What is a Property Valuation (Appraisal) Report?
A property valuation report is an official document that determines a propertys market value independently and objectively. In Turkey, valuation reports are mandatory for mortgages, foreign buyer transactions, and citizenship applications.
When Is It Required?
- Mortgage applications
- All foreign buyer transactions (since 2019)
- Citizenship applications ($400K minimum verification)
- Inheritance proceedings
- Divorce cases (asset division)
💡 Info: Valuation reports can only be issued by SPK (Capital Markets Board) licensed firms. Unlicensed reports have no legal validity.
Valuation Methods
1. Comparable Sales Method
Most common. Compares recent sales of similar properties.
2. Income Method
Value based on potential rental income. Common for commercial properties.
3. Cost Method
Reconstruction cost minus depreciation.
Factors Affecting Value
| Factor | Impact | Description |
|---|---|---|
| Location | Very high | Transport, amenities, environment |
| Building age | High | Newer buildings valued higher |
| Floor/facing | Medium-high | Higher floors and south-facing preferred |
⚠️ Warning: Large discrepancies between appraisal value and purchase price can lead to tax issues and citizenship application rejection.
✅ Tip: For citizenship applications, get quotes from multiple firms. Reports are valid for 3 months.
Contact us for expert guidance.
🏠 Professional Consultation
Let our Century21 Perfect Bagdat Caddesi team help you.
📞 +90 552 688 0195 | 📧 ashkan.ahani@century21.com.tr
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