by specialized companies licensed by the Banking Regulatory and Supervision Organization

This organization depends on listing the names of the licensed companies on an official website

Any report from unlicensed companies not mentioned on the official website will not be accepted

?What is the validity of the real estate evaluation report

The validity of a real estate appraisal report is executed three months after its release date

We provide you with different properties that suit your requirements and they are 100% legal, and not only that

We appoint a lawyer to provide you with all the necessary data for the property and the list of real estate stamping by the official departments

Bellus Homes offers a comprehensive service package to you

For your  inquiries and questions, you can contact us via our phone number or through our pages on social media, where your questions will be answered by the most important real estate experts

 you can view all the services we offer here

?Why Bellus Homes

As a leading company in the field of real estate sales in Istanbul, we provide you with various guarantees and services, including:

We guarantee the credibility of our work with you

We provide a guarantee from the Turkish government after the acquisition of receiving the monthly investment return

A specialized team with experience dealing with all your requirements

Our services do not only include real estate insurance, but also include everything related to it in facilitating papers and transactions, following up on stays, and many more

don't hesitate to contact us on the following number

0090 552 556 22 22

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