Real estate appraisal law in Turkey .. for what?

Real estate appraisal in Turkey is one of the necessities and basics that you must adhere to when you are in the process of buying a propertyor apartment, as well as other uses, but what is it in detail, what role does it play, how can it be extracted, and what are the papers required for that? This is what you will learn about in this article.

What is meant by real estate appraisal in Turkey?

It is a document that determines the exact price of the property you intend to buy without any increase or decrease. You can consider it a shield of protection for the buyer that protects him from paying more money as a result of his lack of experience in the Turkish real estate sector. But the question here is, since when has this law been in effect?

What should be mentioned in this regard is that this law was initially obligatory only for those who wish to obtain Turkish citizenship through real estate investmentuntil it becomes clear to the concerned authorities that the matter has not been tampered with and the price raised without the property being due for that only in order to obtain it, but with the onset of influx The large foreigner to Turkey to own real estate in it, the Turkish government has recognized that it must be extracted from all the buyers without regard to his purpose of purchase, in order to make the matter more organized on the one hand and to protect the rights of the foreigner on the other hand.

Who extracts the real estate appraisal report?

One of the important questions that you must find an answer to when searching for real estate for sale in Turkey is the authority that you must resort to in order to obtain the real estate appraisal document. Is any real estate company suitable? Certainly not, although there are many entities that claim to be authorized to issue this document, this is not true, and you should only go to companies accredited by the Turkish government, otherwise the report will not be taken into account.

Duration of real estate appraisal report in Turkey :

Will this report, after its issuance, be valid for a long period of time, or is it restricted to a certain period of time? First of all, let us tell you that obtaining it is very easy and takes only 3 days, sometimes a week as a maximum, and it is valid for only three months from the date of its issuance, and if you need it after the expiration of that period, you will have to submit a request to extract a new report.

The cost of obtaining a real estate appraisal document :

If this matter concerns the buyers, then it is not an important matter, as its cost is considered easy and does not exceed 200 US dollars, but there is no fixed cost that applies to all properties because the matter varies according to the type of property, its size, its area, the extent of its luxury, the view it enjoys, and others. of the details.

Benefits of the real estate appraisal document in Turkey :

Certainly, the Turkish government did not acknowledge the need for the buyer to obtain the real estate appraisal document in vain, but rather there are many goals that it achieved through it and the benefits as well, including:

1 - To protect against fraud :

In the first place, this law was in favor of the buyer, as it protected him from being a victim of real estate fraud, deception and fraud, as there are many sellers who are lurking with experience and little knowledge of such an illegal matter to make money.

2- Turkey has become an important investment destination :

On the other hand, the impact of this law on the decisions of real estate investors around the world, where they felt safe and comfortable and were confident that they would not pay money in the wrong place. Also, the existence of such a law indicates the existence of others, which guarantees their rights and interests. According to the official authorities, an increase in sales has been observed. real estate after its approval.

3- Setting the conditions for Turkish nationality :

With the high demand for obtaining Turkish citizenship through real estate investment, it was necessary for the Turkish government to issue a law that sets the conditions for applying to it in order to make sure that the property that was purchased conforms to the law, that is, it is not less than 400 thousand US dollars.

4- It limited the prevention of tax evasion :

Real estate owners can no longer evade paying the taxes incurred by them, such as registering the property at a value less than it deserves, so that the taxes incurred on it are lower, and this has brought great benefit to the Turkish countries.

5- Real estate prices have been set :

Real estate owners in Turkey or sellers can no longer manipulate prices as they like, because the report will explain everything, and therefore you have to ensure that you, as a buyer, will get a property that is completely suitable for your budget and that you will not pay more.

6 - A remarkable development in the real estate sector :

On the other hand, the issuance of the real estate appraisal law only confirms to the world that the real estate sector in Turkey is on the path of organization and progress, and it is no less important than other developed markets.

Contents of the Turkish real estate appraisal report :

The real estate appraisal report in Turkey includes many important information about the property, including:

- The area of ​​the property and its geographical location within the city in which it is located in detail.

- Information about nearby service facilities such as schools, universities and transportation.

- Information about the land on which it is built and some details related to the real estate title deed.

- All legal details related to the property.

- Problems and negative aspects associated with the property.

- Real estate prices similar to it in the same area and in other areas.

- Its approximate price.

- Interior details such as build quality, finishes and other accessories are mentioned.

Buying a property in Turkey at the present time is a golden opportunity that you should think about because prices are stable and all laws and regulations are in your favor, and the real estate options available for sale are many and worth considering. You can view them by communicating with our real estate consultant or visiting our social media platforms.

Advantages of buying a property in Turkey through ist Homes Real Estate company:

One of the leading companies in the field ofreal estate investment in Turkey. We have extensive experience in theTurkish real estate market and are connected to the best residential complex constructioncompanies in Turkey.

We offer our customers a wide range of:
 Luxury real estate overlooking the sea in Istanbul , you can also find the cheapest apartments for sale in Turkey, hotel apartments, varioustypes of commercial real estate, villas for sale in Istanbulsuitable for obtaining Turkish citizenship and others suitable for obtaining real estate residence.