Turkey Real Estate - Mandatory expert opinion for determining the value of real estate in Turkey

As of 4 March 2019, a new regulation will come into force which is relevant for the sale of real estate in Turkey to foreign citizens. It introduces the obligation to submit a valuation report for real estate located in Turkey. The declared objectives are to avoid excessive price demands, to increase cost transparency in the construction sector for Turkish apartments and houses and thereby to improve the brand value "Made in Turkey".