A Property Valuation Report (Expertise) is a mandatory document required for foreign buyers in Türkiye to ensure transparency, accuracy and protection during the real estate purchase process. This report shows the official market value, technical details, legal status and risk assessment of the property.

Since 15 February 2019, according to the regulation of the Land Registry and Cadastre Directorate, obtaining a valuation report has become compulsory for all foreign real estate purchases. This requirement will soon apply to all real estate transactions in Türkiye.

The report must be prepared by two SPK (Capital Markets Board) licensed valuation experts. They inspect the property on-site, check municipal and land registry documents, analyse market comparisons and prepare a detailed valuation file.

# What Is a Property Valuation Report?

The valuation report includes:

• True market value  
• Location details  
• Technical features  
• Land registry and municipal checks  
• Zoning status  
• Comparable market analysis  
• Legal or structural risks (if any)

This ensures a safe transaction and protects foreign investors from overpricing or fraudulent listings.

# Why Is It Mandatory?

The expertise report is required in order to:

• Prevent overvaluation  
• Ensure accurate and fair pricing  
• Detect errors in title or zoning records  
• Protect foreign buyers  
• Calculate investment value for citizenship applications  

# How Long Does It Take?

The valuation process for residential properties takes **2–3 business days**.  
The final report is typically **20–35 pages**.

For hotels, commercial buildings or land, feasibility reports may take **2 weeks to 1 month**.

# How Long Is the Report Valid?

The valuation report is valid for **3 months**.  
The TAPU application must be submitted within this period.

# Expert Valuation Fees

The cost of the valuation report generally ranges between:

**3,000 – 4,000 TRY + VAT**

Prices may vary depending on property type, location and features.

# What Does Elka Homes Do for You?

Elka Homes works exclusively with licensed SPK-approved valuation companies and manages the entire process:

• Scheduling the valuation appointment  
• Sending the expert to the property  
• Municipal and land registry data verification  
• Receiving and delivering the valuation report  
• Preparing all documents required for TAPU application  

Elka Homes ensures a fast, accurate and hassle-free valuation process for foreign buyers.