Valuation Report for the real estate purchase in Turkey and Turkish citizenship by investment

Foreigners need to get a valuation report before buying a real estate in Turkey. Valuation report is a prerequisite for getting the title deed appointment. Valuation report is a very important step in Turkish Citizenship by Investment Program.

The seller of the property can apply to valuation report on Webtapu system. The valuation report for foreigners must be prepared by an appraisal firm licensed by the Capital Markets Board (SPK) and connected to the land registry's TADEBİS system.

After the valuation report and currency exchange certificate, foreigners can get title deed appointment and they can receive the ownership of the property in Turkey. After that, they can put 3-years hold on property, apply for citizenship eligibility report and then apply for the Turkish citizenship.

The valuation report explains all the details of the property: net sqm, gross sqm, property address, title deed records, photos, floor plan, and the valuation price of property. If the valuation price is above $400,000, it directly says that the property is eligible for the Turkish Citizenship by Investment applications. If it is lower than $400,000, it writes the valuation amount (such as $250,000). Foreigners can combine properties and if the sum is above $400,000, they can apply for the citizenship.

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