I’ve heard that foreign investors looking to buy property in Turkey might get cheated by agents into buying real estate that might not actually be worth $250,000. How can foreign investors be sure they are getting their money’s worth? is there an independent body with which they can check the prices?
Answers
On
Burçin Barlas answered:
Following a new regulation, from Oct. 1, 2021, the Turkish government will appoint an expert company that will prepare the evaluation report so that there is no way a seller can cheat a buyer.
On
Orhan Yavuz Mavioğlu answered:
The process for the CBI application also requires a real estate appraisal of the property showing the minimum $250,000 value to be obtained from a capital market board certified independent appraiser.
