Türkiye continues to be an attractive destination for international investors seeking real estate opportunities, whether for investment, residential purposes, rental income, or Turkish citizenship by investment.
However, foreign investors should carefully follow the regulations governing property purchases in Türkiye, particularly those concerning real estate valuation reports, title deed procedures, and foreign currency transactions.
On 29 September 2026, the General Directorate of Land Registry and Cadastre (TKGM) announced an update to Circular No. 2024/2, which regulates the procedures and principles concerning valuation reports used in property acquisitions by foreign nationals and certain other real estate transactions.
What Is a Real Estate Valuation Report?
A real estate valuation report is an official assessment used to determine the market value of a property.
The valuation generally considers factors such as the property’s location, physical characteristics, legal status, comparable properties and transactions in the surrounding area, and current market conditions.
For certain property transactions involving foreign individuals, a valuation report is required under the applicable regulations.
What Changed in September 2026?
On 29 September 2026, TKGM announced an update to Circular No. 2024/2 concerning valuation reports used in property transactions involving foreign nationals.
This makes it particularly important for foreign investors, real estate consultants, developers, and project sales offices to verify the latest valuation procedures before proceeding with a transaction.
Investors should avoid assuming that procedures from a previous property purchase will automatically apply to a new transaction, as regulations and administrative practices may change.
Valuation Reports for Turkish Citizenship by Investment
The valuation process is especially important when a property is being purchased for the purpose of applying for Turkish citizenship by investment.
Transactions related to citizenship applications are subject to specific procedures regarding the preparation and processing of valuation reports.
For this reason, an ordinary property purchase by a foreign national and a property transaction intended to support a Turkish citizenship application should not be treated as identical processes.
Before making a payment or signing a purchase agreement, investors considering Turkish citizenship should confirm that the property and transaction structure meet the applicable requirements.
Foreign Exchange Purchase Certificate
Another important part of the property acquisition process for foreign individuals is the Foreign Exchange Purchase Certificate, commonly referred to in Türkiye as the Döviz Alım Belgesi (DAB).
Under the applicable procedure, foreign currency corresponding to the property purchase amount is exchanged through a bank and sold to the Central Bank of the Republic of Türkiye. The bank then issues the relevant documentation required for the title deed transaction.
For this reason, foreign buyers should ensure that the payment, foreign currency exchange, and title deed procedures are carried out in the correct order.
What Should Foreign Property Buyers Check?
Foreign investors should evaluate more than just the advertised purchase price of a property.
Before completing a transaction, it is important to review the property’s title deed and legal status, valuation requirements, payment procedure, Foreign Exchange Purchase Certificate requirements and, where applicable, the specific conditions for Turkish citizenship by investment.
Professional due diligence before the transaction can significantly reduce the risk of delays or complications during the purchase and title deed process.
Invest in Türkiye with Turqua Invest
Turqua Invest supports international investors seeking real estate opportunities in Türkiye.
We help investors explore and compare suitable properties and projects based on their budget, investment objectives, preferred location, expected rental income, lifestyle requirements, and citizenship plans.
Our services include assistance with:
• Property and project selection
• Investment opportunity comparisons
• Project and property viewing tours
• Coordination of the purchasing process with relevant professionals
• Guidance for investors considering Turkish citizenship through real estate investment
Our objective is not simply to present properties, but to help investors identify opportunities that match their individual investment strategy.
Planning to invest in Turkish real estate?
Contact Turqua Invest to discover property opportunities, arrange a project viewing tour, or learn more about real estate investment and Turkish citizenship options in Türkiye.
Disclaimer: This article is provided for general informational purposes only and does not constitute legal, financial, tax, or investment advice. Regulations and administrative practices may change. Investors should verify the latest official requirements and obtain appropriate professional advice before proceeding with any transaction.
