Mandatory Property Valuation Report for Foreigners Buying Real Estate in Turkey
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Foreign nationals who wish to purchase real estate in Turkey — such as apartments, houses, land, offices, shops, or hotels — are required to obtain an official property valuation report during the transaction process.
This regulation aims to:
✔ Determine the true market value of the property
✔ Prevent inflated sales prices
✔ Ensure transparency and fairness in foreign investments
What is a Property Valuation Report?
A property valuation report is an official document that determines the current market value of a real estate asset at the time of purchase.
In Turkey, for property sales to foreign buyers, this report:
➡️ Is mandatory
➡️ Has legal validity
➡️ Must be prepared by a Capital Markets Board (SPK) licensed Real Estate Valuation Expert
Without this report, the title deed transfer (Tapu) process cannot be completed.
Who Can Prepare the Valuation Report?
Only:
📌 SPK-licensed Real Estate Valuation Experts
are authorized to prepare valuation reports for foreign property purchases.
Reports prepared by real estate agents or other market participants do not have legal validity.
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Validity Period of the Valuation Report
The property valuation report is valid for:
📅 6 months
If the transaction is not completed within this period, a new valuation report must be obtained.
Importance of the Valuation Report for Residence Permit
Foreign nationals who purchase property in Turkey may apply for a residence permit.
To qualify:
➡️ The purchased property must be worth at least USD 200,000
This value must be officially confirmed through an SPK-licensed valuation report.
Importance of the Valuation Report for Turkish Citizenship
Foreign investors may also obtain Turkish citizenship through real estate investment.
To qualify:
➡️ The property must have a minimum value of USD 400,000
Again, this value must be verified by an official valuation report prepared by an SPK-licensed expert.
Conclusion
Obtaining a property valuation report is a mandatory step for foreign nationals purchasing real estate in Turkey.
Prepared by licensed professionals, this report:
✔ Confirms the real market value of the property
✔ Enables completion of title deed transactions
✔ Serves as an official requirement for residence permit and citizenship applications
For foreign investors, the valuation report is an essential part of a secure and compliant property acquisition process in Turkey.
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