Turkiye has introduced updated procedures for real estate valuation reports used in foreign property transactions and citizenship applications, giving investors greater flexibility in selecting valuation firms while extending the validity period of the Amount Determination Certificate (TTB) and updating requirements for properties held by real estate investment trusts.\u00a0<\/p>\n\n\n\n
Turkiye\u2019s Land Registry and Cadastre General Directorate (TKGM) announced an update to the rules governing valuation reports used in real estate acquisitions by foreigners and certain related transactions on September 29, 2026. The changes follow an update to the relevant regulatory framework dated September 28, 2026.\u00a0 One of the key changes concerns the valuation company used to prepare the report supporting the TTB. <\/p>\n\n\n\n Official Your Key T\u00fcrkiye<\/strong> guidance states that the TTB is based on a real estate valuation report prepared by a valuation company authorized by the Capital Markets Board of T\u00fcrkiye (SPK). The valuation report request for citizenship purposes is submitted through the WebTapu\/TADEB\u0130S system. <\/p>\n\n\n\n This represents a change from the previous arrangement under which GEDA\u015e was responsible for preparing the valuation report used as the basis for the TTB. <\/p>\n\n\n\n The TTB is then prepared through the TADEB\u0130S system and transmitted to the TAKB\u0130S\/WebTapu system. Physical submission of a TTB is not accepted under the stated procedure. <\/p>\n\n\n\n Another important update concerns the validity period of the TTB. <\/p>\n\n\n\n According to the official guidance, the period between the date of the TTB and the application for the citizenship-related land registry transaction must not exceed 12 months<\/strong>. Where a TTB exceeds this period, the valuation report on which it is based must be renewed. <\/p>\n\n\n\n The extension provides a longer validity period for investors completing the steps required for their citizenship-related property transaction. <\/p>\n\n\n\n The revised procedures also address properties sold by real estate investment trusts, known in Turkiye as GYO.\u00a0<\/p>\n\n\n\n
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The revised framework affects how valuation reports are obtained for citizenship-related property transactions, how long the resulting TTB remains valid, and how properties owned by real estate investment trusts (GYO\/REITs) are handled.\u00a0
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Key Changes at a Glance<\/strong>\u00a0<\/p>\n\n\n\nRule Category<\/strong> <\/td> Previous Framework<\/strong> <\/td> Updated Framework \u2014 September 2026<\/strong> <\/td><\/tr> Firm Selection<\/strong> <\/td> Mandatory GEDA\u015e assignment <\/td> Valuation through SPK-authorized<\/strong> firms via the applicable WebTapu\/TADEB\u0130S process <\/td><\/tr> Report Validity<\/strong> <\/td> \u0633\u062a\u0629 \u0623\u0634\u0647\u0631 <\/td> Extended to 12 months<\/strong> <\/td><\/tr> REIT (GYO) Rule<\/strong> <\/td> Valuation exemption applied in certain circumstances <\/td> Updated procedures for qualifying existing valuation reports and new valuations through the relevant system <\/td><\/tr> Citizenship Minimum<\/strong> <\/td> 400,000 \u062f\u0648\u0644\u0627\u0631 \u0623\u0645\u0631\u064a\u0643\u064a <\/td> 400,000 \u062f\u0648\u0644\u0627\u0631 \u0623\u0645\u0631\u064a\u0643\u064a<\/strong> requirement remains applicable <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Valuation Reports Can Now Be Obtained from SPK-Authorized Firms<\/strong> <\/h2>\n\n\n\n
TTB Validity Extended to 12 Months<\/strong> <\/h2>\n\n\n\n
Updated Rules for GYO and REIT Properties<\/strong> <\/h2>\n\n\n\n